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Present Approved
<br />Account No. Budget
<br />00161710-6901 9,120,191.19
<br />Fund Balance Appropriated
<br />00197210-9728 0.00
<br />School Site Purchases
<br />
<br />401
<br />
<br /> Revised
<br /> Increase
<br /> 2,500,000.00
<br />
<br /> 2,500,000.00
<br />
<br /> D AFT
<br />Decrease Budqet
<br /> 11,620, 191.19
<br />
<br /> 2,500,000.00
<br />
<br />Budqet Amendment - Future Capital Projects
<br />
<br /> Mr. Clifton clarified that the $2 million proposed to be set aside for
<br />future capital projects could be used for new schools. He stated any
<br />expenditure of these funds would come to the Board for approval.
<br />
<br /> UPON MOTION of Commissioner Privette, seconded by Commissioner Barnhart
<br />and unanimously carried, the Board adopted the following budget amendment.
<br />
<br /> BUDGET REVISION/AMENDMENT REQUEST
<br />
<br />DEPARTMENT OF Finance
<br />~OUNT: $2,000,000.00
<br />TYPE OF ~dDJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: Consistent with discussions by the BOC at the retreat and
<br />commissioner meetings, this amendment sets aside $2M in the capifal reserve
<br />fund for future BOC projects
<br />
<br /> Present Approved
<br />Account No. Budqet Increase
<br />00161710-6901 11,620,191.19 2,000,000.00
<br /> Fund Balance Appropriated
<br />00191960-9707 2,500,000.00 2,000,000.00
<br /> Contribution to the Capital Reserve Fund
<br />
<br /> Revised
<br />Budqet
<br />13,620,191.19
<br />
<br />4,500,000.00
<br />
<br />Budqet Amendment - Capital Reserve Fund
<br />
<br /> Mr. Clifton again clarified that these funds could be used for the
<br />construction of new schools if the Board should choose to do so.
<br />
<br /> UPON MOTION of Commissioner Privette, seconded by Commissioner Barnhart
<br />and unanimously carried, the Board adopted the following budget amendment.
<br />
<br />BUDGET REVISION/AMENDMENT REQUEST
<br />
<br />DEPAd~TMENT OF Finance
<br />AMOUNT: $4,500,000.00
<br />TYPE OF ADJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: To appropriate funds from the General Fund to set up the
<br />budget for the Capital Reserve Fund. While the Capital Reserve Fund was
<br />actually set up in July, the budget for the fund had not been established.
<br />
<br /> Present Approved
<br />Account No. Budoet
<br />450672220-6902 0.00
<br /> Contribution from the General Fund
<br />45097220-9821 0.00
<br /> Building and Renovation Projects
<br />
<br /> Revised
<br /> In~rCa~e Decrease Budget
<br />4,500,000.00 4,500,000.00
<br />
<br />4,500,000.00 4,500,000.00
<br />
<br />Budget Amendment - School En~ineerina and Architect Fees
<br />
<br /> The Board received a letter from Dr. Harold Winkler, County School
<br />Superintendent, stating the Cabarrus Board of Education had approved the
<br />architectural contracts with Martin Boal Anthony and Johnson for an
<br />elementary school and two middle schools. The architect and engineer costs
<br />were estimated to be $1,854,040.00 to Martin Boal Anthony and Johnson
<br />together with owner-direct costs (e.g., offsite survey, offsite engineering,
<br />etc.} of $260,750.00.
<br />
<br /> Mr. Clifton reviewed the proposed appropriation of $1 million for
<br />school engineering and architect fees in addition to the $1 million
<br />previously set aside in January. He explained that the architectural fees
<br />were based on a percentage (approximately 4~ percent) of the estimated
<br />building construction costs for the three schools ($13 million for each of
<br />the two middle schools and $9 million for the elementary school). Also, Mr.
<br />Clifton responded to questions by Ms. Cindy Fertenbaugh, Cabarrus School
<br />Board member, and Mr. Hartsell regarding the $2 million budget allocation and
<br />Dr. Winkler's letter estimating costs at over $2 million. He explained that
<br />some of the estimated owner-direct costs were being absorbed elsewhere and
<br />
<br />
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