Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Farragut approves first reading of ordinance to roll forward Campbell Station Inn design costs
Summary
On first reading the board approved Ordinance 26-07 to amend the FY2025-26 capital improvement program to roll forward Campbell Station Inn design costs; Finance Director Tessa Cortez said the CIP expenditures will be adjusted to reflect the design invoices.
On April 9 the Farragut Board approved on first reading Ordinance 26-07, amending the town's fiscal year 2025-2026 capital improvement program fund budget to roll forward design costs for the Campbell Station Inn renovation.
Finance Director Tessa Cortez presented the item: "The town received invoices in fiscal year 25 and 26 for design costs for the Campbell Station Inn renovation project in which the budget for design needs to be rolled forward to the fiscal year 2025-2026 budget." She said the capital improvement program expenditures will be amended "to increase expenditures from $25,884.92 to $25,018,709.92 reflecting an increase in $17,825." Board members had no substantive questions about the item.
The board approved the ordinance on first reading by roll call vote (Vice Mayor Meyer; Aldermen Burnett, Cain, LaCroix; Mayor Williams), and the clerk recorded the approval at approximately 6:18 p.m.
As a first-reading approval, the amendment will return for a subsequent reading or other required steps before the budget change is final.
