BC 2016 10 17 Regular Meeting - Laserfiche WebLink

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October 17, 2016 (Regular Meeting) Page 2902 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 $4,947,602 Capital Reserve Contribution 27,553,915 Capital Projects Fund Contribution 2,470,634 TOTAL REVENUES $34,972,151 C. The following appropriations are made as listed. Odell Grades 3 -5 Elementary School $22,516,035 R. Brown McAlister School 30,000 Northwest Middle School Roof B85,470 Rocky River Elementary School Roof 599,904 Winecoff Elementary School Roof 655,571 Jay M. Robinson High School Roof 1,146,752 Early College Site at RCCC 746,860 Kannapolis Intermediate Renovations - Carver Elem 850,000 CBTC Campus Renovations, Safety, Security 184,075 CBTC A/C Units Replacement Phase II 105,000 School Land Banking, 5,145,000 New High School - Weddington Road 306,000 Concord Middle School Roof 884,359 Harrisburg Elementary School Roof 917,125 TOTAL EXPENDITURES $34,972,151 GRAND TOTAL - REVENUES $34,972,151 GRAND TOTAL - EXPENDITURES $34,972,151 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. 3. The County Manager may transfer amounts between contingency funds which are set aside for a specific project for budgetary shortfalls or upon the appropriate approval of a change order. 4. The County Manager is authorized to transfer funds from the General Fund or Capital Reserve Fund to the appropriate fund for projects approved within the Capital Improvement Plan for the current fiscal. year. 5. Upon notification of funding increases or decreases to existing grants or revenues, or the award of grants or revenues, the Manager or designee may adjust budgets to match, including grants that require a County match for which funds are available. 6. The Manager or designee may adjust debt financing from estimated projections to actual funds received.