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August 17, 2015 (Regular Meeting) <br />Page 2525 <br />d. At the completion of a construction project, all unrestricted <br />excess funds are transferred to the General Fund and the portion <br />of the Capital Project associated with the project is closed. <br />Adopted this the 17th day of August, 2015. <br />CABARRUS COUNTY BOARD OF COMMISSIONERS <br />BY: /s/ Stephen M. Morris <br />Stephen M. Morris, Chairman <br />ATTEST: <br />/s/ Megan Smit <br />Clerk to the Board <br />CABARRUS COUNTY CAPITAL RESERVE <br />CAPITAL PROJECT BUDGET ORDINANCE <br />Ordinance No. 2015 -34 <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 />adopted: <br />Section I. <br />A. The project authorized is for the purpose of accumulating and <br />appropriating funds specifically for future County and School <br />capital projects. <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 />C. It is estimated that the following revenues will be available to <br />complete capital projects as listed. <br />Contributions from General Fund <br />Contributions from CVB <br />Contribution from Capital Projects Fund <br />Interest on Investments <br />TOTAL REVENUES <br />D. The following appropriations are made as listed: <br />Odell 3 -5 Elementary School <br />Mt. Pleasant Middle School Replacement <br />Royal Oaks Elementary <br />School Contingency <br />County Facility Projects <br />Park Projects <br />Park Projects /CVB <br />Other County Capital Projects <br />Community College Renovations <br />Harrisburg EMS Station <br />TOTAL EXPENDITURES <br />GRAND TOTAL - REVENUES <br />GRAND TOTAL - EXPENDITURES <br />Section II. <br />$45,074,750 <br />$843,617 <br />$6,600 <br />$329, 142 <br />$46,254,109 <br />$19,735,848 <br />$2,620,000 <br />$1,541,250 <br />364,244 <br />$5,796,633 <br />$4,243,573 <br />$843,617 <br />$10,453,901 <br />$280,043 <br />$375,000 <br />$46,254,109 <br />$46,254,109 <br />$46,254,109 <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 />B. 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 />