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May 19, 2014 (Regular Meeting) Page 2027
<br />ATTEST:
<br />/s/ Megan Smit
<br />Clerk to the Board
<br />Ordinance No. 2014 -14
<br />CABARRUS COUNTY SMALL PROJECTS
<br />CAPITAL PROJECT ORDINANCE
<br />BE IT ORDAINED, by the Board of County Commissioners of the
<br />County of Cabarrus, North Carolina that, pursuant to Section 13.2 of
<br />Chapter 159 of the General Statutes of North Carolina, the following
<br />capital project ordinance is hereby adopted:
<br />Section I.
<br />A. The project authorized is for the purpose of accumulating and
<br />appropriating general fund revenues and federal and state
<br />grants funds received specifically for use by the appropriate
<br />Cabarrus County Department who has received the funds.
<br />B. The officers of this unit are hereby directed to proceed with
<br />this capital project within the terms of the guidelines as set
<br />forth by the federal and state government, Generally Accepted
<br />Accounting Principles (GAAP) and the budget contained herein.
<br />C. It is estimated that the following revenues will be available
<br />to complete capital projects as listed:
<br />Board of Elections Department:
<br />Interest on Investments
<br />$
<br />$
<br />33,200
<br />Contribution from General
<br />Fund
<br />$
<br />25,621
<br />Contribution from Capital
<br />Reserve
<br />$
<br />150,000
<br />$
<br />$
<br />208,821
<br />Register of Deeds Department:
<br />Deferred Farm Tax Collections
<br />$
<br />Register of Deeds Fees
<br />Deferred Farm Tax Interest on Investments
<br />$
<br />1,108,643
<br />Interest on Investments
<br />$
<br />$
<br />37,303
<br />Contribution from General
<br />Fund
<br />$
<br />77,504
<br />7,301
<br />Interest on Investments
<br />$
<br />1,223,450
<br />Soil and Water Department:
<br />$
<br />447,465
<br />Local Agricultural Preservation Projects:
<br />ADFP Grant
<br />$
<br />89,600
<br />Clean Water Trust Fund Grant
<br />$
<br />521,833
<br />Clarke Creek Grant
<br />Interest on Investments
<br />$
<br />49,800
<br />EEP Contract
<br />$
<br />16,900
<br />Operating Revenues (Fees,
<br />Donations)
<br />$
<br />8,525
<br />Porter Project
<br />$
<br />525,000
<br />Contribution from General
<br />Fund
<br />$
<br />125,000
<br />Interest on Investments
<br />$
<br />1,700
<br />$
<br />1,338,358
<br />Commerce Department:
<br />NC Tobacco Trust Fund - Site Development
<br />$
<br />75,000
<br />Cooperative Extension Department:
<br />ADFP Grant
<br />$
<br />675,000
<br />Contribution from Capital Reserve
<br />$
<br />400.000
<br />Contribution from General Fund
<br />$
<br />611,178
<br />Interest on Investments
<br />$
<br />342
<br />$
<br />1,686,520
<br />Elma C. Lomax Farm Project:
<br />Deferred Farm Tax Collections
<br />$
<br />73,557
<br />Deferred Farm Tax Interest on Investments
<br />$
<br />8,941
<br />Contribution from General Fund
<br />$
<br />197,229
<br />Donations - Cannon Trust
<br />$
<br />152,600
<br />Operating Revenues (Fees, Donations)
<br />$
<br />7,301
<br />Interest on Investments
<br />$
<br />7,837
<br />$
<br />447,465
<br />Local Agricultural Preservation Projects:
<br />Deferred Farm Tax Collections
<br />$
<br />525,000
<br />Deferred Farm Tax Interest
<br />$
<br />75,000
<br />Interest on Investments
<br />$
<br />1,500
<br />$ 601,500
<br />TOTAL REVENUES $ 5,581,114
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