Title
Fiscal Year 2025-26 Budget Amendment #1
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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Information
INFORMATION:
1. Recreation, Parks, & Cultural Resources
a. NC Youth Sports Grant: The Town is in receipt of a $20,000 award from NC Amateur Sports organization through the Youth Sports Grant Fund. Established by the State from a percentage of sports wagering tax, the program provides funding for the purchase of additional equipment that benefit youth sports. This amendment establishes the NC Youth Sports Grant Project (#29660) in the Grant Fund and authorizes the receipt and appropriation of these funds in a manner consistent with the grantor’s intent.
2. Police Department
a. Alcoholic Beverage Control (ABC): The Orange County Alcoholic Beverage Control (ABC) Board awarded the Police Department $25,000 in grant funding for FY 2025-26. These funds must be used and reported in a manner pursuant to N.C.G.S. 18B-501(f). This amendment updates ABC Board Grant Project (51008) in the Grant Fund and authorizes the receipt and appropriation of these funds.
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Fiscal and Staff Impact
FISCAL IMPACT: This amendment increases the authorization of the Grant Fund by $45,000.
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Recommendation
RECOMMENDATION: The Manager recommends the Council approve the budget and grant project ordinance amendments for Fiscal Year 2025-26.
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