Title
Vote to approve Fiscal Year 2023-2024 Budget Amendments
Abstract
Introduction & Background: During the fiscal year, the budget must be amended as changing conditions warrant. The fiscal year 2023-2024 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 2024.
The Schools department’s budget is being increased by $275,000 to cover Repair and Renovation pass-through funding from State Lottery Proceeds.
The Non-Departmental (General Services) department’s budget is being increased by $73,700 with an increase from contingency to cover $3,000 for the Juneteenth Celebration, $16,000 in additional ITS funding, and $54,700 to cover an Impact Fee Refund to Oak View at Siler City.
The Planning department’s budget is being increased by $131,700 with an increase from contingency to cover additional UDO contract funding.
The E-911 department’s budget is being increased by $103,590 with an increase in appropriated fund balance to cover new E-911 recorders.
How does this relate to the Comprehensive Plan: N/A
Budgetary Impact: The proposed amendments increase the General Fund by $480,400 and the E-911 Fund by $103,590 with a transfer from E-911 appropriated fund balance of $103,590.
Recommendation/Motion: Motion to approve budget amendments as proposed by staff.