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CABARRUS COUNTY <br /> BOARD OF COMMISSIONERS <br /> <br />Meeting Date Agenda Item <br /> <br />SUBJECT <br />Budget Revision for Debt Service <br /> <br />REQUESTED ACTION <br />Approval of Budget Revision to cover additional funds needed for the payment of interest on <br />installment payment revenue bonds. At Budget time we had estimated debt payment based <br />on level periodic payments. The LGC has switched to level principal payments which <br />increased the amount .of interest due for FY 2000. <br /> <br />Attachments ~ Yes [] No <br /> <br />Expected Length of Presentation 5 minutes <br /> <br />Submitted By Blair Bennett //~ ~ Date 5/31/00 <br /> <br />Budget Amendment Required? [~ Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br />Budget Officer's Initials ~ Il .~ Date <br /> <br /> [] Yes [] No <br />(.-t-bo <br /> <br />County Manager's Recommendations/C0r~ments: <br /> <br />Manager's <br /> <br />Action Taken: <br />Approved . [ ] Deferred <br /> <br />Denied [] Other <br /> <br /> <br />