AGENDA #4j
TO: Mayor and Town Council
FROM: W. Calvin Horton, Town Manager
SUBJECT: Budget Amendment for Art in Town Hall
DATE: December 11, 2000
The attached budget ordinance would reappropriate $2,254 from the fund balance from an appropriation of $5,000 made by the Council in 1999-2000 for purchase of the art work commissioned for the Town Hall. A total of $2,254 of the appropriation remained unused at June 30, 2000.
On May 10, 1999, the Council adopted a budget ordinance in the amount of $5,000 for the purchase of art work for the Town Hall. Because we inadvertently failed to prepare a purchase order for the $5,000 appropriation at that time, the $2,253.98 remaining of that $5,000 was not encumbered and reverted to Fund Balance at the end of the 1999-2000 fiscal year. Adoption of the attached ordinance would allow for payment of associated miscellaneous expenses and final payment to the artist for the selected art.
We recommend that the Council adopt the attached budget ordinance.
AN ORDINANCE TO AMEND “THE ORDINANCE
CONCERNING APPROPRIATIONS AND THE RAISING OF REVENUE FOR THE FISCAL YEAR
BEGINNING JULY 1, 2000 (2000-12-11/O-3)
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, 2000” as duly adopted on June 26, 2000 be and the same is hereby amended as follows:
ARTICLE I
Current Revised
APPROPRIATIONS Budget Increase Decrease Budget
GENERAL FUND
Mayor Council 192,602 2,254 194,856
ARTICLE II
Current Revised
REVENUES Budget Increase Decrease Budget
GENERAL FUND
Fund Balance 2,382,990 2,254 2,385,244
This the 11th day of December, 2000.