TITLE: Title
General Fund Budget Ordinance Amendment
PURPOSE: The Board is requested to amend the adopted FY 2017-18 budget ordinance to recognize additional revenues and appropriate them for use.
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DEPARTMENT: Finance
CONTACT INFORMATION: Arche McAdoo, 918-7439
INFORMATION: The Carrboro Tourism Development Authority has appropriated $7,500 to support the Freight Train Blues Series and $53,000 for design of a comprehensive wayfinding program for the Town.
The Carol Woods Retirement Community has donated $5,000 to be used for Recreation & Parks Department Active Life programs.
FISCAL & STAFF IMPACT: The FY 2017-18 budget for the Freight Train Blues Series is 7,500. Economic and Community Development budget for contract services will increase by $53,000 to support a contract for wayfinding design. Recreation & Parks budget will increase by $5,000. The total General Fund adopted budget will increase from $22,869,686 to $22,935,186.
RECOMMENDATION:r The staff recommends that the Board of Aldermen adopt the attached amendment for the FY 2017-18 Budget Ordinance.