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CABARRUS COUNTY <br />BOARD OF • • <br />* <br />REGULAR <br />¢ TN eAR° �jr SEPTEMBER 1 <br />� / <br />1 P .M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />County Manager - KCS Request for Lump Sum Technology Funding <br />BRIEF SUMMARY: <br />Kannapolis City Schools (KCS) is requesting to receive all of their <br />technology funding in a lump sum payment versus a 1/12 allocation on a <br />monthly basis throughout the fiscal year. Lease payments are due in July <br />and August of each year. The total funding for technology is $378,078. <br />The majority of this funding is for the lease payments. The monthly <br />installments put the school district in a bind from a cash flow perspective <br />which could be alleviated by the lump sum. <br />REQUESTED ACTION: <br />Motion to approve a lump sum allocation of technology funds for <br />Kannapolis City Schools at the beginning of each fiscal year in July. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Pamela S. Dubois, Senior Deputy County Manager <br />BUDGET AMENDMENT REQUIRED: <br />No <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a <br />Consent item. <br />F -1 Page 49 <br />