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CABARRUS COUNTY <br /> 1rn <br /> BOARD OF COMMISSIONERS <br /> REGULAR MEETING <br /> FEBRUARY 20, 2017 <br /> 6:30 P.M. <br /> AGENDA CATEGORY: <br /> Consent Agenda <br /> SUBJECT: <br /> KCS - Request for Capital Allotment to Cover Increased Costs of Charter <br /> School Students and Funding Loss Due to Statutory ADM Allocation Change <br /> BRIEF SUMMARY: <br /> Kannapolis City Schools has submitted a request for the County to provide an <br /> additional allotment of capital funds ($601 ,800) to cover the rising cost in <br /> charter school students ($326,800) and the loss of revenues ($275,000) due <br /> to changes in student growth between the two school districts. A memo is <br /> attached detailing the request. Funds are available in the commissioners <br /> contingency to meet this request. This is a one year fix for FY 2017. <br /> REQUESTED ACTION: <br /> Motion to authorize the Finance Director to prepare the appropriate budget <br /> revision to transfer these funds from the Commissioners contingency the <br /> Kannapolis City Schools capital outlay/current expense. <br /> EXPECTED LENGTH OF PRESENTATION: <br /> SUBMITTED BY: <br /> Will Crabtree, Kannapolis City Schools <br /> BUDGET AMENDMENT REQUIRED: <br /> Yes <br /> COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br /> This item was approved by the Board for inclusion on the Agenda as a <br /> F-8 Page 89 <br />