HomeMy Public PortalAbout01-03-2002 Special Session
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MINUTES
mLLSBOROUGH TOWN BOARD SPECIAL MEETING
January 3, 2002
6:30 PM, Town, Barn
The Hillsborough Town Board held a Special Meeting on January 3, 2002 at 6:30 PM in the
Hillsborough Town Barn for the Purposes of Considering Budget Amendments. Present for the
Board Meeting were Mayor Joe Phelps, and Commissioners Mark Sheridan, Evelyn Lloyd,
Frances Dancy, Kenneth Chavious, and Michael Gering. Staff present was Town Manager Eric
Peterson and Assistant Town Manager/Public Works Director Demetric Potts.
1. Call to Order
Mayor Joe Phelps called the meeting to order at 6:26 PM.
Assistant Town Manager/Public Works Director Demetric Potts gave the Board an update on the
snow removal progress.
2. Agendfl Changes & Approval
By consensus, the Board approved the printed Agenda as presented.
3. Consider Approval of Budget Amendments to Fund the Remaining Anticipated Expenditures
for the West Fork on the Eno River Reservoir
Town Manager Eric Peterson presented the Budget Amendments for the Board's consideration.
Upon a motion by Commissioner Chavious, seconded by Commissioner Lloyd, the Board moved
to approve the Budget Amendments to Fund the Remaining Anticipated Expenditures for the
West Fork on the Eno River Reservoir as presented by a vote of 5-0. The motion was declared
passed. A copy of the Budget Amendments are hereby made a part of these official Minutes as
an Attachment.
4. Other
There was no other business.
5. Adjourn
Upon a motion by Commissioner Dancy, seconded by Commissioner Chavious, the Board
moved to adjourn at approximately 7:00 PM by a vote of 5-0. The motion was declared passed.
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Donna F. Armbrister, CMC
Town Clerk
Town
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BUDGET AMENDMENTS
JANUARY. 2002
1. WATER FUND
REVENUES:
30-3990-000 Fund Balance Appropriated
BEFORE
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AFTER ADJ.
$148360
$395511
$543871
EXPENDITURES:
30-8120-732 Water Plt.-Reservoir/Land Purchase $
-0-
$395.511
$395.511
To fund partial balance due for the Crabtree/Holloway Reservoir Land Purchase.
2. CAPITAL RESERVE FUND
. REVENUES:
70-3290-000 Interest Earned $ -0- $ 40,323 $ 40,323
70-3360-000 Contributions/Developers -0- $ 382,445 $ 382,445
$ -0- $422 768 $422 768
EXPENDITURES:
70-6900-730 Capital Improvements $ -0- $422 768 $ 422.768
To set up budget amounts for the Capital Reserve Fund
APPROVED: #/-tJ3-~~
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VERIFIED: ~d/r/~~A
Donna F. Armbrister, Town Clerk
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137 North Clwrton Street · P.O. Box 429 · HillaboroUl!h. North Carolina 27278