BC 2015 09 21 Regular Meeting - Laserfiche WebLink

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September 21, 2015 (Regular Meeting) Section I. Page 2549 A. The project authorized is for the construction and renovations of Public Schools. Details of the projects are listed in section D. 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. a. It is estimated that the following revenues will be available to complete capital projects as listed. General Fund Contribution $4,795,299 Capital Reserve Contribution $19,735,848 Capital Projects Fund Contribution $2,738,951 TOTAL REVENUES $27,270,098 C. The following appropriations are made as listed. Odell Grades 3 -5 Elementary School $22,481,728 Northwest Middle School Roof $1,001,329 Rocky River Elementary School Roof $708,370 Winecoff Elementary School Roof $733,320 Mt. Pleasant High School Roof $619,297 Jay M. Robinson High School Roof $1,151,094 Early College Site at RCCC $574,960 TOTAL EXPENDITURES $27,270,096 GRAND TOTAL - REVENUES $27,270,098 GRAND TOTAL - EXPENDITURES $27,270,098 Section TT. A. Special appropriations to non - profit 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 $500,000 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.