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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />`* 1 <br />�A �1 JANUARY 22,2013 <br />1 P .M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Finance - Qualified School Construction Bonds (QSCB) Reallocation for <br />Kannapolis City Schools $1,855.63 <br />BRIEF SUMMARY: <br />The Kannapolis City School Finance staff are requesting a $1,855.63 <br />reallocation of funds. The Jackson Park Elementary HVAC project has <br />experienced some cost overruns. There are funds available to cover the <br />overage in the Kannapolis Intermediate HVAC project. The Kannapolis City <br />School Board will discuss this the change on January 14, 2013. <br />REQUESTED ACTION: <br />Motion to approve /disapprove the $1,855.63 QSCB reallocation from the <br />Kannapolis City School HVAC project to the Jackson Park Elementary HVAC <br />project subject to approval by the Kannapolis City School Board. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Will Crabtree, Director of Business Operations, Kannapolis City Schools <br />BUDGET AMENDMENT REQUIRED: <br />Yes <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />F -3 Page 33 <br />