Laserfiche WebLink
CABARRUS COUNTY <br />*` <br />BOARD OF <br />REGULAR MEETING <br />SEPTEMBER 16, 2013 <br />6:30 P.M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Finance - Small Projects Fund Budget Adjustments and Updated Capital <br />Project Ordinance <br />BRIEF SUMMARY: <br />The Harvest Facility Project has been completed and a budget <br />amendment is included to adjust the revenue and expenditure budgeted <br />line items to the actual $1,686,520.00 and make a $49,814.93 contribution <br />to the General Fund for excess funds. <br />The Elma C. Lomax Farm operations have been recorded in the General <br />Fund. A budget amendment is included to adjust the revenue and <br />expenditure line items to the actual Farm Budget of $447,465.09. Capital <br />related expenditures will remain in the Small Projects Fund. <br />Deferred Tax and Deferred Tax Interest is recorded in the Small Projects <br />Fund. In the past, $82,498 of Deferred Revenues were used for Elma C. <br />Lomax Farm expenditures. A budget amendment is included to record the <br />excess collected Deferred Tax Revenues of $400,000 and the <br />corresponding expenditure. The excess collected funds will be available <br />for future appropriation for the support of Local Agricultural Preservation <br />Projects. <br />REQUESTED ACTION: <br />Motion to approve the $134 Harvest Facility budget amendment, the <br />$402,958.09 Elma C. Lomax Farm and Deferred Tax budget amendment, <br />and the updated Small Projects Capital Project Ordinance. <br />EXPECTED LENGTH OF PRESENTATION: <br />F -6 Page 209 <br />