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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 within <br />the terms of the Generally Accepted Accounting Principles (GAAP) and the budget <br />contained herein. <br />a. It is estimated that the following revenues will be available to complete capital <br />projects as listed. <br />General Fund Contribution $4,948,299 <br />Capital Reserve Contribution 27,553,915 <br />Capital Projects Fund Contribution 2,753,931 <br />TOTAL REVENUES $35,256,145 <br />C. The following appropriations are made as listed. <br />Odell Grades 3 -5 Elementary School <br />$22,516,035 <br />Northwest Middle School Roof <br />885,470 <br />Rocky River Elementary School Roof <br />599,904 <br />Winecoff Elementary School Roof <br />655,571 <br />Mt. Pleasant High School Roof <br />638,894 <br />Jay M. Robinson High School Roof <br />1,146,752 <br />Early College Site at RCCC <br />727,960 <br />Kannapolis Intermediate Renovations - Carver Elem <br />850,000 <br />CBTC Campus Renovations, Safety, Security <br />184,075 <br />CBTC A/C Units Replacement Phase II <br />105,000 <br />School Land Banking <br />5,145,000 <br />Concord Middle School Roof <br />884,359 <br />Harrisburg Elementary School Roof <br />917,125 <br />TOTAL EXPENDITURES $35,256,145 <br />GRAND TOTAL — REVENUES $35,256,145 <br />GRAND TOTAL — EXPENDITURES $35,256,145 <br />Section II. <br />A. Special appropriations to non - profit organizations shall be distributed after the <br />execution of an agreement which ensures that all County funds are used for <br />statutorily permissible public purposes. <br />Attachment number 8 \n <br />F -5 Page 64 <br />