Cabarrus County Comprehensive Annual Financial Report

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Capital Projects Funds The Capital Projects Funds are used to account for the acquisition and construction of major capital facilities other than those financed by proprietary funds and trust funds Public School Building – collects State public school funds and lottery proceeds and disbursing the funds for smaller non-debt school capital projects. Justice Center Construction Fund – This fund accounts for the planning, design and construction of a Jail Annex Building, Sheriff’s Administration Building and a Jail Housing Unit. Construction and Renovations – constructs, renovates and equips larger Capital projects for the County through the use of debt and non-debt sources. School Construction – This fund accounts for planning, design, construction and/or renovation of schools with Certificates of Participation, Lottery proceeds and contributions from the General and Capital Reserve funds. 2009 School Construction – accounts for the construction and renovation of schools for the Cabarrus County School system through the use of non-debt Capital Reserve funds. Capital Reserve – maintains funds for future County and School capital projects. Utility – maintains funds for future County utility projects. Small Projects – collects and appropriates general fund revenues and federal and State grant funds received specifically for use by the appropriate Cabarrus County Department who has received the funds. Adequate Facilities – through special legislative authority, collects and appropriates voluntary mitigation fees for school facilities, land, architect, improvements or furniture and fixtures at the direction of the Cabarrus County Board of Commissioners. Cannon Memorial Library – collects and appropriates contributions and private donations received specifically for the Cabarrus County libraries to purchase books or to use on library programs and projects.