August 9, 2016
MEMO TO: Mayor Barber and Board of Commissioners
FROM: Frank A. Rush, Jr., Town Manager
SUBJECT: Budget Amendment – Special Drug Fund
The Board of Commissioners is asked to approve the attached budget amendment appropriating a total of $788 for the Police Department in the Special Drug Fund.
The Special Drug Fund is statutorily restricted for Police Department expenditures, and is used to account for revenues received from the NC Controlled Substance Tax and the US Department of Justice’s Federal Equitable Sharing Program. These revenues are highly uncertain and variable, and the Town has historically deposited any revenues in the Special Drug Fund as received, and then appropriated fund balance as needed. The attached budget amendment simply appropriates the current fund balance in the Special Drug Fund as of June 30, 2016 ($788) for future Police Department expenditures.
I recommend approval of the attached budget amendment.