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June 15, 2015 (Regular Meeting) Page 2444 <br />Legal and Debt Expenses 16,497,670 <br />Total $ 98,816,265 <br />Section 4. The following revenues are anticipated to be <br />available to complete this project: <br />Proceed from COPS 85,170,000 <br />Contribution - Capital Projects Fund <br />(Lottery) 5, 639, 943 <br />Contribution - Special Revenue Fund <br />(APFO Fees) 5,115,855 <br />Contribution - Capital Reserve Fund 423,920 <br />Premium on Debt Issue 2,292,583 <br />Interest Income 170,734 <br />Donations 3,230 <br />Total $ 98,816,265 <br />Section 5. The Finance Officer is hereby directed to <br />maintain within the Capital Project Fund sufficient detailed <br />accounting records to satisfy the terms of debt financing <br />resolution. <br />Section 6. Funds may be advanced from the General Fund for <br />the purpose of making payments as due. Reimbursement requests <br />should be made to the grantor agencies in an orderly and timely <br />manner. <br />Section 7. The Finance Officer is directed to report, at <br />the request of the Board, on the financial status of each project <br />element in Section 3 and on the total revenues received or <br />claimed. <br />Section 8. Copies of this capital project ordinance shall <br />be furnished to the Clerk to the Governing Board, and to the <br />Budget Officer and the Finance Officer for direction in carrying <br />out this project. <br />Section 9. At the completion of each individual project, <br />all unrestricted excess funds are transferred to the General Fund <br />and the Capital Project Ordinance is closed. <br />Section 10. The County Manager is hereby authorized to <br />transfer revenues and appropriation within an ordinance as <br />contained herein under the following conditions: <br />a. The Manager may transfer amounts between objects of <br />expenditures and revenues within a function without <br />limitation. <br />b. The Manager may transfer amounts up to $100,000 between <br />functions of the same ordinance. <br />c. The Manager may transfer amounts between contingency funds <br />which are set aside for a specific project for budgetary <br />shortfalls or upon the appropriate approval of a change <br />order by the School Systems. <br />Adopted this 15th day of June, 2015. <br />CABARRUS COUNTY BOARD OF COMMISSIONERS <br />BY: /s/ Stephen M. Morris <br />Stephen M. Morris, Chairman <br />ATTEST: <br />Is/ Megan Smit <br />Clerk to the Board <br />Ordinance No. 2015 -17 <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 <br />Statutes of North Carolina, the following capital project ordinance is hereby <br />