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CABARRUS COUNTY CAPITAL RESERVE
<br /> CAPITAL PROJECT BUDGET ORDINANCE
<br /> BE IT ORDAINED by the Board of Commissioners of Cabarrus County, North Carolina
<br /> that, Pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the
<br /> following capital project ordinance is hereby adopted:
<br /> Section I.
<br /> A. The project authorized is for the purpose of accumulating and appropriating funds
<br /> specifically for future County and School capital projects.
<br /> B. The officers of this unit are hereby directed to proceed with this capital project within
<br /> the terms of the Generally Accepted Accounting Principles (GAAP) and the budget
<br /> contained herein.
<br /> C. It is estimated that the following revenues will be available to complete capital
<br /> projects as listed.
<br /> Contributions from General Fund $69,336,508
<br /> Contributions from CVB 573,771
<br /> Contribution from Capital Projects Fund 6,600
<br /> Interest on Investments 415,142
<br /> TOTAL REVENUES $70,332,021
<br /> D. The following appropriations are made as listed:
<br /> Cabarrus County Schools mobile units (20) FY17 2,400,000
<br /> Cabarrus County Schools yellow buses (10) FY17 880,000
<br /> Kannapolis City Schools yellow buses (5) 441,739
<br /> Performance Learning Center 219,000
<br /> Mt. Pleasant Middle School 3,627,164
<br /> Royal Oaks Elementary 2,611,840
<br /> Kannapolis Middle School 4,658,339
<br /> Odell 3-5 Elementary School 19,755,175
<br /> New High School-Weddington Road 8,086,495
<br /> Kannapolis Intermediate Renovation(Carver) 1,520,978
<br /> CBTC Campus Renovations, Safety, Security 184,075
<br /> CBTC A/C Unit Replacement Phase II 105,000
<br /> New CCS Elementary School 1,157,751
<br /> Concord Middle School Roof 884,359
<br /> Harrisburg Elementary School Roof 630,306
<br /> R. Brown McAllister School 30,000
<br /> RCCC—Advanced Technology Center 1,580,396
<br /> Community College Renovations 280,043
<br /> Cabarrus County Schools— Buses FY16 875,000
<br /> Cabarrus County Schools— Mobile Units FY16 1,110,000
<br /> School Contingency 2,345,448
<br /> Tax Collector's Office Renovation 9,116
<br /> Frank Liske Park Overflow Parking Lot 24,908
<br /> Training & Firing Range Renovations 50,000
<br /> Public Safety Training Center 75,000
<br /> Carolina Thread Trail 50,000
<br /> Downtown Parking Deck 420,000
<br /> FLP—Western Playground Restroom Facility 375,000
<br /> Attachment number 6\n
<br /> F-3 Page 77
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