Title
Vote on a request to approve Fiscal Year 2022-2023 Budget Amendments
Abstract
Action Requested: Vote on a request to approve budget amendments as proposed by staff.
Introduction & Background: During the fiscal year, the budget must be amended as changing conditions warrant. The fiscal year 2022-2023 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 2023.
The Library department's budget is being increased by $17,000 to cover expenses related to a grant received from the NC Department of Natural and Cultural Resource to purchase a kitchen trailer.
The Sheriff department's budget is being increased by $3,681 to cover additional youth services donations.
The General department's budget is being increased by $168,112 with an appropriation to fund balance to cover article 46 sales tax revenue received in prior year.
The Planning department's budget is being increased by $272,623 with an appropriation to fund balance to cover expenses related to the small area plan.
The Housing Trust Fund is being increased by $168,112 to cover additional article 46 sales tax revenue received in prior year.
The Planning department's budget is being increased by $379,420 with a transfer from contingency to cover small area plan costs and the SAP initial assessment.
Budgetary Impact: The proposed amendments increase the General Fund by $461,416 including an increase to appropriated fund balance in the amount of $440,735. The proposed amendments increase the Housing Trust Fund by $168,112.Transfers from general fund contingency total $379,420.
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