|
150
<br />
<br />00191920-9165-0159 $202,980.17 $202,980.17 $ 0.00
<br />Architects
<br />00191920-9161-0159 $ 55,848.70 $ 55,848.70 $ 0.00
<br />Engineers
<br />00191920-9820-0159 $9,000,000.00 $9,000,000.00 $ 0.00
<br />Building Improvements
<br />00191960-9739 $ 0.00 $9,332,564.82 $9,332,564.82
<br /> Contribution'to the Expo Construction Fund
<br />
<br /> BUDGET REVISION/AMENDMENT REQUEST
<br />DEPAKTMENT OF Finance
<br />AMOUNT: $ 19,282,564.82
<br />TYPE O~ ADJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: To set up the revenue and expanse budgets for the Expo
<br />Center Construction Fund.
<br />
<br /> Present
<br /> Account No. Approved Budget Increase Decrease Revised Budget
<br />34168310-6902 $9,332,564.82 $9,332,564.82
<br />Contribution from the General Fund
<br />34168310-6905 $9,950,000.00 $9,950,000.00
<br />Proceeds from Lease
<br />34198310-9155 $ 73,735.95 $ 73,735.95
<br />'Consultants
<br />34198310-9161 $ 55,848.70 $ 55,848.70
<br />Engineers
<br />34198310-9165 $ 202,980.17 $ 202,980.17
<br />Architect
<br />34198310-9820 $18,950,000.00 $18,950,000.00
<br /> Building Improvements
<br /> Ordinance No. 2001-07
<br /> CAPITAL PROJECT ORDINANCE
<br />
<br /> BE IT ORDAINED, by the Board of County Commissioners of the
<br /> County of Cabarrus, North Carolina, that, pursuant to Section
<br /> 13.2 of Chapter 159 of the General Statutes of North Carolina,
<br /> the following capital project ordinance is hereby adopted:
<br />
<br /> Section 1. The project authorized is the construction of
<br /> the Cabarrus County Exposition Park to be financed by Lease
<br /> Financing and with additional funding being provided from other
<br /> funding sources of the County.
<br />
<br /> Section 2. The officers of this unit are hereby directed
<br /> to proceed with this capital project within the terms of the
<br /> Lease Financing resolution and the budget contained herein.
<br />
<br /> Section 3. The following amount is appropriated, for the
<br /> project:
<br />
<br /> Cabarrus County Exposition Park $19,282,564.82
<br />
<br /> Section 4. The following revenues are anticipated to be
<br /> available to complete this project:
<br />
<br /> Proceeds from Lease Financing $ 9,950,000.00
<br /> Transfer from the General Fund $ 9,332,564.82
<br />
<br /> Section 5. The Finance Officer is hereby directed to
<br /> maintain within the Capital Project Fund sufficient detailed
<br /> accounting records to satisfy the terms of the Lease Financing
<br /> resolution.
<br />
<br /> Section 6. Funds may be advanced from the General Fund for
<br /> the purpose of making payments as due. Reimbursement requests
<br /> should be made to the grantor agency in an orderly and timely
<br /> manner.
<br />
<br /> Section 7. The Finance Officer is directed to report, on a
<br /> monthly basis, on the financial status of each project element in
<br /> Section 3 and on the total revenues received or claimed.
<br />
<br /> Section 8. Copies of this capital project ordinance shall
<br /> be furnished to the Clerk to the Governing Board, and to the
<br /> Budget Officer and the Finance Officer for direction in carrying
<br /> OUt this project.
<br />
<br />
<br />
|