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December 19, 2016 (Regular Meeting) Page 2988
<br /> process. She stated the audit report, financials and compliance have been
<br /> submitted, approved by the Local Government Commission and an unmodified audit
<br /> opinion was issued. She also presented a brief overview of the audit process
<br /> regarding financial statement findings, single audit findings, the qualified
<br /> opinion on the Child Care Program and uniform guidance.
<br /> Ben Rose, Department of Human Services (DHS) , Director, reported on
<br /> strategies that will be deployed to address audit findings and to meet the new
<br /> guidelines.
<br /> Diane Gridley, DHS, Economic Services Program Administrator, provided
<br /> additional information on child care procedures. Lora Lipe, DHS, Day Care
<br /> Supervisor, was also in attendance.
<br /> A discussion ensued. During discussion, Mr. Rose and Ms. Gridley
<br /> responded to questions from the Board.
<br /> Ms. Fearrington thanked Suzanne Burgess, Assistant Finance Director;
<br /> Douglas Brewer, Senior Accountant; Pam Dubois, Senior Deputy County Manager;
<br /> and the entire Finance staff for their assistance in completing the audit and
<br /> CAFR this year. She requested approval of the 2016 CAFR, 15 Percent Fund
<br /> Balance Policy budget amendment, and the related project ordinance.
<br /> UPON MOTION of Vice Chairman Honeycutt, seconded by Commissioner Mynatt
<br /> and unanimously carried, the Board accepted the Fiscal year 2016 Comprehensive
<br /> Annual Financial Report and related budget amendments and project ordinance as
<br /> presented.
<br /> Ordinance No. 2016-57
<br /> CABARRUS COUNTY CAPITAL RESERVE
<br /> CAPITAL PROJECT 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 purpose of accumulating and
<br /> appropriating funds specifically for future County and School capital
<br /> projects.
<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 /> C. It is estimated that the following revenues will be available to
<br /> complete capital projects as listed.
<br /> Contributions from General Fund $69, 336, 508
<br /> Contributions from CVB 573, 771
<br /> Contribution from Capital Projects Fund 6, 600
<br /> Interest on Investments 329, 142
<br /> TOTAL REVENUES $70, 246, 021
<br /> D. The following appropriations are made as listed:
<br /> Mt. Pleasant Middle School Replacement $3,237, 692
<br /> Royal Oaks Elementary 2, 309, 480
<br /> Kannapolis Middle School 1, 274, 194
<br /> Odell 3-5 Elementary School 19, 755, 175
<br /> New High School-Weddington Road 3, 294, 350
<br /> Kannapolis Intermediate Renovation(Carver) 850, 000
<br /> CBTC Campus Renovations, Safety, Security 184, 075
<br /> CBTC A/C Unit Replacement Phase 11 105, 000
<br /> School Land Banking 5, 145, 000
<br /> Concord Middle School Roof 884,359
<br /> Harrisburg Elementary School Roof 630, 306
<br /> R. Brown McAllister School 30, 000
<br /> RCCC - Advanced Technology Center 1, 580,396
<br /> Community College Renovations 280, 043
<br /> Cabarrus County Schools - Buses 875, 000
<br /> Cabarrus County Schools - Mobile Units 1, 110, 000
<br /> School Contingency 3, 170, 488
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