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l <br />CABARRUS COUNTY <br />~~ >~ `~~, BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />a~o~`~ FEBRUARY 16, 2009 <br />6:30 P.M. <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />Finance - School Construction Fund - Bus Garage ($556,189) and <br />Reallocation of Other $98 Million GO Bond Line Items and 2009 School <br />Construction Line Items ($331,092) Totaling $887,281 in Reallocations. <br />BRIEF SUMMARY: <br />The Bus Garage project has experienced some cost over runs that the <br />Cabarrus County School Board would like to fund by using unspent $98 <br />Million GO Bond Fund money of $356,189 and $200,000 from the 2009 <br />School Construction Fund. There were two change orders (see attached <br />Cabarrus County School Construction Projects Proposal) approved by the <br />School Board totaling $458,000 and an additional $98,189 will be added to <br />the contingency budget for the Bus Garage. <br />REQUESTED ACTION: <br />Consider a motion to approve the reallocation as requested by Cabarrus <br />County Schools and adopt the related budget amendment. <br />EXPECTED LENGTH OF PRESENTATION: <br />15 Minutes <br />SUBMITTED BY: <br />Kelly Kluttz, Finance Director, Cabarrus County Schools <br />BUDGET AMENDMENT REQUIRED: <br />Yes <br />COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a N~# 19 <br />Ri icinPCC item <br />M <br /> <br />~i <br />i~ <br />7 <br />7 <br /> <br />ii <br /> <br />r <br /> <br />r <br /> <br />G- 5 Page 88 of 133 <br />