AGENDA #7a(1)
MEMORANDUM
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TO: |
Mayor and Town Council |
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FROM: |
Roger L. Stancil, Town Manager Kenneth C. Pennoyer, Director of Business Management |
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SUBJECT: |
Recommended Budget Ordinance for the 2008-09 Fiscal Year |
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DATE: |
June 9, 2008 |
PURPOSE
The attached budget ordinance would approve a final budget and set the tax rate for the 2008-09 fiscal year at 42.3 cents for the General Fund, 11.0 cents for the Debt Service Fund and 4.8 cents for the Transit Fund for a combined tax rate of 58.1 cents, an increase of 5.9 cents over the 2007-08 Budget. The tax rate for the Downtown Service District would be set at 9.0 cents, the same rate as in 2006-07 and 2007-08.
The attached budget ordinance would approve a final budget with changes authorized by the Council in budget work sessions.
General Fund
The Manager’s Recommended General Fund Budget includes:
Personnel Costs
Operating Costs
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Human Services |
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Human Services Advisory Board Recommendation |
$250,000 |
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Friends of the Chapel Hill Senior Center |
30,000 |
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Joint Orange/Chatham Community Action Agency |
18,900 |
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Orange County Senior Center |
46,700 |
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Orange County Retired Senior Volunteer Program |
12,300 |
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Arts |
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Cultural Arts Dinner |
500 |
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Arts Center |
10,000 |
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Affordable Housing |
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Orange Community Housing and Land Trust |
200,000 |
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Affordable rentals |
13,500 |
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Homelessness Initiative |
24,600 |
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Economic Development |
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Chapel Hill Visitors Bureau |
100,000 |
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North Carolina Athletics Association |
30,000 |
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Downtown Partnership |
70,000 |
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Orange County Economic Development Commission |
6,000 |
Capital
Transit Fund
The Manager’s Recommended Transit Fund Budget includes:
Personnel
Route and other service adjustments will be arranged after a public hearing to help determine the allocation of current resources.
Additional service requests may be made by the University or Carrboro. Any additions to the budget would be handled through amendments to the adopted budget, with funding for additional service being provided by the requesting party in accord with previous funding agreements.
Capital Improvements Fund
The final Capital Improvements Fund budget totals $1,107,000 and includes the following:
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Project |
2008-09 Budget |
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Municipal Operations Facilities |
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Extraordinary Maintenance, Emergency Repairs |
$100,000 |
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Town Hall & Council Chamber Capital Improvements |
50,000 |
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Fire Station # 3 Capital Maintenance |
106,000 |
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Town Facilities Leased by Others |
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Sport Art Gymnastics Building and Grounds |
14,000 |
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Infrastructure |
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Curb Cut Improvements - Americans with Disabilities Act Compliance |
30,000 |
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Capital Repairs - Parking Lots/Bike and Pedestrian Paths/Greenway Trails |
50,000 |
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Communications and Technology |
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Fiber Optic Network |
50,000 |
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Fire House Mobile & GIS System for Response Units |
100,000 |
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Public Works Vehicle Location & Mobile Data System |
50,000 |
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Parks and Other Public Use Facilities |
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Light Pole Replacement |
400,000 |
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Aquatics Center Fiber Optics/Security System |
27,000 |
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Small Park Improvements |
60,000 |
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Greenways |
50,000 |
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Cemetery Beautification |
20,000 |
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Total |
$1,107,000 |
Other Funds
Off-Street Parking Fund
The Off-Street Parking Fund has a budget of $1,394,040 and includes eight months of revenue for Lot 5, because of the plans for the Downtown Initiative. If construction is delayed, then both costs and revenues will need to be adjusted mid-year.
Housing Fund
The Housing Fund has a budget of $1,876,914 and includes a subsidy from the General Fund of $176,000.
Grants Fund
Grants already accepted by the Council for 2008-09 are included in the Grants Fund and total $543,645.
Other funds have been adjusted to allocate the proposed pay adjustments and the revised increase in medical insurance. No other changes have been made in other funds.
RECOMMENDATION
That the Council enact the attached budget ordinance.