FY23 FULL BUDGET REPORT ADOPTED

3. May recognize and appropriate all insurance claim reimbursements received along with fees for the disposal of assets and direct said funds back to the affected department. D. Inter-fund Loan Authorization 1. May make inter-fund loans as necessary to meet cash flow needs for approved capital project ordinances for working capital purposes pending receipt of debt proceeds, awarded grant reimbursements or other agreements. Section 19. Utilization of Budget Ordinance A. This ordinance shall be the basis of the financial plan for theMorrisvilleMunicipal Government during Fiscal Year 2023. The Town Manager/Budget Officer shall administer the Budget and ensure that operating officials are provided guidance and sufficient details to implement their appropriate portion of the Budget. B. The Finance Department shall establish and maintain all records, which are in consonance with this Budget Ordinance and the appropriate Statutes of the State of North Carolina. Section 20. Re-appropriation of Funds Encumbered in FY 2022 Operating funds encumbered on the financial records as of June 30, 2022, are hereby re-appropriated to Fiscal Year 2023.

Adopted this 14 th day of June 2022.

______________________________

TJ Cawley, Mayor

ATTEST:

______________________________

Eric W. Smith II, Town Clerk

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