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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 7/10/06 <br /> <br />Agenda Item # F - I 2 <br /> <br />SUBJECT: <br />General Obligation School Bond Projects <br /> <br />BRIEF SUMMARY: <br /> <br />On March 20, 2006 the Board of Commissioners approved a request from the local school <br />boards for additional funds to cover the increased cost of construction materials and <br />additional work at school locations originally funded through GO Bonds approved in <br />November, 2004. The increase will be funded through contributions from the General <br />Fund (inclusive of lottery proceeds), Adequate Facilities Fund, and COPS III Fund. Funds <br />will also be allocated from interest income and sales tax refunds within the GO Bond Fund. <br /> <br />REQUESTED ACTION: (suggested motion if the Boarrl apfJl'Oves the agenda Item as pTesented) <br />Approve attached budget amendments. <br /> <br />Attachments [gj Yes 0 No Expected Length of Presentation <br /> <br />Submitted By: Susan FearringtonlAssist Finance Director Date: 6/23/06 <br />Name / Job Title <br /> <br />Budget Amendment Required: [gj Yes 0 No <br />Budget Amendment Attached and Reviewed by Budget OffIcer: [gj Yes 0 No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />The Board previously agreed to fund the shortfall - approval is recommended. <br /> <br />Manager's Signature <br /> <br /> <br />uC <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />other [ ] <br /> <br />F-12 <br />