|
July 18, 2016 (Regular Meeting)
<br />Pa ge 2 821
<br />10. The County Manager may reject formal bids when deemed appropriate
<br />and in the best interest of Cabarrus County pursuant to G.S. 143-
<br />129 (a) .
<br />11. The County Manager may reduce revenue projections consistent with
<br />prevailing economic conditions, and also reduce expenditures
<br />correspondingly.
<br />Section III.
<br />This ordinance and the budget documents shall be the basis of the financial
<br />plan for the County of Cabarrus.
<br />a. The Finance Director is hereby directed to maintain within the
<br />Capital Project Fund sufficient detailed accounting records to
<br />satisfy the requirements of the law.
<br />b. The Finance Director is directed to report, at the request of the
<br />Board, on the financial status of each project element in Section
<br />I and on the total revenues received or claimed.
<br />c. Copies of this capital project ordinance shall be furnished to the
<br />Clerk to the governing Board, and to the Finance Director for
<br />direction in carrying out this project.
<br />d. At the completion of a construction project, all unrestricted excess
<br />funds are transferred to the General Fund and the portion of the
<br />Capital Project associated with the project is closed.
<br />Adopted this the 18th day of July, 2016.
<br />CABARRUS COUNTY BOARD OF COMMISSIONERS
<br />BY: /s/ Stephen M. Morris
<br />Stephen M. Morris, Chairman
<br />ATTEST:
<br />/s/ Megan Smit
<br />Clerk to the Board
<br />Date:7/18 /2016 Amount:$1,600,000.00
<br />Dept. Head. Susan Fearrington Department: Finance- Public School Building Cap Fund
<br />I Internal Transfer Within Department ❑ Transfer Between Departments /Funds Q supplemental Request
<br />Purpose: This budget amendment records the Public School Building Lottery funding for Mt. Pleasant
<br />Middle School and Kannapolis Middle School. Use of lottery funds will free up debt proceeds to
<br />be used for equipping the schools that was previously planned to be funded through the Capital
<br />Reserve Fund.
<br />Account
<br />Number
<br />Account
<br />Name
<br />Approved
<br />Budget
<br />Inc
<br />Amount
<br />Dec
<br />Amount
<br />Revised
<br />Budget
<br />35867332 -6910
<br />Cent frCapProj Fd MPMS
<br />$1,500,000.00
<br />$1,500,000.00
<br />36897332 -9820
<br />Construction -MPMS
<br />$28,782,990.00$1,500,000.00
<br />$30,282,990.00
<br />36897332 -9860
<br />Equip &Furniture-MPMS
<br />$898,000.00
<br />$898,000.00
<br />36897332 -9862
<br />Technology -MPMS
<br />$602,000.00
<br />$602,000.00
<br />36897332 -9820
<br />Construction -MPMS
<br />$30,282,990.00
<br />$1,500,000.00
<br />$28,782,990.00
<br />36867404 -6910
<br />Cont frCapProj Fd KMS
<br />$100,000.00
<br />$100,000.00
<br />36897404 -9820
<br />Construction -KMS
<br />$35,322,900.00
<br />$100,000.00
<br />$35,422,900.00
<br />36897404 -9860
<br />Equip &Furniture -KMS
<br />$100,000.00
<br />$100,000.00
<br />36897404 -9820
<br />Construction -KMS
<br />$35,422,900.001
<br />$100,000.00
<br />$35,322,900.00
<br />Ordinance No. 2016 -30
<br />CABARRUS COUNTY SCHOOL CONSTRUCTION DEBT FUND
<br />BUDGET ORDINANCE
<br />BE IT ORDAINED by the Board of Commissioners of Cabarrus County, North
<br />Carolina that, Pursuant to Section 13.2 of Chapter 159 of the General Statutes
<br />of North Carolina, the following capital project ordinance is hereby adopted:
<br />Section I.
<br />A. The project authorized is for the construction and renovations of Public
<br />Schools. Details of the projects are listed in section D. of this Project
<br />Ordinance.
<br />B. The officers of this unit are hereby directed to proceed with this
<br />capital project within the terms of the Generally Accepted Accounting
<br />
|