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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 10/15/07 Agenda Item # r_ <br />SUBJECT: <br />Finance Department (Public School Building Capital Fund) -Budget Amendment (Lottery <br />Proceeds for Rowan County - $268,500) <br />BRIEF SUMMARY: <br />Cabarrus County is the pass-through agent for Kannapolis City Schools-Rowan County's <br />share of lottery funds due to an administrative software constraint at the State level. A <br />memorandum is included to explain the situation and describe the requested approval for <br />the administrative solution to the issue. The process has been discussed with Rowan <br />County's Finance Director and both Finance departments have agreed to the process <br />proposed. <br />REQUESTED ACTION: (Suggested motion tf the Board approves the agenda Item as presented) <br />Adopt budget amendment and authorize the County Manager to approve future budget <br />amendments necessary to transfer funds to Rowan County without further Cabarrus <br />County Board action. <br />Attachments ^X Yes ^ No Expected Length of Presentation <br />Submitted By: Pamela S. Dubois, Deputy County Manager Date: 9/6/07 <br />Name /Job Title <br />Budget Amendment Required: ^D Yes ^ No <br />Budget Amendment Attached and Reviewed by Budget Officer: ^X 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 />l~ I <br />