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■V Cabarrus <br />"County Schools <br />TO: Pam Dubois <br />FROM: Kelly H. Kluttz, CPA <br />RE: Request to move funds for Odell Elementary <br />DATE: April 29, 2015 <br />Cabarrus County Schools would like to move funds within the Odell Elementary School <br />construction budget. Cabarrus County Schools is not requesting additional funds. The <br />request is to move funds within the currently allotted <br />In reconciling the county records to the school system records, there was a discrepancy <br />noted. The county recorded the entire $2,000,000 from mediation into the construction <br />account. The school system recorded $1,700,000 in the construction account and <br />$300,000 in the technology account. The following entry is necessary to reconcile. <br />Current Budget <br />Odell Grades 3 -5 Elementary - Technology (9662) <br />Odell Grades 3 -5 Elementary - Construction (9820) <br />600,000.00 <br />Amendment <br />300,000.00 <br />New Budget <br />900,000.00 <br />17,195,641.00 (300,000.00) 16,895,641.00 <br />17,795,641.00 - 17,795,641.00 <br />In addition, last month funds were moved from the site development account in error. <br />Those funds need to be restored because the expense has already been incurred for the <br />demolition of the old school. <br />Current Budget Amendment New Budget <br />Odell Grades 3 -5 Elementary — Site Development (984 526,176.00 526,176.00 <br />Odell Grades 3 -5 Elementary — Construction (9820) 17,195,641.00 (526,176.00) 16,669,465.00 <br />17,195,641.00 17,195, 641.00 <br />Thank you for considering this request. Please let me know if you need any additional <br />information that may influence your decision. <br />Attachment number 1 <br />F -5 <br />Page 114 <br />