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CABARRUS COUNTY <br /> 1792 <br /> BOARD OF COMMISSIONERS <br /> ir REGULAR MEETING <br /> SEPTEMBER 18, 2017 <br /> 6:30 P.M. <br /> AGENDA CATEGORY: <br /> Consent Agenda <br /> SUBJECT: <br /> Finance - Project Ordinance Update - Construction and Renovation Fund <br /> BRIEF SUMMARY: <br /> Per the Construction and Renovation Project Ordinance Section II. B. 2., <br /> the County Manager may transfer amounts up to $500,000 between <br /> functions within the same fund. This authority allows the Manager to <br /> approve a budget amendment without Board action. During August <br /> 2017, a budget amendment was prepared by staff and approved by the <br /> County Manager transferring $475.68 from the Construction and <br /> Renovation available funds to the Senior Center Parking Lot budget. The <br /> $475.68 represents closing costs for the purchase of land located at the <br /> Concord Senior Center. For administrative purposes, the Project <br /> Ordinance details have been updated for this transfer of funds and is <br /> included for the Chairman of the County Commissioner's signature. <br /> REQUESTED ACTION: <br /> Motion to approve the revised Project Ordinance for the Construction and <br /> Renovation Fund and authorize the Chairman to sign the ordinance. <br /> EXPECTED LENGTH OF PRESENTATION: <br /> SUBMITTED BY: <br /> Susan Fearrington, Finance Director <br /> BUDGET AMENDMENT REQUIRED: <br /> No <br /> F-5 Page 46 <br />