TITLE: Title
Public Hearing on Town Manager's Recommended Budget for FY 2017-18
PURPOSE: To hold a public hearing on the Town Manager's recommended budget for the upcoming fiscal year as required by G. S. 159-12 (b).
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DEPARTMENT: Town Manager
CONTACT INFORMATION: David L. Andrews, 918-7315 and Arche L. McAdoo 918-7439
INFORMATION: On May 2, 2017 the Town Manager presented his recommended budget for Fiscal Year 2017-18. The recommended budget totals, $36,039,917 comprised of the following: General Fund $22,840,860; Capital Fund $10,882,447; and Special Revenue Fund $2,287,784.
To ensure that the public has access to the budget document and is aware of the public hearing, North Carolina G.S. 159-12 (a) requires the Town Clerk to have the budget document available for public inspection until the budget ordinance is adopted. The document is also available on the Town's website at www.townofcarrboro.org.
The statute also requires the Town Clerk to make a copy of the budget available to all news media in the county and to publish a statement that the budget has been submitted to the governing board, and is available for public inspection. The statement must also give notice of the time and place of the budget public hearing. Attached is the notice of the public hearing published by the Town Clerk.
FISCAL & STAFF IMPACT: The total recommended budget for FY 2017-18 is $36.0 million comprised of the following: General Fund $22.8 million; Capital Fund $10.8 million; and Special Revenue Fund $2.2 million. ...
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