TITLE: Title
Request to Approve a Budget Amendment - Revenues from CDTA
PURPOSE: The purpose of this item is to recognize and appropriate for use $20,000 of funding from the Carrboro Tourism Development Authority (CTDA) to support Community Events undertaken by the Town's Recreation and Parks Department.
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DEPARTMENT: Finance
CONTACT INFORMATION: Arche McAdoo, 918-7439
INFORMATION: The CTDA included in its FY 2014-15 adopted budget $20,000 to support Community Events to be carried out by the Town's Recreation and Parks Department. Funds were appropriated by the CTDA as follows:
Music Festival $12,000
Film Festival $ 7,000, and
Poetry Alive Festival $ 1,000.
The attached amendment to the annual budget ordinance adopted by the Town on June 17, 2014 increases the revenues and expenditures by the above amount.
FISCAL & STAFF IMPACT: Funding for Community Events will increase by $20,000.
RECOMMENDATION:r Staff recommends that the Board approve the attached budget amendment (Attachment A).