BC 2016 05 16 Regular Meeting - Laserfiche WebLink

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May 16, 2016. (Regular Meeting) Page 2720 Purpose: To allocate funds from board contingency to increase funding for the 2 1d early college nroaram. Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget 00191910 -9660 Contingency $232,612.00 $153,000.00 $79,612.00 00191960 -9708 Cont. to Capital Proj $1,999,823.00 $153,000.00 $2,152,823.00 36467343 -6902 Cont. from Gen Fund $574,960.00 $153,000.00 $727,960.00 36497343 -9620 Building Improvements $574,964.00 $153,000.00 $727,960.00 Ordinance No. 2016 -10 CABARRUS COUNTY SCHOOL CONSTRUCTION PROJECT BUDGET ORDINANCE BE IT ORDAINED by the Board of Commissioners of Cabarrus County, North Carolina that, Pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project ordinance is hereby adopted: Section I. A. The project authorized is for the construction and renovations of Public Schools. Details of the projects are listed in section D. of this Project Ordinance. B. The officers of this unit are hereby directed to proceed with this capital project within the terms of the Generally Accepted Accounting Principles (GAAP) and the budget contained herein. a. It is estimated that the following revenues will be available to complete capital projects as listed. General Fund Contribution $4,948,299 Capital Reserve Contribution $19,755,175 Capital Projects Fund Contribution $2,738,951 TOTAL REVENUES $27,442,425 C. The following appropriations are made as listed. Odell Grades 3 -5 Elementary School $22,501,055 Northwest Middle School Roof $981,732 Rocky River Elementary School Roof $708,370 Winecoff Elementary School Roof $733,320 Mt. Pleasant High School Roof $638,894 Jay M. Robinson High School Roof $1,151,094 Early College Site at RCCC $727,960 TOTAL EXPENDITURES $27,442,425 GRAND TOTAL - REVENUES $27,442,425 GRAND TOTAL - EXPENDITURES $27,442,425 Section II. A. Special appropriations to non - profit organizations shall be distributed after the execution of an agreement which ensures that all County funds are used for statutorily permissible public purposes. B. The County Manager or designee is hereby authorized to transfer appropriations within or between funds, or modify revenue and expenditure projections as contained herein under the following conditions: 1. The Manager may transfer amounts between objects of expenditure and revenues within a function without limitation. 2. The County Manager may transfer amounts up to $500,000 between functions of the same fund.