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June 15, 2015 (Regular Meeting) Page 2453 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 15th day of June, 2015. CABARRUS COUNTY BOARD OF COMMISSIONERS BY: /s/ Stephen M. Morris Stephen M. Morris, Chairman ATTEST: fsf Megan Smit Clerk to the Board (F -7) Finance - Lottery Proceeds Allocated for Rowan County Schools within the Kannapolis City Schools District Lottery revenue projects approved and allocated for Kannapolis City Schools that are located within Rowan County are being transferred by the State to the Cabarrus County Disbursing Account. we are the caretakers of these funds, therefore Cabarrus County is responsible for recording the revenue and expenditures for the Rowan County projects in the Cabarrus County Public School Building Capital Fund. Rowan County will be submitting a $300,000.00 request to the State of North Carolina to be used for Debt Service. Because the funds are passed through Cabarrus County's general ledger, we are required to prepare an updated Project Ordinance and related budget amendment. UPON MOTION of Commissioner Mynatt, seconded by Commissioner Honeycutt and unanimously carried, the Board approved the updated Public School Building Capital Fund Project Ordinance and related budget amendment. Date; 5/27/2015 Amount: $300, 000. 00 Dept. Head: Susan Fearrington, Finance Director Department: Finance- Public School Building Cap Fund Internal Transfer within Department ❑ Transfer Between Departments /Funds FD Supplemental Request Purpose: This amendment records the Public School Building Capital Lottery funds requested from the Department of Public Instruction. The funds will be used towards school debt service payments for Rowan County Schools. Cabarrus County is a pass through for the Rowan County Lottery Funds fnr i"hP nnri of Rowan C'nunty that is within. the Kannapolis Citv school Svstem. Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget 32067210 -6444 -0617 Lottery Proceeds -Rowan $0.00 $300,000.00 $300,000.00 32097210 - 9704 -0617 Cent to Gen Fd -Rowan $0.00 $300,000.00 Ordinance No. 2015 -22 PUBLIC SCHOOL BUILDING CAPITAL PROJECTS FUND BUDGET ORDINANCE BE IT ORDAINED by the Board of Commissioners of Cabarrus County, North Carolina that, Pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project ordinance is hereby adopted: Section I. A. The project authorized is the various County construction and renovation related projects. Details of the projects are listed in section C. of this Project Ordinance. 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.