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January 20, 2015 (Regular Meeting)
<br />Section I.
<br />Page 2257
<br />A. The project authorized is for the purpose of accumulating and
<br />appropriating general fund revenues and federal and state grants
<br />funds received specifically for use by the appropriate Cabarrus
<br />County Department who has received the funds.
<br />B. The officers of this unit are hereby directed to proceed with this
<br />capital project within the terms of the guidelines as set forth by
<br />the federal and state government, 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 />Board of Elections Department:
<br />Interest on
<br />Investments
<br />$
<br />33,200
<br />Contribution
<br />from General Fund
<br />$
<br />25,621
<br />Contribution
<br />from Capital Reserve
<br />$
<br />150,000
<br />Operating Revenues (Fees, Donations)
<br />$
<br />$
<br />208,821
<br />Register of Deeds
<br />Department:
<br />Porter Project2
<br />$
<br />Register of
<br />Deeds Fees
<br />$
<br />1,146,662
<br />Interest on
<br />Investments
<br />$
<br />37,303
<br />Contribution
<br />from General Fund
<br />$
<br />77,504
<br />$ 1,261,469
<br />Soil and Water Department:
<br />ADFP Grant
<br />$
<br />89,600
<br />Clean Water Trust Fund Grant
<br />$
<br />521,833
<br />Clarke Creek Grant
<br />$
<br />49,800
<br />EEP Contract
<br />$
<br />16,900
<br />Operating Revenues (Fees, Donations)
<br />$
<br />10,807
<br />Porter Project
<br />$
<br />525,000
<br />Porter Project2
<br />$
<br />684,338
<br />Contribution from General Fund
<br />$
<br />125,000
<br />Deferred Farm Tax. Collections
<br />$
<br />125,000
<br />Interest on Investments
<br />$
<br />1,700
<br />$
<br />2,149,978
<br />Commerce Department:
<br />NC Tobacco Trust Fund - Site Development
<br />$
<br />75,000
<br />Cooperative Extension Department:
<br />ADFP Grant $ 675,000
<br />Contribution from Capital Reserve $ 400,000
<br />Contribution from General Fund $ 611,178
<br />Interest on Investments $ 342
<br />Elma C. Lomax Farm Project:
<br />$ 1,686,520
<br />Deferred Farm Tax Collections $ 65,062
<br />Deferred Farm Tax Interest on Investments $ 8,941
<br />Contribution from General Fund $ 197,229
<br />Donations - Cannon Trust $ 152,600
<br />Operating Revenues (Fees, Donations) $ 7,301
<br />Interest on Investments $ 7,837
<br />$ 438,970
<br />Local Agricultural Preservation Projects:
<br />Deferred Farm Tax Collections $ 490,503
<br />Deferred Farm Tax Interest $ 75,104
<br />Interest on Investments $ 1,000
<br />$ 566,607
<br />TOTAL, REVENUES $ 6,387,365
<br />D. The following appropriations are made as listed:
<br />Board of Elections Department:
<br />Board of Elections Equipment and Furniture $ 208,821
<br />Register of Deeds Department:
<br />Register of Deeds Automation & Preservation $ 1,261,469
<br />Soil and Water Department:
<br />ADFP Conservation Easement $ 89,600
<br />Clean Water Trust Fund Grant $ 538,436
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