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Cornelius Urban Renewal Agency adopts Supplemental Budget No. 2 to adjust FY2025-26 appropriations
Summary
The Cornelius Urban Renewal Agency Board on May 4, 2026 unanimously approved Resolution No. 2026-02 (Supplemental Budget No. 2), which reallocates revenues and increases contingency to cover facility maintenance and professional services while leaving total expenditures unchanged.
On May 4, 2026, the Cornelius Urban Renewal Agency Board unanimously adopted Resolution No. 2026-02, approving Supplemental Budget No. 2 to amend the Fiscal Year 2025-2026 budget. Ellie Jones, assistant city manager for business operations, introduced the item and said the supplemental budget reflects increased revenue, reallocations of expenditures, and adjustments tied to facility maintenance and professional services for urban renewal activities.
Member Gregory Vaughn moved to approve the resolution; Vice-Chair Angeles Godinez Valencia seconded. The minutes record the motion text: "A RESOLUTION OF THE CORNELIUS URBAN RENEWAL AGENCY BOARD AUTHORIZING APPROPRIATIONS AMENDING THE FISCAL YEAR 2025-2026 BUDGET (SUPPLEMENTAL BUDGET NO. 2), and this action takes effect immediately." With no further discussion, the board voted 4-0 to adopt the resolution.
According to the record, the supplemental budget increases reported revenues and contingency while keeping total expenditures unchanged. The minutes identify facility maintenance and professional services as areas affected by reallocations, but they do not list dollar amounts or departmental line-item changes. Ellie Jones offered to answer questions but none were asked during the meeting.
The resolution takes effect immediately as recorded in the motion. No follow-up hearings or additional actions were scheduled in the minutes; the meeting adjourned at 7:07 PM.
