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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />:. <br /> <br />Meeting Date 1/23/06 <br /> <br />F-\\ <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Fund Balance Transfer to Capital Reserve Fund per Board Policy <br /> <br />BRIEF SUMMARV: <br /> <br />Upon the completion of the annual audit of the county finances, any undesignated fund. <br />balance above 15% will be transferred to the capital reserve fund, consistent with Board <br />policy. There it will be used to reduce reliance on debt financing for capital projects, <br />thereby saving taxpayers money by reducing interest payments on financing instruments. <br /> <br />REQUESTED ACTION: (s1IfK1eS1ed motion "the Board applOves the ag.nda Item as presented) <br />Approve Budget Revision <br /> <br />Attachments 1&1 Ves 0 No Expect&d Length of Presentation <br />Submitted By: Pamela S. Dubois, Deputy County Manager Date: 1/5/06 <br /> <br />Budget Amendment Required: 1&1 Ves 0 No <br />Budget Amendment Attached and Reviewed by Budget OffIcer: 1&1 Ves 0 . No <br />County Manager's Recommendations/Comments: <br /> <br />Approval is required to meet Board-adopted policy. The amount of the transfer is reduced <br />by the amount of fund balance appropriated this fiscal year. <br /> <br />Manager's Signature <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />other [ ] <br /> <br />F-ll <br /> <br />.. _ J'o._-;;- <br />:-,-~~;.; <br /> <br />- -- -... --" <br />;;_~~~_Ll~~l~,L~~~:~~J{1~~ <br /> <br />~,;;.~';;'-::">':(:,:..'>; <br />