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

CAPITAL INVESTMENT BUDGET ORDINANCE 2019-100-B

BE IT ORDAINED

by the Town Council of the Town of Morrisville, North Carolina that the following

anticipated Capital Investment revenues and project appropriations are hereby adopted for the operation

of the Town government and its activities relating to the specified capital projects for the Fiscal Year

beginning July 1, 2019.

SECTION 1:

The capital projects authorized by this ordinance are for the purpose designated by each

project scope provided within and relate to advancing Capital Investment Program projects and other

capital needs that are not included in the Annual Operating Budget Ordinance.

SECTION 2:

The Town Manager is hereby directed to proceed with the capital projects within the terms

of the budgets contained herein.

SECTION 3:

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 4:

The Town Manager has the authority to transfer funds; both expenditures and revenues,

between accounts within the same fund as listed in Section 3 as may be necessary, provided however that

the total expenditures may not exceed the project total without amendment by this Council.

SECTION 5:

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 6:

All purchasing policies and laws, as related to the acquisition, design and construction or

purchase of the above capital investment projects, remain in full force and effect.

SECTION 7:

Utilization of Capital Investment Budget Ordinance – This ordinance shall be the basis of

the financial plan for capital investments projects for the Morrisville municipal government during the

2020 Fiscal Year. The above revenue and expenditure authorizations shall extend from year to year until

each individual project is complete.

SECTION 8:

Statutory Definition of Project Ordinance – This Capital Investment Budget Ordinance is

adopted in conformance with Section 159-13.2 of the Local Government Budget and Fiscal Control Act.

SECTION 9:

Other Transfers and Adjustments – The following special transfers and/or adjustments are

occurring through approval of the Fiscal Year 2020 capital budget.

SECTION 10:

Copies of this capital project ordinance shall be furnished to the Town Clerk, Finance

Officer, and the Budget Officer for direction in carrying out the project.

SECTION 11:

The following amounts are anticipated and appropriated for the capital projects identified

below: