AGENDA # 4d

 

MEMORANDUM

 

TO:                  Mayor and Town Council

 

FROM:            W. Calvin Horton, Town Manager

 

SUBJECT:       Budget Amendment for Pooled Projects for the Percent for Art Plan

 

DATE:             January 24, 2005

 

 

The attached amendment would provide a budget for pooled funds for the approved Percent for Art Plan.

 

BACKGROUND

 

The Council adopted the 2004-05 Public Art Plan on April 30, 2004.  The Plan requires that the Town pool the Percent for Art Funds for several projects in the current year’s budget: ADA Ramps, Bikeways, Small Park Improvements, and Miscellaneous Park Projects. 

 

 

The projects are budgeted in the Town’s annual Capital Improvement Program Fund.  Because the funds will need to accumulate over more than one year in order to provide adequate funds for an art project, the Town needs to budget the funds in the multi-year Capital Project Fund.  Combining the $1,710 planned for pooled art projects this year with the previous balance for pooled funds in the multi-year Capital Project Fund, would give a total available in pooled art funds of $2,960.  Percent for Art funds for projects that are financed remain with the project budgets and, so, are not shown here.

 

RECOMMENDATION

 

That the Council enact the attached budget ordinance amendments to transfer appropriated funds for the pooled Percent for Art projects from the Capital Improvement Fund to the multi-year Capital Improvement Fund.

 

ATTACHMENT

 

  1. Memorandum of April 30, 2004 (p. 5).
  2. Memorandum of April 30, 2004 (p. 8).

AN ORDINANCE TO AMEND “THE ORDINANCE CONCERNING APPROPRIATIONS AND THE RAISING OF REVENUE FOR THE FISCAL YEAR BEGINNING JULY 1, 2004” (2005-01-24/O-1a )

 

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, 2004” as duly adopted on June 14, 2004 and the same is hereby amended as follows:

 

 

 

 

This the 24th day of January, 2005.

AN ORDINANCE TO AMEND THE CAPITAL PROJECT ORDINANCE FOR VARIOUS CAPITAL PROJECTS (2005-01-24/O-1b)

 

 BE IT ORDAINED by the Council of the Town of Chapel Hill that, pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the capital projects ordinance for various capital projects funded from a variety of sources is hereby amended as follows:

 

SECTION I

 

The capital projects as authorized by the Town Council include various capital projects funded from grants, the Capital improvements Program funds, and other miscellaneous sources of revenue for a variety of projects extending beyond one fiscal year.

 

SECTION II

 

The Manager of the Town of Chapel Hill is hereby directed to proceed with the implementation of the project within the terms of grant agreements executed with the Federal Transit Administration and the funds appropriated herein.

 

SECTION III

 

SECTION IV

 

The Manager is directed to report annually on the financial status of the project in an information section to be included in the Annual Budget, and shall keep the Council informed of any unusual circumstances.

 

Copies of this project ordinance shall be entered into the Minutes of the Council and copies shall be filed within five days of adoption with the Manager, Finance Director and Town Clerk.

 

This the 24th day of January, 2005.