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CABARRUS COUNTY <br />rti BOARD OF COMMISSIONERS <br />�r REGULAR MEETING <br />PTR ra MAY 18 2 <br />1 <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Finance - CCS Odell Grades 3 -5 Elementary School Budget Reclassification <br />BRIEF SUMMARY: <br />Cabarrus County Schools (CCS) would like to move funds within the Odell Grades 3 -5 <br />Elementary School construction budget. Per a CCS reconciliation of the line items, it was noted <br />that $300,000 from the $2,000,000 mediation settlement should be placed in the technology line <br />item instead of the construction line item. Also noted, $526,176 from the site development line <br />item was placed in the construction line item. The attached budget amendment corrects the line <br />items. <br />REQUESTED ACTION: <br />Motion to approve the budget amendment to <br />Grades 3 -5 Elementary School Project. <br />reclassify expenditure line items for the Odell <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Susan Fearrington, Finance Director <br />BUDGET AMENDMENT REQUIRED: <br />Yes <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a Consent item. <br />BUDGET AMENDMENT: <br />Cabarrus County Budget Amendment Request <br />Date: 4/28/2015 <br />Amount: $826,176.00 <br />Dept. Head: Susan Fearrington Department: Finance <br />loInternal Transfer Within Department "Transfer Between Departments /Funds "Supplemental Request <br />Purpose: <br />Transfer budget from Construction to Site Development and Technology expenditures per Cabarrus County School request. <br />F -5 Page 112 <br />