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August 16, 2004 Page 591 <br /> <br /> Present <br /> Account No. Approved Budget Increase <br />00169110-6920 $0.00 $351,136.00 <br />Contribution from Capital Projects Fund <br />00199110-9975 $3,694,795.00 $351,136.00 <br /> COPS Interest - Schools <br /> <br />Decrease <br /> <br />Revised Budget <br /> <br />$351,136.00 <br /> <br />$4,045,931.00 <br /> <br /> BUDGET REVISION/AMENDMENT REQUEST <br />DEPARTMENT OF FINANCE <br />AMOUNT: $351,136.00 <br />TYPE OF ADJUSTMENT: Supplemental Request <br />PURPOSE OF REQUEST: To increase the Certificates of Participation Series 2002 <br />Construction Fund for additional interest income. This will also increase <br />the Contribution to the General Fund for payment of semi-annual debt. <br /> <br /> Present <br />Account No. Approved Budget Increase <br />36160000-6705 $63,599.00' $351,599.00 <br />Interest Income <br />36190000-9704 $63,599.00 $351,136.00 <br /> Contribution to General Fund <br /> <br />Decrease <br /> <br />Revised Budget <br /> <br />$414,735.00 <br /> <br />$414,735.00 <br /> <br />(F-4) Budget ~_e~__~.ent - Certificates of Participation, Series 2003 <br /> UPON MOTION of Commissioner Privette, seconded by Commissioner Carruth <br />and unanimously carried, the Board adopted the following budget amendments: <br /> <br /> BUDGET REVISION/AMENDMENT REQUEST <br />DEPARTMENT OF FINANCE <br />AMOUNT: $4,128.00 <br />TYPE OF ADJUSTMENT: Supplemental Request <br />PURPOSE OF REQUEST: To increase the Contribution from the Capital Projects <br />Fund. These funds are from the Certificates of Participation Series 2003 and <br />will be used to make a semiannual debt payment as required by our COPS III <br />financing agreement with SouthTrust Bank. <br /> <br /> Present <br /> Account No. Approved Budget Increase <br />00169110-6920 $351,136.00 $4,128.00 <br />-Contribution from Capital Projects Fund <br />00199110-9975 $4,045,931.00 $4,128.00 <br /> COPS Interest - Schools <br /> <br />Decrease <br /> <br />Revised Budget <br /> <br />$355,264.00 <br /> <br />$4,050,059.00 <br /> <br /> BUDGET REVISION/AMENDMENT REQUEST <br />DEPARTMENT OF FINANCE <br />AMOUNT: $4,128.00 <br />TYPE OF ADJUSTMENT: Supplemental Request <br />PURPOSE OF REQUEST: To increase the Certificates of Participation Series 2003 <br />Construction Fund for additional interest income. This will also increase <br />the Contribution to the General Fund for payment of semi-annual debt. <br /> <br /> Present <br />Account No. Approved Budget <br />36260000-6705 $325,724.00 <br />Interest Income <br />36297322-9704 $965,824.00 <br /> Contribution to General Fund <br /> <br />Increase Decrease <br /> <br />$4,128.00 <br />$4,128.00 <br /> <br />Revised Budget <br /> <br />$329,852.00 <br />$969,952.00 <br /> <br />(F-5) Budget Amendment - Certificates of Participation, Series 2003 <br /> UPON MOTION of Commissioner Privette, seconded by Commissioner Carruth <br />and unanimously carried, the Board adopted the following budget amendment: <br /> <br /> BUDGET REVISION/AMENDMENT REQUEST <br />DEPARTMENT OF FINANCE <br />AMOUNT: $2,084,575.00 <br />TYPE OF ADJUSTMENT: Transfer between Departments/Funds <br />PURPOSE OF REQUEST: For accounting monitoring purposes of school construction <br />costs, it has been decided to segregate the construction costs and the debt <br />financing costs. These financing costs will be placed into a separate <br />department. Also, several llne items have been adjusted to reflect the <br />awarded contract amounts and the excess funds placed in a contingency line <br />item. The contingency will not be used until the Board of Commissioners <br />awards these funds to other COPS III school cost or for future debt service. <br /> <br /> <br />