AGENDA #4f

 

MEMORANDUM

 

TO:                  Mayor and Town Council

 

FROM:            W. Calvin Horton, Town Manager

 

SUBJECT:       Funding Transfer for Red Cross Pledge

 

DATE:             February 28, 2000

 

 

BACKGROUND AND DISCUSSION

 

At the February 14, 2000 meeting, the Council approved a pledge of $5,000 to the Orange County Chapter of the American Red Cross.  Because all of the Council’s original contingency account has been used this year, the attached budget ordinance would appropriate $15,000 from fund balance to replenish this account, and allocate $5,000 of this amount for the American Red Cross project.

 

RECOMMENDATION

 

Manager’s Recommendation: That the Council adopt the attached budget amendment.

 

 

 

AN ORDINANCE TO AMEND “THE ORDINANCE CONCERNING APPROPRIATIONS AND THE RAISING OF REVENUE FOR THE FISCAL YEAR BEGINNING JULY 1, 1999 (2000-02-28/O-4)

 

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, 1999” as duly adopted on June 14, 1999, be and the same is hereby amended as follows:

 

ARTICLE I

 

                                                  Current                                                                       Revised

APPROPRIATIONS                  Budget                Increase           Decrease                  Budget

 

GENERAL FUND

     Non-Departmental                           

            Contingency                      2,867                  15,000                 5,000                  12,867

            Agencies: Other              17,500                    5,000                                           22,500

  

 

ARTICLE II

 

REVENUES

 

            Fund Balance               1,670,630               15,000                                      1,685,630

 

 

This the 28th day of February, 2000.