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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />1� <br />p TBcA�a 11ir� FEB RUARY <br />jr f�iffJfl�� <br />6: 30 P .M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Finance - Construction and Renovation Project Ordinance Update and <br />Related Budget Amendment <br />BRIEF SUMMARY: <br />The Construction and Renovation Capital Projects Fund shifted <br />expenditure funds between projects to compensate for cost overages in <br />some projects and cost shortages in others. The expenditure budgets <br />have been corrected and now with the approval of the enclosed budget <br />amendment, the corresponding revenues related to the projects will equal <br />the expenditure budgets. The Construction and Renovation Project <br />Ordinance has also been updated and included to match the changes in <br />the projects. The Project Ordinance has also been increased by $350,000 <br />to reflect a budget amendment that was approved on the November 19, <br />2012 BOC agenda for the award of a PARTF Grant for the Rob Wallace <br />Park. The Project Ordinance was not updated at that time. <br />REQUESTED ACTION: <br />Motion to approve the Construction and Renovation Project Ordinance <br />and the related Budget Amendment <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Susan B. Fearrington, Assistant Finance Director <br />BUDGET AMENDMENT REQUIRED: <br />Yes <br />F -4 Page 76 <br />