ORDINANCE A

(Manager’s Recommendation)

 

AN ORDINANCE TO AMEND “THE ORDINANCE CONCERNING APPROPRIATIONS AND THE RAISING OF REVENUE FOR THE FISCAL YEAR BEGINNING JULY 1, 2006” (2006-09-27/O-2a)

 

BE IT ORDAINED by the Council of the Town of Chapel Hill that the Budget Ordinance entitled “An Ordinance Concerning Appropriations and the Raising of Revenue for the Fiscal Year Beginning July 1, 2006” as duly adopted on June 26, 2006 and the same is hereby amended as follows:

 

ARTICLE I

 

 

 

 

 

 

Current

 

 

Revised

APPROPRIATIONS

Budget

Increase

Decrease

Budget

 

 

 

 

 

GENERAL FUND

 

 

 

 

  Transfer to Capital

 

 

 

 

   Improvements Fund

1,275,250

350,000

 

1,625,250

 

 

 

 

 

CAPITAL IMPROVEMENT

 

 

 

 

PROGRAM FUND

2,460,741

2,100,000

 

4,560,741

 

 

 

 

 

ARTICLE II

 

 

 

 

 

 

Current

 

 

Revised

REVENUES

Budget

Increase

Decrease

Budget

 

 

 

 

 

 

 

 

 

 

GENERAL FUND

 

 

 

 

  Appropriated Fund Balance

3,176,402

350,000

 

3,526,402

 

 

 

 

 

 

 

 

 

 

CAPITAL IMPROVEMENT

 

 

 

 

PROGRAM FUND

 

 

 

 

  Transfer from General Fund

1,275,250

350,000

 

1,625,250

  Financing Proceeds

0

1,750,000

 

1,750,000

 

This the 27th day of September, 2006.