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Cabarrus County Budget Amendment Request <br /> Date: 6/19/2017 Amount: $245,000.00 <br /> Dept. Head: Susan Fearrington Department: Construction & Renovation <br /> ❑Internal Transfer Within Department ❑Transfer Between Departments/Funds 271 Supplemental Request <br /> Purpose: <br /> This Budget Amendment records the remaining portion of the Thompson Land purchased for Rob Wallace Park. Cash payments <br /> were made in February 2017 in the amount of $266,029.52 and a lease agreement was signed for $245,000 to be paid during <br /> FY18 to FY22. The total cost of the land is $511,029.52. For accounting purposes the amount of the debt service is required to <br /> be recorded as an expenditure and proceeds from lease in the year of acquisition. This budget amendment records the <br /> transaction in the multi-year Construction and Renovation Fund. <br /> Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget <br /> 34398140-9801-0618 Land Acq - Rob Wallace $3,823,588.83 $245,000.00 $4,068,588.83 <br /> 34368140-6905-0618 Proceeds fr Lease RWP $3,421,393.83 $245,000.00 $3,666,393.83 <br /> Total <br /> Budget Officer County Manager Board of Commissioners <br /> O Approved O Approved O Approved <br /> O Denied O Denied O Denied <br /> Signature Signature Signature <br /> Date Date Date <br /> Attachment number 8\n <br /> G-2 Page 189 <br />