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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 1/22/08 Agenda Item # ~- ~~j <br />SUBJECT: <br />Finance Department -Budget Amendment (Accounting Correction in Cannon Memorial <br />Library Trust Fund and Capital Reserve Special Revenue Fund to Eliminate Appropriations <br />of Fund Balance) <br />BRIEF SUMMARY: <br />The following budget amendment is an accounting adjustment to eliminate "Fund Balance <br />Appropriated" from the Cannon Memorial Library Trust Fund and the Capital Reserve <br />Special Revenue Fund. The Local Government Commission has advised that multi-year <br />funds with project ordinances adopted as their budget should not use "Fund Balance <br />Approriated" as the mechanism to budget appropriations. This budget amendment <br />corrects past actions using this line item. <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Motion to adopt budget amendment. <br />Attachments ^X Yes ^ No Expected Length of Presentation <br />Submitted By: Shelley Farris, Accounting Supervisor Date: 12!3/07 <br />Name /Job Title <br />Budget Amendment Required: ^D Yes ^ No <br />Budget Amendment Attached and Reviewed by Budget Officer: ^D Yes ^ No <br />County Manager's Recommendations/Comments: <br />This item was approved by the Board for inclusion on the Agenda as a Consent item. <br />Approval is recommended. <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br />~3 <br />