Laserfiche WebLink
March 21, 2016 (Regular Meeting) <br />capital projects. <br />Page 2654 <br />B. The officers of this unit are hereby directed to proceed with this <br />capital project within the terms of the Generally Accepted <br />Accounting Principles (GAAP) and the budget contained herein. <br />C. It is estimated that the following revenues will be available to <br />complete capital projects as listed. <br />Contributions from General Fund $63,853,907 <br />Contributions from CVB 843,617 <br />Contribution from Capital Projects 6,600 <br />Fund 329,142 <br />Interest on Investments <br />TOTAL REVENUES $65,033,266 <br />D. The following appropriations are made as listed: <br />Odell 3 -5 Elementary School <br />$19,755,175 <br />Mt. Pleasant Middle School <br />2,620,000 <br />Replacement <br />1,645,000 <br />Royal Oaks Elementary <br />849,100 <br />Kannapolis Middle School <br />3,235,336 <br />School Contingency <br />5,796,633 <br />County Facility Projects <br />4,243,573 <br />Park Projects <br />843,617 <br />Park Projects /CVB <br />23,404,789 <br />Other County Capital Projects <br />280,043 <br />Community College Renovations <br />375,000 <br />Harrisburg EMS Station <br />675,000 <br />Cabarrus County Schools - Buses <br />1,110,000 <br />Cabarrus County Schools - Mobile <br />Units <br />TOTAL EXPENDITURES <br />$65,033,266 <br />GRAND TOTAL - REVENUES <br />$65,033,266 <br />GRAND TOTAL - EXPENDITURES <br />$65,033,266 <br />Section II. <br />A. Special appropriations to non- profit organizations shall be <br />distributed after the execution of an agreement which ensures that <br />all County funds are used for statutorily permissible public <br />purposes. <br />B. The County Manager or designee is hereby authorized to transfer <br />appropriations within or between funds, or modify revenue and <br />expenditure projections as contained herein under the following <br />conditions: <br />1. The Manager may transfer amounts between objects of expenditure <br />and revenues within a function without limitation. <br />2. The County Manager may transfer amounts up to $100,000 between <br />functions of the same fund. <br />3. The County Manager may transfer amounts between contingency funds <br />which are set aside for a specific project for budgetary <br />shortfalls or upon the appropriate approval of a change order. <br />4. The County Manager is authorized to transfer funds from the <br />General Fund or Capital Reserve Fund to the appropriate fund for <br />projects approved within the Capital Improvement Plan for the <br />current fiscal year. <br />5. Upon notification of funding increases or decreases to existing <br />grants or revenues, or the award of grants or revenues, the <br />Manager or designee may adjust budgets to match, including grants <br />that require a County match for which funds are available. <br />6. The Manager or designee may adjust debt financing from estimated <br />projections to actual funds received. <br />7. The County Manager may enter into and execute change orders or <br />