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File #: 14-0189    Version: 1 Name:
Type: Agendas Status: Passed
File created: 5/28/2014 In control: Board of Aldermen
On agenda: 6/3/2014 Final action: 6/3/2014
Title: Budget Amendment FY 2013-14 PURPOSE: The Board is requested to approve a budget amendment to the General Fund and Capital Project Fund to recognize and/or appropriate revenues not included in the adopted 2013-14 adopted budget.
Attachments: 1. Budget Ordinance Amendment 6-3-2014, 2. CP Ordinance Amendment - Rogers Road and Condo
TITLE: Title
Budget Amendment FY 2013-14
PURPOSE: The Board is requested to approve a budget amendment to the General Fund and Capital Project Fund to recognize and/or appropriate revenues not included in the adopted 2013-14 adopted budget.
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DEPARTMENT: Management Services

CONTACT INFORMATION: Arche McAdoo, 918-7439

INFORMATION: Throughout the year the Town may receive revenues that have not been anticipated and included in the adopted budget. To utilize these additional revenues the Board is required to recognize and appropriate them for expenditure. Since the start of the current fiscal year 2013-14 the Town is expected to receive an additional $93,564 in general fund revenue from the following:

? Stocking Fee - estimated revenues of $7,000
? Community School for People Under 6, Rental Income- estimated revenues of $1,000
? Fleet Feet, Rental Income - estimated revenues of $49,524
? Community Solar, Rental Income - estimated revenues $40
? Supplemental PEG Grant - estimated revenues $36,000
After the start of the fiscal year, the Town received notification that The People's Channel and been recertified as PEG Channel. The Town initially budgeted $36,000 of revenues for one PEG Channel, but now needs to revise revenues for Supplemental PEG Channel from $36,000 to $72,000 to reflect two certified PEG Channels.

Except for the Supplemental PEG Channel revenues, these additional revenues are not proposed for expenditure. They reside in the general fund balance and are recommended for Non -Departmental budget to maintain a balanced general fund budget. Because PEG Channel revenues must be passed through to the certified PEG Channel, the additional revenues must be appropriated for The People's Channel in Governance Support.

CAPITAL PROJECT FUND
There are two amendments proposed for the Capital Project Fund. One is to complete the funding for Rogers Road remediation; and the other is for roof replacement of the Town's...

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