TO: Mayor and Members of City Council
THRU: Jeffery Yates, Assistant City Manager
FROM: Tiffany Murray, Chief Financial Officer
Kimberly H. Leonard, NCLGBO, NCLGFO, CPA, MPA, Budget and Evaluation Director
DATE: June 23, 2025
RE:
Title
Adoption of Capital Project Ordinance Amendment 2025-55 and Special Revenue Project Ordinance Amendment to appropriately adjust and fund transit project appropriations to align with grant funding updates.
end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
Goal 5: The City of Fayetteville will be a financially sound city providing exemplary city services.
Executive Summary:
As part of the year-end process, the Council is asked to adopt Capital Project Ordinance Amendment 2025-55 to adjust Transit Grant Project income and expenditure appropriations for Federal Transit Authority Grants, during the period 2013 - 2021, and add additional funding to some. The grants were previously approved, and funding was appropriated for each respective project, but the anticipated funding has changed, and CPOA 2025-55 adjust the appropriations to align with the grant funding updates.
Background:
As part of the preparation for year-end, there are several financial "clean-up" items that must be addressed to ensure accurate and compliant reporting. As part of this process, the City is reviewing and adjusting project and grant budgets to align expenditures with actual revenues, close out completed projects, and update appropriations based on revised funding levels. These adjustments are a routine part of the year-end process and are essential for a smooth financial close and audit preparation.
The City of Fayetteville receives grant funds from the Federal Transit Authority on an annual basis. These funds support the transit operating budget and provide funds for various capital projects such as buses, equipment, education, and planning.
Issues/Analysis:
None
Budget Impact:
No impa...
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