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O CABARRUS COUNTY Peat Office Bo~ 707 CONCORD, NORTH CAROLINA 28025 December 21, f987 To: Charles D. McGinnis From: Blair D. Bennett Subject: Settlement on Rocky River Project After discussions in October, 1957, with Cathy Combs, Finance Director for the City of Concord, I submitted of questions and issues which the County needed clarified relating to a final settlement on the Rocky River Wastewater Treatment Plant Project, Mrs. Combs responded by letter to the various questions posed by the County on November 30, 1987. I wiJJ address each issue separately that has not been resolved and then summarize my position concerning the final disposition of this matter. A copy of her letter is attached for your information. One of the queations addressed concerned the discepancies ' .: found in the audit schedules between costs in the detailpd ' . cumulative schedule compared to tho annual statements of revenue, expenditures, and fund balance. The amount in question was $96,065 of which the City of Concord addressed $14,530. This still leaves $81,535'in questioned costs which we believe needs further resolution. The second item in question is the distribution of $569,665 in unallocaied sales'fq~t× t~ The Iolal costs of all projects amounted tok~46*069,306. '~ this amount, $5,048,712 represents %~o~A~s--f-o-r--en'~ineering, egal, land, and Other administrative expenses which would not be subject to sales tax. If we use general construction cost only as basis for allocating sales tax, tho dlstribut on would be as follows: Total Genera'l Construction Cost - Plant 32,042,068 Interceptors . 0~978~526 Total 41,020,594 Percentage of Plant to Total 78.12% Percentage of interceptors to Total 100.00% County Share of Unallocated Sales Tax: Plant ~ 569,665 X 70.12% X 16.66% 74,141 Interceptors - 569,665 X 21.88% x 100% 124~642 Total Due County 198,783