BC 2016 11 21 Regular Meeting - Laserfiche WebLink

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November 21, 2016 (Regular Meeting) Page 2959 direction in carrying out this project. d. At the completion of a construction project, all unrestricted excess funds are transferred to the General Fund and the portion of the Capital Project associated with the project is closed. Adopted this the 21St day of November, 2016. CABARRUS COUNTY BOARD OF COMMISSIONERS BY: /s/ Stephen M. Morris Stephen M. Morris, Chairman ATTEST: /s/ Megan Smit Clerk to the Board (F-8) County Manager - State Salary Match for Local Rowan-Cabarrus Community College Positions The Rowan-Cabarrus Community College Board of Trustees approved a fiscal 2016-2017 college budget on September 26, 2016. The State Budget Act provided provisions for a salary increase and a one-time bonus for all State-funded employees. The college awards the same salary increase and bonuses for County funded positions. The total salary increase for full-time, Cabarrus County funded employees (including paid FICA and retirement match) is $7, 638. 00. The one-time bonus for full-time, Cabarrus County funded employees is $8, 118.00. The total requested is $15,756.00. Part of these funds were set aside in contingency and the balance will come from the unassigned contingency funds. UPON MOTION of Vice Chairman Honeycutt, seconded by Commissioner Mynatt and unanimously carried, the Board adopted the budget amendment. Date: 11/21/2016 Amount: $15,756 Dept. Head: Pamela S. Dubois Department: Rowan Cabarrus Community College ❑ Internal Transfer Within Department © Transfer Between Departments/Funds ❑ Supplemental Request Purpose: To allocate funds for the state salary match for local positions based on the adoption of the state budget. Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget 00197140-9719 RCCC Current Expense $2,346,076.00 $15,756.00 $2,361,832.00 00191910-9660 Contingency $1,924,493.00 $15,756.00 $1,908,737.00 (F-9) Finance - Contractual Incentive Payment for SMG (Cabarrus Arena) The contract between Cabarrus County and SMG, the operator of the Cabarrus Arena and Events Center, includes annual incentive payments based on quantitative and qualitative measurements, as well as food sales volumes. The attached documents detail the calculations of the incentive amounts. This document has been reviewed by Finance staff and is in keeping with the contract. A budget amendment for the incentive payments is also included with this agenda item. UPON MOTION of Vice Chairman Honeycutt, seconded by Commissioner Mynatt and unanimously carried, the Board approved the incentive payments and adopted the associated budget amendment. Date: 11/21/2016 Amount: $142,071 Dept. Head: Susan Fearrington Department: Finance - Arena Ll Internal Transfer within Department L Transfer Between Departments/Funds 0 Supplemental Request Purpose: This budget amendment is to appropriate fund balance from FY2016 for the payment of Arena performance management fees to SMG. Management Company. These fees are based off calculations that were agreed upon by management and are related to specific profitability and performance measurements. Fees are composed of a quantitative portion relating to Gross Operating revenue and a qualitative portion relating to more subjective performance measures. The fee for the Arena operations is $58,958 and the fee for the Food & Beverage is $83,113. Account Account Approved Inc Dec Revised Number Name Budget Amount Amount Budget 42098310-9404 Performance Incentives $0.00 $58,958.00 $58,958.00 42098310-9404-FSVC Performance Inc F&B $0.00 $83,113.00 $83,113.00 42068310-6901 Fund Balance Approp $16,944.00 $142,071.00 $159,015.00 (F-10) Planning and Development - Soil and Water Division - Farmland Preservation Grant Applications