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AG 2004 10 18
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AG 2004 10 18
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Last modified
3/9/2006 9:20:48 PM
Creation date
11/27/2017 11:39:17 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
10/18/2004
Board
Board of Commissioners
Meeting Type
Regular
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<br />August 16, 2004 <br /> <br />Account No. <br />00169110-6920 <br />Contribution <br />00199110-9975 <br />COPS Interest- <br /> <br />DR FT <br /> <br />Page 591 <br /> <br />Present <br />Approved Budget Increase <br />$0.00 $351,136.00 <br />from Capital Projects Fund <br />$3,694,795.00 $351,136.00 <br />Schools <br /> <br />Decrease <br /> <br />Revised Budget <br />$351,136.00 <br /> <br />$4,045,931.00 <br /> <br />BUDGET REVISION/AMENDMENT REQUEST <br /> <br />DEPARTMENT OF FINANCE <br />AMOUNT: $351,136.00 <br />TYPE OF ADJUSTMENT: Supplemental Request <br />PURPOSE OF REQUEST: To increase the Certificates of Participation Series 2002 <br />Construction Fund for additional interest income. This will also increase <br />the Contribution to the General Fund for payment of semi-annual debt. <br /> <br />Account No. <br />36160000-6705 <br />Interest Income <br />36190000-9704 <br />Contribution to <br /> <br />. Present <br />Approved Budget Increase <br />$63,599.00' $351,599.00 <br /> <br />Decrease <br /> <br />Revised Budget <br />$414,735.00 <br /> <br />(1'-4) <br /> <br />Budget Amendment - Certificates of Participation, Series 2003 <br /> <br />$63,599.00 <br />General Fund <br /> <br />$351,136.00 <br /> <br />$414,735.00 <br /> <br />UPON MOTION of Commissioner Privette, seconded by Commissioner Carruth <br />and unanimously carried, the Board adopted the following budget amendments:. <br /> <br />BUDGET REVISION/AMENDMENT REQUEST <br /> <br />DEPARTMENT OF FINANCE <br />AMOUNT: $4,128.00 <br />TYPE OF ADJUSTMENT: Supplemental Request <br />PURPOSE OF REQUEST: To increase the Contribution from the Capital <br />Fund. These funds are from the Certificates of Participation Series <br />will be used to make a semiannual debt payment as required by our <br />financing agreement with SouthTrust Bank. <br /> <br />Account No. <br />00169110-6920 <br />'Contribution <br />00199110-9975 <br />COPS Interest - <br /> <br />projects <br />2003 and <br />COPS III <br /> <br />Present <br />Approved Budget <br />$351,136.00 <br />from Capital projects <br />$4,045,931.00 <br />Schools <br /> <br />Decrease <br /> <br />Revised Budget <br />$355,264.00 <br /> <br />Increase <br />$4,128.00 <br />Fund <br />$4,128.00 <br /> <br />$4,050,059.00 <br /> <br />BUDGET REVISION/AMENDMENT REQUEST <br /> <br />DEPARTMENT OF FINANCE <br />AMOUNT: $4,128.00 <br />TYPE OF ADJUSTMENT: Supplemental Request <br />PURPOSE OF REQUEST: To increase the Certificates of Participation Series 2003 <br />Construction Fund for additional interest income. This will also increase <br />the Contribution to the General Fund for payment of semi-annual debt. <br /> <br />Account No. <br />36260000-6705 <br />Interest Income <br />36297322-9704 <br />Contribution to <br /> <br />Present <br />Approved Budget <br />$325,724.00 <br /> <br />Decrease <br /> <br />Revised Budget <br />$329,852.00 <br /> <br />Increase <br />$4,128.00 <br /> <br />(1'-5) <br /> <br />Budget Amendment - Certificates of Participation, Series 2003 <br /> <br />$965,824.00 <br />General Fund <br /> <br />$4,128.00 <br /> <br />$969,952.00 <br /> <br />UPON MOTION of Commissioner Privette, seconded by Commissioner Carruth <br />and unanimously carried, the Board adopted the following budget amendment: . <br /> <br />BUDGET REVISION/AMENDMENT REQUEST <br /> <br />DEPARTMENT OF FINANCE <br />AMOUNT: $2,084,575.00 <br />TYPE OF ADJUSTMENT: Transfer between Departments/Funds <br />PURPOSE OF REQUEST: For accounting monitoring purposes of school construction <br />costs, it has been decided to segregate the construction costs and the debt <br />financing costs. These financing costs will be placed into a separate <br />department. Also, several line items<- have been adjusted to reflect the <br />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 <br />awards these funds to other COPS III school cost or for future debt service. <br /> <br />A~ \ <br /> <br />.) <br />
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