BC 2017 06 19 Regular Meeting - Laserfiche WebLink

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June 19, 2017 (Regular Meeting) Page 3202 Section 3. The following budgeted amounts are appropriated for the projects: Bank Service Charges - Concord $ 3,585 Renovations & Upfit at Concord Branch $ 1,080, 681 Renovations & Upfit at Mt. Pleasant Branch $ 9,740 Renovations & Upfit at Kannapolis Branch $ 50,000 Total $ 1, 144,006 Section 4. The following revenues are anticipated to be available to complete this project: Contributions and Private Donations $ 923,758 Contributions and Donations - Flowe Trust $ 11,331 Interest on Investments $ 154,301 Interest on Investments - Trust $ 44, 876 Private Donation for Mt. Pleasant Library $ 9,740 Total $ 1, 144, 006 Section 5. The Finance Officer is hereby directed to maintain within the Capital Projects Fund sufficient detailed accounting records. Section 6. Funds may be advanced from the General Fund for the purpose of making payments as due. Reimbursement to the General Fund should be made in an orderly and timely manner. Section 7. The Finance Officer is directed to report, at the request of the Board, on the financial status of each project element in Section 4 and on the total revenues received or claimed. Section 8. Copies of this project ordinance shall be furnished to the Clerk to the Governing Board, and to the Budget Officer and the Finance Officer for direction in carrying out this project. Section 9. At the completion of the project, all unrestricted excess funds are transferred to the General Fund and the Capital Project Ordinance is closed. Section 10. The County Manager is hereby authorized to transfer revenues and appropriation within an ordinance as contained herein under the following conditions: a. The Manager may transfer amounts between objects of expenditures and revenues within a function without limitation. b. The Manager may transfer amounts up to $100, 000 between functions of the same ordinance. c. The 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. d. The Manager may enter into and execute change orders or amendments to County construction contracts in amounts up to $90, 000 when the project ordinance contains sufficient appropriated but unencumbered funds. Adopted this 19th day of June 2017. CABARRUS COUNTY BOARD OF COMMISSIONERS BY: /s/ Stephen M. Morris Stephen M. Morris, Chairman ATTEST: /s/ Megan Smit Clerk to the Board (G-3) County Manager - FY18 Economic Development Allocation - Public Hearing 6:30 P.M. Mike Downs, County Manager, advised a public hearing for the County's annual appropriation for the contribution to the Cabarrus Economic Development Corporation is required pursuant to North Carolina General Statute 158-7 .1. Funding for this program is included in the approved FY 2018 Budget. Chairman Morris opened the Public Hearing at 6:56 p.m. The Public Hearing Notice was posted on the County' s website (www.cabarrus county.us) on June 7,