March 14, 2017

MEMO TO:           Mayor Barber and Board of Commissioners

FROM:                  Frank A. Rush, Jr., Town Manager

SUBJECT:           Budget Amendment – General Fund

The Board of Commissioners is asked to approve the attached General Fund budget amendment to formally appropriate a total of $3,693 for the recent CVS sidewalk / traffic island project. 

The total cost for this project was $7,386.  The attached budget amendment reflects the Town’s 50% contribution from general revenues for the project, with the balance ($3,693) provided by the Bicycle and Pedestrian Fund (ultimately derived from fundraising activities).

The attached budget amendment appropriates higher than anticipated sales tax revenues for this expense, and transfers these funds to the Bicycle and Pedestrian Fund, where the entire expense is recorded.

I recommend approval of the attached budget amendment.