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<br />7. The FY 2013 -14 Board of Commissioners' Approved Budget also included funds of
<br />$1,200,920 for a Cost of Living (COLA) of 2 %, effective July 1, 2013 and an employee
<br />performance award of either $500 or $1,000, effective with Work Planning and
<br />Performance Review (WPPR) dates from July 1, 2013 to June 30, 2014. This budget
<br />amendment provides for the actual allocation of these funds to cover the COLA and
<br />performance awards within departments. (See Attachment 1, column 6)
<br />New Hope Preserve /Hollow Rock Access Capital Project
<br />8. At its February 18, 2014 meeting, the Board of Commissioners approved the purchase of
<br />2.6 acres located on Erwin Road from the Triangle Land Conservancy for the future New
<br />Hope Preserve /Hollow Rock Access Area. This budget amendment provides for the
<br />transfer and use of existing funds of $70,000 from the Lands Legacy Capital Project to
<br />the New Hope Preserve /Hollow Rock Access Capital Project for the land purchase and
<br />transaction costs, and amends the Capital Project Ordinances as follows: (With this
<br />appropriation, approximately $1,397,000 remains currently available in Lands Legacy
<br />funds.)
<br />Lands Legacy (- $70,000) Project # 20011
<br />Revenues for this proiect:
<br />Appropriated for this project:
<br />Current
<br />FY 2013 -14
<br />FY 2013 -14
<br />Amendment
<br />FY 2013 -14
<br />Revised
<br />Alternative Financing
<br />$851,472
<br />$0
<br />$851,472
<br />From General Fund
<br />$724,100
<br />($70,000)
<br />$654,100
<br />Donations
<br />$1,000
<br />$0
<br />$1,000
<br />Appropriated Fund Balance
<br />$9,337
<br />$0
<br />$9,337
<br />Total Project Funding
<br />$1,585,909
<br />($70,000)
<br />$1,515,909
<br />Appropriated for this project:
<br />New Hope Preserve/Hollow Rock Access ($70,000) Project # 20027
<br />Revenues for this project:
<br />Current FY
<br />2013 -14
<br />FY 2013 -14
<br />Amendment
<br />FY 2013 -14
<br />Revised
<br />Lands Legacy
<br />$1,585,909
<br />$70,000)
<br />$1,515,909
<br />Total Costs
<br />$1,585,909
<br />($70,000 )
<br />$1,515,909
<br />New Hope Preserve/Hollow Rock Access ($70,000) Project # 20027
<br />Revenues for this project:
<br />Appropriated for this project:
<br />Current
<br />FY 2013 -14
<br />FY 2013 -14
<br />Amendment
<br />FY 2013 -14
<br />Revised
<br />Historic Preservation Grant
<br />$90,000
<br />$0
<br />$90,000
<br />Contribution from Chapel Hill
<br />$37,500
<br />$0
<br />$37,500
<br />From General Fund
<br />$25,000
<br />$70,000
<br />$100,000
<br />Appropriated Fund Balance
<br />$12,500
<br />$0
<br />$12,500
<br />Total Project Funding
<br />$165,000 1
<br />$70,000 1
<br />$235,000
<br />Appropriated for this project:
<br />Current FY
<br />FY 2013 -14
<br />FY 2013 -14
<br />2013 -14
<br />Amendment
<br />Revised
<br />New Hope Preserve /Hollow
<br />$165,000
<br />$70,000
<br />$235,000
<br />Rock Access
<br />Total Costs
<br />$165,000
<br />1 $70,000
<br />$235,000
<br />
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