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CABARRUS COUNTY SMALL PROJECTS <br />CAPITAL PROJECT ORDINANCE <br />BE IT ORDAINED, by the Board of County Commissioners of the County of Cabarrus, North <br />Carolina 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 purpose of accumulating and appropriating general fund <br />revenues and federal and state grants funds received specifically for use by the <br />appropriate Cabarrus County Department who has received the funds. <br />B. The officers of this unit are hereby directed to proceed with this capital project within the <br />terms of the guidelines as set forth by the federal and state government, Generally <br />Accepted Accounting Principles (GAAP) and the budget contained herein. <br />C. It is estimated that the following revenues will be available to complete capital projects as listed: <br />Board of Elections Department <br />Interest on Investments <br />$ 33,200 <br />Contribution from General Fund <br />$ 25,621 <br />Contribution from Capital Reserve <br />$ 150,000 <br />Contribution from General Fund <br />$ 208,821 <br />Register of Deeds Department: <br />Interest on Investments <br />Register of Deeds Fees <br />$1,146,662 <br />Interest on Investments <br />$ 37,303 <br />Contribution from General Fund <br />$ 77,504 <br />$1,261,469 <br />Soil and Water Department: <br />65,062 <br />ADFP Grant <br />$ 89,600 <br />Clean Water Trust Fund Grant <br />$ 521,833 <br />Clarke Creek Grant <br />$ 49,800 <br />EEP Contract <br />$ 16,900 <br />Operating Revenues (Fees, Donations) <br />$ 10,807 <br />Porter Project <br />$ 525,000 <br />Porter Project2 <br />$ 684,338 <br />Contribution from General Fund <br />$ 125,000 <br />Deferred Farm Tax Collections <br />$ 125,000 <br />Interest on Investments <br />$ 1,700 <br />$2,149,978 <br />Commerce Department: <br />NC Tobacco Trust Fund — Site Development <br />$ 75,000 <br />Cooperative Extension Department <br />ADFP Grant <br />$ <br />675,000 <br />Contribution from Capital Reserve <br />$ <br />400,000 <br />Contribution from General Fund <br />$ <br />611,178 <br />Interest on Investments <br />342 <br />$1,686,520 <br />Elma C. Lomax Farm Project: <br />Deferred Farm Tax Collections <br />$ <br />65,062 <br />Deferred Farm Tax Interest on Investments <br />$ <br />8,941 <br />Contribution from General Fund <br />$ <br />197,229 <br />Donations — Cannon Trust <br />$ <br />152,600 <br />Attachment number 1 <br />F -4 Page 75 <br />