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EXECUTIVE SUMMARY

Meeting Date: 1/25/2010
AGENDA #5c


Title of Agenda Item: Budget Ordinance Amendments to Correct and Adjust Various Funds. (O-1) (O-2) (O-3)

Background: The attached staff memorandum provides an explanation of the proposed budget ordinance amendments that adjust and correct various funds including the Grants Fund, Debt Fund, General Fund and Library Bond Fund, Parks and Recreation Bond Fund, Transit Capital Grants Fund, Cable Public Access Fund and the Public Housing Operating Fund.

Fiscal Note: The proposed amendments affect the various funds as follows:
General Fund - net increase of $22,778
Grants Fund - increase of $231,056
Debt Fund - increase of $64,700 
Public Housing Operating Fund - decrease of $29,598
Parks & Recreation Bond Fund - increase of $10,000
Library Bond Fund - increase of $242,103

Recommendations: That the Council enact the proposed budget ordinance amendments.


ATTACHMENTS:
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Staff Memorandum
Miscellaneous Adustment Ordinance
NC Arts Grant Ordinance
Library Renovations Ordinance