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CABARRUS COUNTY SCHOOL CONSTRUCTION PROJECT <br />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 construction and renovations of Public Schools <br />Details of the projects are listed in section D. of this Project Ordinance. <br />B. The officers of this unit are hereby directed to proceed with this capital project <br />within the terms of the Generally Accepted Accounting Principles (GAAP) and the <br />budget contained herein. <br />a. It is estimated that the following revenues will be available to complete <br />capital projects as listed. <br />General Fund Contribution $4,948,299 <br />Capital Reserve Contribution $19,755,175 <br />Capital Projects Fund Contribution $2,753,931 <br />TOTAL REVENUES $27,457,405 <br />C. The following appropriations are made as listed. <br />Odell Grades 3 -5 Elementary School $22,516,035 <br />Northwest Middle School Roof $981,732 <br />Rocky River Elementary School Roof $708,370 <br />Winecoff Elementary School Roof $733,320 <br />Mt. Pleasant High School Roof $638,894 <br />Jay M. Robinson High School Roof $1,151,094 <br />Early College Site at RCCC $727,960 <br />TOTAL EXPENDITURES $27,457,405 <br />GRAND TOTAL — REVENUES $27,457,405 <br />GRAND TOTAL — EXPENDITURES $27,457,405 <br />Attachment number 1 \n <br />F -8 Page 179 <br />