March 10, 2020Asheville City Council
From the minutes, not yet reviewedWhat it does
Makes technical changes to the budget.
- Passed with the routine items, in one vote, without discussion.
- Why it matters: The budget is the City's spending plan. An amendment adds money or moves it to a new use.
More from the minutes
- “After discussions with the City’s Controller, staff are recommending that the affordable housing loans be budgeted and accounted for in the City’s Housing Trust Fund in order to better track all of the loan receivables that are part of the City’s affordable housing loan program.”
- “Improves accounting and reporting by consolidating all affordable housing loans in one single fund.”
Official title: Technical budget amendment to budget $5.0 million in 2016 General Obligation Bond funding in the City’s Housing Trust Fund
Carried unanimously, as part of the consent agenda
From the minutes: This motion was seconded by Councilwoman Mayfield and carried unanimously.
Read the motion as recorded
“ORDINANCE NO. 4793 - TECHNICAL BUDGET AMENDMENT TO BUDGET $5.0 MILLION IN 2016 GENERAL OBLIGATION BOND FUNDING IN THE CITY’S HOUSING TRUST FUND”
Open the minutesConsent agenda, item E