Title
Fiscal Year 2025-26 Budget Amendment #6
PURPOSE: To approve budget, grant, and capital project ordinance amendments for Fiscal Year 2025-26.
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Department
DEPARTMENT: Finance
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Council Direction
COUNCIL DIRECTION:
___ Race/Equity ____ Climate ____ Comprehensive Plan __X__Other
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Information
INFORMATION:
Fire & Rescue
1. FEMA Hazard Mitigation Grant Program Project (#50575): The Fire & Rescue Department requests the establishment of the FEMA Hazard Mitigation Grant Program (HMGP) Project DR-4827-0038-R, Acquisition/Demolition Group 1. The project will be funded through the Federal Emergency Management Agency (FEMA) and the North Carolina Emergency Management Agency and is structured as a reimbursement-based grant. The total project award is $520,079, with FEMA providing 75% ($390,059) and NC Emergency Management providing 25% ($130,020) of eligible project costs. No local match is required from the Town.
The project includes the acquisition and demolition of a flood-prone residential structure located at 116 Carol Street. Upon completion, the structure will be permanently removed from the flood hazard area, and the property will be maintained as open space in perpetuity in accordance with FEMA HMGP requirements.
Finance
2. Bridge Truss Replacement Project (#66260): In FY2025, Town Council authorized the reallocation of unspent Town contributions to the Homestead Road-Chapel Hill High School Multi-Use Path Project (#55003) to be used toward Pedestrian Bridge Truss Replacement Project (#66260). This technical amendment authorizes the transfer of $271,115 from the Bond Proceeds Fund to the General Fund through reallocation; a transfer of $116,462 from the General Fund to the Capital Projects Fund for the Bridge Truss Replacement Project; and a reduction in General Fund appropriated fund balance of $154,653.
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Fiscal and Staff Impact
FISCAL IMPACT: This amendment increases the budget appropriation for the Grants Administration Multi-Year Fund by $520,079; increases the Capital Projects Multi-Year Fund by $116,462; increases the General Fund by $116,462; and decreases the General Fund appropriated fund balance by $154,653.
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Recommendation
RECOMMENDATION: The Manager recommends the Council approve the budget, grant, and capital project ordinance amendments for Fiscal Year 2025-26.
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