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July 20, 2015 (Regular Meeting) <br />Page 2495 <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 />a. It is estimated that the following revenues will be available <br />to complete capital projects as listed. <br />General Fund Contribution $4,220,339 <br />Capital Reserve Contribution $19,735,848 <br />Capital Projects Fund Contribution $2,738,951 <br />TOTAL REVENUES $26,695,138 <br />C. The following appropriations are made as listed. <br />Odell Grades 3 -5 Elementary School <br />Northwest Middle School Roof <br />Rocky River Elementary School Roof <br />Winecoff Elementary School Roof <br />Mt. Pleasant High School Roof <br />Jay M. Robinson High School Roof <br />TOTAL EXPENDITURES <br />GRAND TOTAL - REVENUES <br />GRAND TOTAL -- EXPENDITURES <br />Section II. <br />$22,481,728 <br />$1,001,329 <br />$708,370 <br />$733,320 <br />$619,297 <br />$l, 151,094 <br />$26,695,138 <br />$26,695,138 <br />$26,695,138 <br />A. Special appropriations to non - profit organizations shall be <br />distributed after the execution of an agreement which ensures that <br />all County funds are used for statutorily permissible public <br />purposes. <br />S. The County Manager or designee is hereby authorized to transfer <br />appropriations within or between funds, or modify revenue and <br />expenditure projections as contained herein under the following <br />conditions: <br />1. The Manager may transfer amounts between objects of expenditure <br />and revenues within a function without limitation. <br />2. The County Manager may transfer amounts up to $500,000 between <br />functions of the same fund. <br />3. The County 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 order. <br />4. The County Manager is authorized to transfer funds from the <br />General Fund or Capital Reserve Fund to the appropriate fund for <br />projects approved within the Capital Improvement Plan for the <br />current fiscal year. <br />S. Upon notification of funding increases or decreases to existing <br />grants or revenues, or the award of grants or revenues, the <br />Manager or designee may adjust budgets to match, including grants <br />that require a County match for which funds are available_ <br />