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FY23 5307 Capital Grant - Budget Amendment, Special Revenue Ordinance and Capital Project Ordinance - Transportation
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INFORMATION CONTACT:
Beverly Liles, Finance, Director, 704-283-3675; Theresa Torres, Human Services Agency - Transportation Department, Director, 704-283-3598
ACTION REQUESTED:
Adopt 1) Budget Amendment #28, 2) Special Revenue Ordinance Amendment #100 and 3) Capital Project Ordinance #346A.
PRIOR BOARD ACTIONS:
1) June 19, 2023, Regular Meeting, Agenda item # 23-373 - Adopted Capital Project Ordinance # 346
2) April 15, 2024, Regular Meeting, Agenda item # 24-229 - Approved FY23 5307 Urbanized Area Grant Application
BACKGROUND:
At the April 15, 2024, regular meeting the Board approved Transportation’s application for the FFY21/FY23 5307 Urbanized Area Grant Application. The grant funds cover transit capital and operating assistance in urbanized areas and for transportation-related planning. 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. The capital portion of the budget will be accounted for in the Special Revenue Fund.
Budget Amendment #28 transfers available budget of $28,060 from the General Fund to the Special Revenue Fund for additional local match needs. CPO #346A transfers local match of $100,000 from Capital Projects Fund to the Special Revenue Fund. Special Revenue Ordinance #100 appropriates the capital grant funding of $512,233 and the local match of $128,060.
FINANCIAL IMPACT:
$512,233 in grant funding, $128,060 local match.