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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 8/16/04 Agenda Item <br /> <br />SUBJECT: <br />Certificates of Participation, Sedes 2003 <br /> <br />BRIEF SUMMARY: <br />For improved accounting and monitoring of school construction costs, it is necessary to <br />segregate the construction costs from the debt financing costs. These financing costs will <br />be placed into a separate department. Also, several line items have been adjusted to <br />reflect the awarded contract amounts and the excess funds placed in a contingency line <br />item. The contingency will not be used until the Board of Commissioners awards these <br />funds to other COPS III school cost or for future debt service. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br /> <br />Approve budget amendment <br /> <br />Attachments [] Yes [] No Expected Length of Presentation <br /> <br />Submitted By: Susan B. Fearrington/Asst. Finance Director Date: 7/29/04 <br /> Name I Job Title <br /> <br />Budget AmendmentRequired: [] Yes [] No <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />Yes <br /> <br />[] No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />This accounting change will be very helpful. Approval is recommended. <br /> <br />Manager's Signature <br /> <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [] Other [] <br /> <br /> <br />