Title
Fiscal Year 2025-26 Budget Amendment #5
PURPOSE: To approve budget, grant, and capital project ordinance amendments for Fiscal Year 2025-26.
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Department
DEPARTMENT: Finance & Economic Development
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Information
INFORMATION:
Finance
1. Land Acquisition: This request establishes a budget for the acquisition of property located in Carrboro, NC. The project will be funded through a transfer of $889,000 from the General Fund, to be provided for by an appropriation of fund balance.
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Fiscal and Staff Impact
FISCAL IMPACT: This amendment increases the budget appropriation of the General Fund by $889,000 and increases the Capital Projects Fund by $889,000.
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Recommendation
RECOMMENDATION: The Manager recommends that the Council approve the budget, grant, and capital project ordinance amendments for Fiscal Year 2025-26.