title
Ordinance Making Appropriations to the Capital Projects Funds for the Fiscal Year Beginning July 1, 2026
body
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Department: |
Finance & Budget |
Meeting Date: |
6/16/2026 |
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Contact Name: |
Laura Mortell |
Public Hearing: |
Yes |
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Contact Phone: |
910-341-5886 |
Advertising Date/Advertised By: |
5/08/2026; Star News |
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Attachments: |
Attachment #1: Capital Projects Ordinance |
PURPOSE:
The purpose of this ordinance is to make appropriations to the Capital Projects Funds for the fiscal year beginning July 1, 2026 (FY27).
BACKGROUND:
N.C.G.S. §159-8 requires local governments to operate under a balanced budget ordinance adopted and administered in accordance with the Local Government Budget & Fiscal Control Act. The budget ordinance must cover a fiscal year beginning July 1 and ending June 30.
As required by law, the City Manager’s FY27 Recommended Budget is being submitted to City Council prior to June 1 and contains an explanation of the governmental goals fixed by the budget for the fiscal year, the important features of the activities anticipated in the budget, and the reasons for stated changes from the previous year in program goals, programs, and appropriation levels.
Two ordinances making appropriations for the Fiscal Year beginning July 1, 2026, are being presented for consideration:
1) General Fund, Grant Projects, Financial Plans, Enterprise Funds, Debt Service Fund, Special Tax District, and Convention Center Fund
3) Capital Project Funds
These annual budget ordinances are, pursuant to N.C.G.S. §159-8(a), balanced when the sum of the revenues and the appropriated fund balance equals the appropriations, and, by statute, must be adopted by June 30, 2026.
budget
BUDGET IMPACT:
The presented ordinances will authorize the City’s FY27 annual budget.
recommendation
RECOMMENDATION / ACTION REQUESTED:
Approval of this ordinance is recommended.