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$257,038.01. <br />3) The $98 Million General Obligation School Bond Fund projects have been <br />completed. It is requested that the Fund be closed and excess funds totaling <br />$22,795.14 be transferred to the General Fund for payment of debt services <br />as directed by the project ordinance. A budget amendment is included for <br />approval. <br />REQUESTED ACTION: <br />1) Motion to approve the merger of the 2009 School Construction Fund and <br />the 2009 COPS Fund; and, adopt the related budget amendment <br />and the 2009 COPS Project Ordinance. <br />2) Motion to adopt the budget amendment for the School Construction Fund <br />and the Public School Building Capital Fund. <br />3) Motion to approve the closure of the $98 Million General Obligation School <br />Bond Fund and adopt 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 />COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a <br />Consent item. <br />BUDGET AMENDMENT: <br />Date: 10/12/2009 <br />Amount: $1,674,404.38 <br />Dept. Head: Susan B. Fearrington Deparrt~ment: Finance 2009 School Construction Fund <br />^ Internal Transfer Within Department^ Transfer Between Departments/Funds uSupplemental Request <br />Purpose: <br />The 2009 School Construction Fund (funded through Capital Reserve) was established to pay Engineer, Architect, and Land Acquisition costs <br />before the COPS 2009 were sold. For accounting and tracking purposes, we will now merge the 2009 School Construction Fund into the COPS <br />2009 Fund for the following projects: AT Allen Elementary, Hickory Ridge Middle, Patriots Elementary, Harold Winkler Middle, and School <br />Directed Expenses. Wing additions at Charles E. Boger and Carl A Furr will remain in the 2009 School Construction Fund and will be <br />rvmrleted and closed out during the 2010 fiscal vear. <br />Account Number Aeeount Name Approved Budget Inc Amount Dec Amount Revised Budget <br />36697311-9606 Engineers - AT Allen $51,500.00 $5,058.50 $46,441.50 <br />F-6 Page 64 <br />