Laserfiche WebLink
1 <br />CABARRUS COUNTY <br />S~ 't~, BOARD OF COMMISSIONERS ' <br />REGULAR MEETING ' <br />OCTOBER 20, 2008 , <br />6:30 P.M. <br />AGENDA CATEGORY: ' <br />Consent Agenda <br />SUBJECT: <br />Finance -Reallocation of School Funded Projects in FY 2009 Budget <br /> <br />BRIEF SUMMARY: <br />In the FY 2009 Budget, the Board allocated $11,260,000 towards several <br />school construction projects. Due to some changes in project costs and <br />savings generated on other portions of the projects, it is requested to <br />reallocate these funds. This will cover related costs for the initial school <br />projects and the cancelation cost of the Mount Pleasant Middle School <br />(MPMS) Architect project initially to be funded by Lottery Proceeds. Since <br />the project has been delayed, the funds will be reverted for later use and <br />the County is required to reimburse costs spent to date per the <br />agreement. <br />REQUESTED ACTION: <br />Motion to approve the reallocation of the funds as presented as well as <br />authorizing the funding of the reimbursement of $53,685 to the Lottery <br />Fund for the canceled Architect Contract for MPMS. The funds will be <br />transferred as needed to the appropriate fund per the current budget <br />ordinance adopted. <br /> <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Pamela S. Dubois, Deputy County Manager <br />BUDGET AMENDMENT REQUIRED: <br />No ' <br />Item# 13 <br />COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br />F-11 Page 143 of 468 ' <br />