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July 18, 2016 (Regular Meeting) <br />Section I. <br />Page 2824 <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 />Principles (GAAP) and the budget contained herein. <br />a. It is estimated that the following revenues will be available to <br />complete capital projects as listed. <br />General Fund Contribution $4,948,299 <br />Capital Reserve Contribution 27,553,915 <br />Capital Projects Fund Contribution 2,753,931 <br />TOTAL REVENUES $35,256,145 <br />C. The following appropriations are made as listed. <br />Odell Grades 3 -5 Elementary School <br />$22,516,035 <br />Northwest Middle School Roof <br />885,470 <br />Rocky River Elementary School Roof <br />599,904 <br />Winecoff Elementary School Roof <br />655,571 <br />Mt. Pleasant High School Roof <br />638,894 <br />Jay M. Robinson High School. Roof <br />1,146,752 <br />Early College Site at RCCC <br />727,960 <br />Kannapolis Intermediate Renovations - Carver Elem <br />850,000 <br />CBTC Campus Renovations, Safety, Security <br />184,075 <br />CBTC A/C Units Replacement Phase II <br />105,000 <br />School Land Banking <br />5,145,000 <br />Concord Middle School Roof <br />884,359 <br />Harrisburg Elementary School Roof <br />917,125 <br />TOTAL EXPENDITURES <br />$35,256,145 <br />GRAND TOTAL - REVENUES <br />$35,256,145 <br />GRAND TOTAL - EXPENDITURES <br />$35,256,145 <br />Section II. <br />A. Special appropriations to non- profit organizations shall be distributed <br />after the execution of an agreement which ensures that all County funds <br />are used for statutorily permissible public purposes. <br />3. 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 and <br />revenues within a function without limitation. <br />2. The County Manager may transfer amounts up to $500,000 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 shortfalls <br />or upon the appropriate approval of a change order. <br />4. The County Manager is authorized to transfer funds from the General <br />Fund or Capital Reserve Fund to the appropriate fund for projects <br />approved within the Capital Improvement Plan for the current fiscal <br />year. <br />5. Upon notification of funding increases or decreases to existing <br />grants or revenues, or the award of grants or revenues, the Manager <br />or designee may adjust budgets to match, including grants that <br />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 />amendments to construction contracts in amounts less than $90,000 <br />