BC 2016 11 21 Regular Meeting - Laserfiche WebLink

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November 21, 2016 (Regular Meeting) Page 2963 services and related agreement and budget amendment have been provided for additional detail. Chairman Morris advised this is an important component to our court system and providing parking, current and going into the future, will be a cooperative effort with the City of Concord. UPON MOTION, of Commissioner Shue, seconded by Commissioner Mynatt and unanimously carried, the Board approved the Morris-Berg proposal, related budget amendment, project ordinance and authorized the County Manager to execute the related agreement, subject to review or revision by the County Attorney. Date: 11/21/2016 Amount: $802,000 Dept. Head: Pamela S. Dubois Department: 369 LOBS 2017 ❑ Internal Transfer Within Department ❑ Transfer Between Departments/Funds © Supplemental Request Purpose: To allocate funds for the Architectural fees for the Construction of a Parking Deck in Downtown Concord. The construction cost will be financed through a limited obligation bond which is anticipated in 2017. Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget 00161960-6901 Fund Balance Approp. $0.00 $802,000.00 $802,000.00 00191960-9708 Cont. Capital Project $93,899.40 $802,000.00 $895,899.40 36961110-6902 Cont. From General Fd $0.00 $802,000.00 $802,000.00 36991110-9607 Architect $0.00 $802,000.00 $802,000.00 Ordinance No. 2016-55 CABARRUS COUNTY LIMITED OBLIGATION BONDS 2017 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 of a Parking Deck. Details of the project are listed in section C. 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. It is estimated that the following revenues will be available to complete capital projects as listed. General Fund Contribution $802, 000 TOTAL REVENUES $802, 000 1. The following appropriations are made as listed. Parking Deck Downtown Concord $802, 000 TOTAL EXPENDITURES $802,000 GRAND TOTAL - REVENUES $802,000 GRAND TOTAL - EXPENDITURES $802,000 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.