Title
Vote to approve Fiscal Year 2025-2026 Budget Amendments
Abstract
Introduction & Background: During the fiscal year, the budget must be amended as changing conditions warrant. The fiscal year 2025-2026 budget ordinance authorizes the County Manager to transfer funds within a department without limitation. The Manager may also transfer amounts of up to $5,000 between departments of the same fund and transfer amounts up to $50,000 from contingency with a memorandum report of such transfers to the Board. The Board must approve all other transfers.
Discussion & Analysis: The attached proposed amendments must be approved by the Board of Commissioners for Fiscal Year 2026.
The Parks and Recreation transfer out budget is being increased by $251,294 for matching funds for the Great Trails State Program Grant for the Haw River Pegg Tract.
The Chatham County Schools budget is being increased by $1,423,576 to reimburse for payments made to the Charter Schools.
The General Services lease principal and lease interest budget is being decreased by $102,522 and $6,902, respectively, to distribute costs for the Sharp copier lease to the departments with assigned copiers as reflected in the attached budget transfer list.
The Governing Board special meeting salaries line is being reduced by $4,000 to increase the Governing Board contracted services line by $4,000.
The General Services Debt Proceeds, LOB Premium is being increased by $66,365 for additional Premium received on the 2025 LOB Refunding and the LOB Interest for Chatham County Schools, Agriculture and Conference Center, Social Services, Facilities Management, and Economic Development is being increased by $66,365 for additional interest due on the 2025 Refunding interest payment.
Budgetary Impact: The proposed amendments increase the General Fund by $1,741,235 and the appropriated fund balance by $1,674,870. General Fund transfers have no budgetary impact.
Recommendation/Motion: Motion to approve budget amendments as proposed by staff.