Title
Ordinance Authorizing Additional Spending Authority Related to Opioid Settlement Funds in the Amount of $140,000 to be Provided to New Hanover County
Body
LEGISLATIVE INTENT/PURPOSE:
WHEREAS, the City and the County joined together to create a spending plan that implements education and outreach, access to services and treatment, and sustainable recovery and wellness programs to combat the opioid epidemic; and,
WHEREAS, the FY25 adopted budget ordinance included appropriations for opioid settlement funds totaling $191,957; and,
WHEREAS, the City has decided to have all future opioid settlement funds designated for the City to be appropriated to New Hanover County directly beginning July 1, 2025, and will need to appropriate all funding expected to be in receipt of in the current fiscal year, to include interest earnings, and expend these funds in full by providing the balance to New Hanover County to use as directed by the accompanying resolution; and,
WHEREAS, the amended amount to be provided to New Hanover County above the already appropriated funding, including interest earnings, is estimated at $140,000.
THEREFORE, BE IT ORDAINED:
THAT, the following appropriation is hereby made to the Opioid Settlement Fund and that the revenues are available to meet the appropriation.
OPIOID SETTLEMENT FUND
Revenue:
Interest $33,285
PSEM2210 -4INVEST -4INVESTINT-INTEREST
National Opioid Settlement $106,715
PSEM2210 -2INTERGOV -2OTGOVTS -NATLOPIOID
Expenditure:
Transfer to New Hanover County $140,000
PSEM2210 - RESTRICTED - AGENCIES - NHC