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D AFT <br /> <br />160 <br /> <br />This instrument has been preaudited in the manner required by the <br />Local Government Budget and Fiscal Control Act. <br /> By: <br /> Finance Director, City of Concord <br /> <br />NOTE: All exhibits referred to in the Agreement are on file in the Office of the <br />County Manager and hereby included by reference as a part of the minutes. <br /> <br />UNFINISHED BUSINESS <br /> <br />Release of 9596,000 Fundin~ Held in Reserve for Capital Start-Up Costs for the <br />Weddin~ton Hills Elementary School and Adoption cf Related Budget Amendment <br /> <br /> Dr. Harold Wlnkler, Cabarrus County Schools Superintendent, and Mr. Gene <br />Jordan, School Finance Director, discussed the start-up costs for the new <br />Weddington Hills Elementary School. The items to be purchased for the school <br />totaled $632,226.00 to be paid with the $596,000.00 currently held in reserve by <br />the County and the remaining $36,226.00 to be covered by the Schools from other <br />capital outlay sources. A summary of the items is as follows: <br /> <br />Instructional Equipment <br />Library Books <br />Technology Equipment <br /> (3-year lease $803,385) <br />Two (2) School Buses <br /> <br />$132,920 <br /> 150,000 <br /> 267,800 <br /> <br />81,506 <br /> <br />In response to questions, Mr. Jordan reviewed the three-year operation lease for <br />technology equipment. He advised that the School Board is aware of its <br />obligation to fund the remainder of the lease from the Schools capital outlay <br />appropriation for the next two years. <br /> <br /> There was lengthy discussion regarding 'current expense funding', 'start-up <br />costs" and "capital outlay funding." Board members questioned the ability to <br />distinguish between start-up costs and current expense costs which are funded on <br />a per pupil basis. Also discussed was the equity issue involved in funding <br />"start-up costs" for the two school systems operating in Cabarrus County. <br /> <br /> There was general consensus that the Schools staff will work with the <br />County Manager to prepare a more detailed analysis of start-up costs for the new <br />Rocky River Elementary School which is scheduled to open in 1997. Also, it was <br />agreed that Dr. Wlnkler and Mr. Clifton will continue discussions regarding the <br />potential for combined maintenance programs, such as grounds maintenance and/or <br />heating and air conditioning service programs. <br /> <br /> UPON MOTION of Commissioner Ntblock, seconded by Chairman Barnhart with <br />Commissioners Niblock, Fennel and Mills and Chairman Barnhart voting for, the <br />Board approved the release of $596,000.00 funding held in reserve for capital <br />start-up costs for the Weddington Hills Elementary School and adopted the <br />following budget amendment. <br /> <br /> BUDGET REVISION/AMENDMENT REQUEST <br /> <br />DEPARTMENT OF COUNTY MANAGER <br />AMOUNT: $596,000.00 <br />TYPE OF ADJUSTMENT: Supplemental Request <br />PURPOSE OF REQUEST: Release of funding for capital start-up costs for the <br /> <br />Weddington Hills Elementary School <br /> <br /> Line Item Present Approved <br />Account Number Budget <br /> <br />01-9-72-10-701 2,000,000.00 <br /> Cap. Outlay - Cab. Co. Schools <br />01-9-19-10-661 2,813,238.00 <br /> Capital Reserve <br /> <br />Increase <br /> <br />596,000.00 <br /> <br /> Revised <br />Decrease Budget <br /> <br /> 2,596,000.00 <br />596,000.00 2,217,238.00 <br /> <br />Approval of Contract for Weatherization Grant and Budget Amendment <br /> <br /> Mr. Louis Partain, Wsatherizatton Coordinator, and Mr. Hartsell reviewed <br />the proposed weatherlzaCion contract between the Salisbury-Rowan Community <br /> <br /> <br />