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Budget Amendment and Special Revenue Ordinance - Transportation
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INFORMATION CONTACT:
Theresa Torres, Human Services Agency - Transportation Department, Director, 704-283-3598
ACTION REQUESTED:
1) Adopt Budget Amendment #33 and 2) adopt Special Revenue Ordinance Amendment #98.
PRIOR BOARD ACTIONS:
November 21, 2022, Regular Meeting, Agenda Item # 22-806 - Approved grant application and local match funding request
BACKGROUND:
At the November 21, 2022, regular meeting the Board approved Transportation’s application for a Discretionary Projects Program Grant. The grant funds cover the purchase, lease, or conversion of transit vehicles to low-emission Propane Autogas fuel source, as well as acquisition, construction, and leasing of required supporting facilities and equipment. The Board also approved the local match and upon receipt of the grant award that it would be recognized, received, and appropriated in the Transportation budget. This budget will be accounted for in the Special Revenue Fund.
Budget Amendment #33 transfers the local match of $40,000 from the General Fund to the Special Revenue Fund. Special Revenue Ordinance #98 appropriates the grant funding of $160,000 and the local match from the General Fund.
FINANCIAL IMPACT:
$160,000 in grant funding, $40,000 local match.