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M
<br />Revenues for this Droiect:
<br />Aoorooriated for this groiect:
<br />FY 2012 -13
<br />Current Budget
<br />FY 2012 -13
<br />Amendment
<br />FY 2012 -13
<br />Revised
<br />Town of Hillsborough
<br />$454,525
<br />$33,625
<br />$488,150
<br />Total Project Funding
<br />$454,525
<br />$33,625
<br />$488,150
<br />Aoorooriated for this groiect:
<br />Technical Amendment
<br />7. On June 5, 2012 and June 19, 2012, the Board of County Commissioners approved
<br />appropriated fund balance amounts totaling $1,025,000 from the General Fund to
<br />provide payment for the Eno River Parking Deck, with anticipation of the closing to
<br />occur before June 30, 2012. The closing occurred on July 6, 2012. This amount of
<br />$1,025,000 was included as Assigned Fund Balance in the year -end audit and as
<br />part of the uses of Appropriated Fund Balance abstract at the November 20, 2012
<br />regular meeting, but a technical amendment is needed in FY 2012 -13 to show the
<br />appropriation of fund balance, as well as the transfer to County Capital. This budget
<br />amendment provides for the technical amendment for the above stated purpose.
<br />(See Attachment 1, column 5)
<br />Miscellaneous
<br />8. The FY 2012 -13 Board of Commissioners' Approved Budget included funds for an
<br />anticipated Health Insurance increase of up to $171,609 in a Governing and
<br />Management Non - Departmental line item. This budget amendment provides for the
<br />actual allocation of these funds to cover health insurance expenditures within
<br />departments. The funds will cover the health insurance rate increases that were
<br />effective January 1, 2013. (See Attachment 1, column 6)
<br />9. The FY 2012 -13 Board of Commissioners' Approved Budget also included funds of
<br />$1,076,107 for a Cost of Living (COLA) of 2 %, effective July 1, 2012 and an
<br />employee performance award of either $500 or $1,000, effective with Work Planning
<br />and Performance Review (WPPR) dates from July 1, 2012 to June 30, 2013. This
<br />budget amendment provides for the actual allocation of these funds to cover the
<br />COLA and performance awards within departments. (See Attachment 1, column 7)
<br />FINANCIAL IMPACT: Financial impacts are included in the background information above.
<br />RECOMMENDATION(S): The Manager recommends the Board approve budget amendments
<br />and an updated grant project ordinance for fiscal year 2012 -13.
<br />FY 2012 -13
<br />Current Budget
<br />FY 2012 -13
<br />Amendment
<br />FY 2012 -13
<br />Revised
<br />NPDES Program
<br />$454,525
<br />$33,625
<br />$488,150
<br />Total Costs
<br />$454,525
<br />$33,625
<br />$488,150
<br />Technical Amendment
<br />7. On June 5, 2012 and June 19, 2012, the Board of County Commissioners approved
<br />appropriated fund balance amounts totaling $1,025,000 from the General Fund to
<br />provide payment for the Eno River Parking Deck, with anticipation of the closing to
<br />occur before June 30, 2012. The closing occurred on July 6, 2012. This amount of
<br />$1,025,000 was included as Assigned Fund Balance in the year -end audit and as
<br />part of the uses of Appropriated Fund Balance abstract at the November 20, 2012
<br />regular meeting, but a technical amendment is needed in FY 2012 -13 to show the
<br />appropriation of fund balance, as well as the transfer to County Capital. This budget
<br />amendment provides for the technical amendment for the above stated purpose.
<br />(See Attachment 1, column 5)
<br />Miscellaneous
<br />8. The FY 2012 -13 Board of Commissioners' Approved Budget included funds for an
<br />anticipated Health Insurance increase of up to $171,609 in a Governing and
<br />Management Non - Departmental line item. This budget amendment provides for the
<br />actual allocation of these funds to cover health insurance expenditures within
<br />departments. The funds will cover the health insurance rate increases that were
<br />effective January 1, 2013. (See Attachment 1, column 6)
<br />9. The FY 2012 -13 Board of Commissioners' Approved Budget also included funds of
<br />$1,076,107 for a Cost of Living (COLA) of 2 %, effective July 1, 2012 and an
<br />employee performance award of either $500 or $1,000, effective with Work Planning
<br />and Performance Review (WPPR) dates from July 1, 2012 to June 30, 2013. This
<br />budget amendment provides for the actual allocation of these funds to cover the
<br />COLA and performance awards within departments. (See Attachment 1, column 7)
<br />FINANCIAL IMPACT: Financial impacts are included in the background information above.
<br />RECOMMENDATION(S): The Manager recommends the Board approve budget amendments
<br />and an updated grant project ordinance for fiscal year 2012 -13.
<br />
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