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<br />Revised <br /> <br />CAPITAL PROJECTS FUND <br />CAPITAL PROJECT ORDINANCE <br /> <br />BE IT ORDAINED, by the Governing Board of Cabarrus County, <br />North Carolina, that, pursuant to Section 13.2 of Chapter 159 of the <br />General Statutes of North Carolina, the following capital project <br />ordinance is hereby adopted: <br /> <br />Section 1. The project authorized for smaller non-debt <br />Capital Projects conducted by the County. <br /> <br />Section 2. The officers of this unit are hereby directed to <br />proceed with this capital project within the terms contained in this <br />project ordinance. <br /> <br />Section 3. The following budgeted amounts are appropriated <br />for the projects: <br /> <br />Capital Improvement Projects <br />Communications Tower <br /> <br />$ 7,417,386 <br />2,000,000 <br /> <br />Total <br /> <br />$ 9,417,386 <br /> <br />Section 4. The following revenues are anticipated to be <br />available to complete this project: <br /> <br />Contribution - Capital Reserve Fund <br />Contribution - General Fund <br />State and Federal Grants <br />Contributions & Private Donations <br /> <br />$ 4,375,282 <br />2,940,604 <br />1,350,000 <br />751,500 <br /> <br />Total <br /> <br />$ 9,417,386 <br /> <br />Section 5. The Finance Officer is hereby directed to maintain <br />wi thin the Capital Proj ect Fund sufficient detailed accounting <br />records to satisfy the requirements of the law. <br /> <br />Section 6. Funds may be advanced from the General Fund for <br />the purpose of making payments as due. Reimbursements to the <br />General Fund should be made in an orderly and timely manner. <br /> <br />Section 7. The Finance Officer is directed to report, at the <br />request of the Board, on the financial status of each proj ect <br />element in Section 3 and on the total revenues received or claimed. <br /> <br />Section 8. The Budget Officer is directed to include a <br />detailed analysis of past and future costs and revenues on this <br />capital project in every budget submission to this Board. <br /> <br />Section 9. Copies of this capital project ordinance shall be <br />furnished to the Clerk of Cabarrus County, and to the Budget Officer <br />and the Finance Director for direction in carrying out this project. <br /> <br />Section 10. At the completion of the construction project, <br />all unrestricted excess funds are transferred to the Capital Reserve <br />Fund and the Capital Project Ordinance is closed. <br /> <br />Section 11. <br /> <br />The County Manager is hereby authorized to <br /> <br />F-3 <br />