BC 2015 06 14 Regular Meeting - Laserfiche WebLink

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June 15, 2015 (Regular Meeting) adopted: Section I. Page 2445 A. The project authorized is for the purpose of accumulating and appropriating funds specifically for future County and School capital projects. B. The officers of this unit are hereby directed to proceed with this capital project within the terms of the Generally Accepted Accounting Principles (GAAP) and the budget contained herein. C. It is estimated that the following revenues will be available to complete capital projects as listed. Contributions from General Fund $45,074,750 Contributions from CVB $843,617 Interest on Investments $329,142 TOTAL REVENUES $46,247,509 D. The following appropriations are made as listed: Odell 3 -5 Elementary School $18,482,892 Mt. Pleasant Middle School Replacement $2,000,000 Royal Oaks Elementary $980,500 County Facility Projects $6,331,633 Park Projects $4,243,573 Park Projects /CVB $843,617 Other County Capital Projects $12,710,251 Community College Renovations $280,043 Harrisburg EMS Station $375,000 TOTAL EXPENDITURES $46,247,509 GRAND TOTAL - REVENUES $46,247,509 GRAND TOTAL - EXPENDITURES $46,247,509 Section II. A. Special appropriations to non- prcfil organizations shall be distributed after the execution of an agreement which ensures that all County funds are used for statutorily permissible public purposes. B. The County Manager or designee is hereby authorized to transfer appropriations within or between funds, or modify revenue and expenditure projections as contained herein under the following conditions: 1. The Manager may transfer amounts between objects of expenditure and revenues within a function without limitation. 2. The County Manager may transfer amounts up to $100,000 between functions of the same fund. 3. The County 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. 4. The County Manager is authorized to transfer funds from the General Fund or Capital Reserve Fund to the appropriate fund for projects approved within the Capital Improvement Plan for the current fiscal year. 5. Upon notification of funding increases or decreases to existing grants or revenues, or the award of grants or revenues, the Manager or designee may adjust budgets to match, including grants that require a County match for which funds are available. 6. The Manager or designee may adjust debt financing from estimated projections to actual funds received.