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January 20, 2015 (Regular Meeting) Page 2266 <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 <br />the Clerk to the governing Board, and to the Finance Director for <br />direction in carrying cut this project. <br />d. At the completion of a construction project, all unrestricted <br />excess funds are transferred to the General Fund and the portion <br />of the Capital Project associated with the project is closed. <br />Adopted this the 20th day of January, 2015. <br />CABARRUS COUNTY BOARD OF COMMISSIONERS <br />BY: /s/ Stephen M. Morris <br />Stephen M. Morris, Chairman <br />TTEST: <br />/s/ Megan Smit <br />Clerk to the Board <br />ordinance No. 2015 -05 <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 <br />Statutes of North Carolina, the following capital project ordinance is hereby <br />adopted: <br />Section I. <br />A. The project authorized is for the construction and renovations of <br />Public Schools. Details of the projects are listed in section D. of <br />this Project Ordinance. <br />B. The officers of this unit are hereby directed to proceed with this <br />capital project within the terms of the Generally Accepted <br />Accounting 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 />General Fund Contribution <br />Capital Reserve Contribution <br />Capital Projects Fund Contribution <br />TOTAL REVENUES <br />D. The following appropriations are made as listed. <br />Odell Grades 3 -5 Elementary School <br />Mt. Pleasant Middle School Replacement <br />Northwest Middle School Roof <br />Rocky River Elementary School Roof <br />Winecoff Elementary School Roof <br />Improvement /Construction of School Facilities <br />TOTAL EXPENDITURES <br />$4,220,339 <br />$19,944,166 <br />$2,738,951 <br />$26,903,456 <br />$20,377,$72 <br />$2,000,000 <br />$1,200,000 <br />$1,494,205 <br />$1,519,205 <br />$312,174 <br />$2.6,903,456 <br />