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December 1, 2015 (Work Session) Page 2594
<br />UPON MOTION of Commissioner Honeycutt, seconded by Commissioner Mynatt
<br />and unanimously carried, the Board suspended its Rules of Procedures in order
<br />to take action on this item.
<br />UPON MOTION of Commissioner Shue, seconded by Commissioner Mynatt and
<br />unanimously carried, the Board accepted the Fiscal Year 2015 Comprehensive
<br />Annual Financial Report (CAFR) as presented and approved the budget amendment
<br />and project ordinance for the Capital Reserve Fund.
<br />Date: 12 /1/2015 Amount:$18,779,157.00
<br />Dept.
<br />Head: Susan Fearrington Department: Finance
<br />❑ Internal Transfer Within Department ❑ Transfer Between Departments /Funds 0 Supplemental Request
<br />Purpose: Transfer per 15% Fund Balance Policy based on 6 -30 -15 Audit.
<br />Account Number
<br />Account Name
<br />Approved Budget
<br />Inc Amount
<br />Dec Amount
<br />Revised Budget
<br />00191960 -9707
<br />Contribution to CRF
<br />$0.00
<br />$18,779,157.00
<br />School Contingency
<br />$18,779,157.00
<br />00161960 -6901
<br />Fund Balance Appr
<br />$0.00
<br />$18,779,157.00
<br />Park Projects /CVB
<br />$18,779,157.00
<br />45067220 -6902
<br />Contribution from GF
<br />$45,074,749.91
<br />$16,779,157.00
<br />Harrisburg EMS Station
<br />$63,853,906.91
<br />45097220 -9821
<br />Bldg & Renovations
<br />$6,610,632.24
<br />$16,779,157.00
<br />GRAND TOTAL - EXPENDITURES
<br />$25,389,789.24
<br />Ordinance No. 2015 -42
<br />CABARRUS COUNTY CAPITAL RESERVE
<br />CAPITAL PROJECT BUDGET ORDINANCE
<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 $63,853,907
<br />Contributions from CVB 843,617
<br />Contribution from Capital Projects 6,600
<br />Fund 329,142
<br />Interest on Investments
<br />TOTAL REVENUES $65,033,266
<br />D. The following appropriations are made as listed:
<br />Odell 3 -5 Elementary School
<br />$19,755,175
<br />Mt. Pleasant Middle School
<br />2,620,000
<br />Replacement
<br />1,645,000
<br />Royal Oaks Elementary
<br />B49,100
<br />Kannapolis Middle School
<br />3,235,336
<br />School Contingency
<br />5,796,633
<br />County Facility Projects
<br />4,243,573
<br />Park Projects
<br />843,617
<br />Park Projects /CVB
<br />25,389,789
<br />Other County Capital Projects
<br />280,043
<br />Community College Renovations
<br />375,000
<br />Harrisburg EMS Station
<br />TOTAL EXPENDITURES
<br />$65,033,266
<br />GRAND TOTAL - REVENUES
<br />$65,033,266
<br />GRAND TOTAL - EXPENDITURES
<br />$65,033,266
<br />Section II.
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