FY2018 Recommended Budget

TOWN OF MORRISVILLE * 100 TOWN HALL DRIVE * MORRISVILLE, NC 27560

CAPITAL PROJECT ORDINANCE 2017-116

THE MORRISVILLE TOWN COUNCIL ESTABLISHING THE SIDEWALK & PEDESTRIAN ENHANCEMENT CAPITAL PROJECT

BE IT ORDAINED by the Morrisville Town Council that, pursuant to NC General Statute 159-132, the following capital project ordinance is hereby adopted establishing the Sidewalk & Pedestrian Betterment Capital Project Ordinance Section 1: The project authorized is for the purpose to design and construct sidewalk and/or other pedestrian connectivity betterments throughout the Town by addressing identified gaps and other safety issues:

Section 2: The Town Manager is hereby directed to proceed with the capital project within the terms of the budget contained herein.

Section 3: The following amounts are appropriated for the project: Budgeted Expenditures

Appropriation

Design & Construction Future Betterments

378,000 325,000 $703,000

Airport Boulevard Sidewalk Bike/Ped STIP NCDOT Reimbursable Grant

Total

Section 4: The following revenues are anticipated to be available to complete this project: Budgeted Revenues

Appropriation

Transfer from General Fund

100,000 278,000 65,000 260,000 $703,000

Prior Year Carryover from General Fund Town Match NCDOT Reimbursable Grant

Airport Boulevard Sidewalk Bike/Ped STIP NCDOT Reimbursable Grant

Total

Section 5: The Town manager may make interfund Loans as necessary for cash flow needs pending receipt of debt proceeds or reimbursement grants or agreements. Such transactions will comply with financial reporting requirements.

Section 6: The Finance Officer is hereby directed to maintain within the Capital Project Fund sufficient specific detailed accounting records to satisfy the requirements of the financing agreement(s).

Section 7: The Town Manager has the authority to transfer funds; both expenditures and revenues, between accounts listed in Sections 3 and 4 as may be necessary, provided however that the total expenditures may not exceed the project total without amendment by this Council.

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