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AG 2010 06 21
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AG 2010 06 21
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Last modified
7/13/2010 8:39:10 AM
Creation date
11/27/2017 11:22:40 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
6/15/2010
Board
Board of Commissioners
Meeting Type
Regular
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PUBLIC SCHOOL BUILDING CAPITAL PROJECTS FUND <br />CAPITAL PROJECT ORDINANCE <br />BE IT ORDAINED, by the Governing Board of Cabarrus County, <br />North Carolina, that, pursuant to Section 13.2 of Chapter 159 of <br />the General Statutes of North Carolina, the following capital <br />project ordinance is hereby adopted: <br />Section 1. The project authorized for smaller non-debt <br />Capital Projects conducted by the County. <br />Section 2. The officers of this unit are hereby directed <br />to proceed with this capital project within the terms contained <br />in this project ordinance. <br />Section 3. The following budgeted amounts are appropriated <br />for the projects: <br />Public School Expenditures $9,191,561 <br />Section 4. The following revenues are anticipated to be <br />available to complete this project: <br />State Public School Funds $ 2,897,042 <br />Lottery Proceeds 5,569,751 <br />Contribution from General Fund 724,768 <br />Total <br />$ 9,191,561 <br />Section 5. The Finance Officer is hereby directed to <br />maintain within the Capital Project Fund sufficient detailed <br />accounting records to satisfy the requirements of the law. <br />Section 6. Funds may be advanced from the General Fund for <br />the purpose of making payments as due. Reimbursements to the <br />General Fund should be made in an orderly and timely manner. <br />Section 7. The Finance Officer is directed to report, at <br />the request of the Board, on the financial status of each project <br />element in Section 3 and on the total revenues received or <br />claimed. <br />Section 8. The Budget Officer is directed to include a <br />detailed analysis of past and future costs and revenues on this <br />capital project in every budget submission to this Board. <br />Section 9. Copies of this capital project ordinance shall <br />be furnished to the Clerk of Cabarrus County, and to the Budget <br />Officer and the Finance Director for direction in carrying out <br />this project. <br />Attachment number 7 <br />F-5 Page 98 <br />
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