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CABARRUS COUNTY <br /> 1792 <br /> BOARD OF COMMISSIONERS <br /> r ' <br /> REGULAR MEETING <br /> O <br /> FEBRUARY 20, 2017 <br /> 6:30 P.M. <br /> AGENDA CATEGORY: <br /> Consent Agenda <br /> SUBJECT: <br /> CCS - Mount Pleasant Middle School Funding Transfer for Technology <br /> and Moving Expenses <br /> BRIEF SUMMARY: <br /> As Cabarrus County Schools (CCS) prepares to open Mount Pleasant <br /> Middle School in August 2017, the final Capital Reserve funding is needed <br /> for technology ($268,308) and moving ($50,000) expenses. The funds <br /> were approved by the Commissioners during the FY17 budget process <br /> and have remained in the Capital Reserve Fund. <br /> REQUESTED ACTION: <br /> Motion to approve the transfer of technology ($268,308) and moving <br /> expenses ($50,000) from the Capital Reserve Fund to the Construction <br /> Debt Capital Project Fund for the Mount Pleasant Middle School project <br /> and authorize the Finance Director to prepare the appropriate budget <br /> revision and related Capital Project Ordinance. <br /> EXPECTED LENGTH OF PRESENTATION: <br /> SUBMITTED BY: <br /> Susan Fearrington, Finance Director <br /> BUDGET AMENDMENT REQUIRED: <br /> Yes <br /> COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br /> F-3 Page 57 <br />