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AG 2016 09 19
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AG 2016 09 19
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Last modified
9/20/2016 11:20:23 AM
Creation date
11/27/2017 10:34:58 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
9/19/2016
Board
Board of Commissioners
Meeting Type
Regular
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CABARRUS COUNTY SCHOOL CONSTRUCTION DEBT FUND <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 />C. It is estimated that the following revenues will be available to complete capital <br />projects as listed. <br />Capital Reserve Contribution <br />General Fund Contribution <br />Limited Obligation Bonds <br />Public School Building - Lottery funds <br />Interest Income <br />TOTAL REVENUES <br />D. The following appropriations are made as listed. <br />Royal Oaks Elementary School <br />Mt. Pleasant Middle School <br />Kannapolis Middle School <br />Legal Fees /Closing Costs <br />TOTAL EXPENDITURES <br />GRAND TOTAL — REVENUES <br />GRAND TOTAL — EXPENDITURES <br />Section II. <br />A. Special appropriations to non - profit organizations <br />execution of an agreement which ensures that <br />statutorily permissible public purposes. <br />$6,821,366 <br />1,336,500 <br />84,944,452 <br />1,600,000 <br />18,818 <br />$94,721,136 <br />$22,076,480 <br />33,870,692 <br />38,033,594 <br />740,370 <br />$94,721,136 <br />$94,721,136 <br />$94,721,136 <br />shall be distributed after the <br />all County funds are used for <br />B. The County Manager or designee is hereby authorized to transfer appropriations <br />within or between funds, or modify revenue and expenditure projections as contained <br />herein under the following conditions: <br />1. The Manager may transfer amounts between objects of expenditure and <br />revenues within a function without limitation. <br />2. The County Manager may transfer amounts up to $500,000 between functions of <br />the same fund. <br />Attachment number 3 \n <br />F -10 Page 123 <br />
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