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June 19, 2017 (Regular Meeting) Page 3192
<br /> 10. The County Manager may reject formal bids when deemed appropriate
<br /> and in the best interest of Cabarrus County pursuant to G.S. 143-
<br /> 129(a) .
<br /> 11. The County Manager may reduce revenue projections consistent with
<br /> prevailing economic conditions, and also reduce expenditures
<br /> correspondingly.
<br /> Section III.
<br /> This ordinance and the budget documents shall be the basis of the
<br /> financial plan for the County of Cabarrus.
<br /> a. The Finance Director is hereby directed to maintain within the
<br /> Capital Project Fund sufficient detailed accounting records to
<br /> satisfy the requirements of the law.
<br /> b. The Finance Director is directed to report, at the request of the
<br /> Board, on the financial status of each project element in Section
<br /> I and on the total revenues received or claimed.
<br /> c. Copies of this capital project ordinance shall be furnished to the
<br /> Clerk to the governing Board, and to the Finance Director for
<br /> direction in carrying out this project.
<br /> d. At the completion of a construction project, all unrestricted excess
<br /> funds are transferred to the General Fund and the portion of the
<br /> Capital Project associated with the project is closed.
<br /> Adopted this the 19th day of June, 2017.
<br /> CABARRUS COUNTY BOARD OF COMMISSIONERS
<br /> BY: /s/ Stephen M. Morris
<br /> Stephen M. Morris, Chairman
<br /> ATTEST:
<br /> /s/ Megan Smit
<br /> Clerk to the Board
<br /> Date: 6/19/2017 Amount: $77,366.76
<br /> Dept. Head: Susan Fearrington (prepared by staff) Department: 364 School Construction Fund
<br /> 11 Internal Transfer Within Department II Transfer Between Departments/Funds 0 Supplemental Request
<br /> Purpose: This budget amendment is to move the unspent funds from the completed Odell School Project
<br /> into an available Other Improvements account.
<br /> Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget
<br /> 36460000-6921-AVAIL Cont'b from CRF $0.00 $73,311.85 $73,311.85
<br /> 36460000-6910-AVAIL Cont'b from Cap Proj f $0.00 $4,054.91 $4,054.91
<br /> 36490000-9830-AVAIL Other Improvements $0.00 $77,366.76 $77,366.76
<br /> 36497342-9845 Admin/Legal $65,000.00 $0.01 $64,999.99
<br /> 36497342-9606 Engineers $238,000.00 $3,051.45 $234,948.55
<br /> 36497342-9607 Architects $1,005,000.00 $8,691.13 $996,308.87
<br /> 36497342-9803 utility Extensions $14,979.91 $4,054.91 $10,925.00
<br /> 36497342-9820 Construction $17,660,461.00 $2,297.45 $17,658,163.55
<br /> 36497342-9820-0599 Construction-Owner $220,130.00 $19,850.46 $200,279.54
<br /> 36497342-9860 Equip & Furniture $850,976.82 $2,789.89 $848,186.93
<br /> 36497342-9862 Technology $924,470.00 $903.26 $923,566.74
<br /> 36497342-9864 Tech Infrastructure $256,985.00 $240.17 $256,744.83
<br /> 36497342-9825 Contra Sales Tax ($298,657.55) $35,488.03 ($334,145.58)
<br /> 36467342-6921 Cont'b from CRF $19,755,175.25 $73,311.85 $19,681,863.40
<br /> 36467342-6910 Cont'b from Cap Proj f $327,153.661 $4,054.911 $323,098.75
<br /> Ordinance No. 2017-34
<br /> CABARRUS COUNTY SCHOOL CONSTRUCTION PROJECT
<br /> 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 construction and renovations of Public
<br /> Schools. Details of the projects are listed in section D. of this Project
<br />
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