BC 2014 06 16 Regular Meeting - Laserfiche WebLink

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June 16, 2014 (Regular Meeting) Budget Ordinance. Adopted this the 16 day of June, 2014. Page 2096 /s1 Elizabeth F. Poole Elizabeth F. Poole, Chairman /s/ Megan Smit Megan Smit, Clerk to the Board (G -7) Finance - Update of the Construction and Renovation Fund Budget and Related Project Ordinance for Public Safety Radio Replacements and Governmental Center Chiller Re lacement Pam Dubois, Deputy County Manager, advised this item is no longer necessary since the radios and chiller were removed in the adopted budget motion. (G -8) Finance - Update the Small Projects Capital Fund Budget and Related Pro Ordinance for the Prime Farmland Protect Pam Dubois, Deputy County Manager, advised, as part of the FY15 Capital Improvement Plan, $125,000.00 is allocated to the Prime Farmland Project. The $125,000.00 will be reallocated within the Small Projects Fund from Deferred Tax Collections into the Soil and Water Department to be used for the surveys, appraisals and purchase of land for conservation efforts. This agenda item records the reallocation of funds through a budget amendment and revised Small Projects Capital Project Ordinance. The total Small Projects Fund is not increased or decreased by this action. UPON MOTION of Vice Chairman Burrage, seconded by Commissioner Measmer and unanimously carried, the Board approved the revised Small Projects Capital Projects Ordinance and the related budget amendment. Date:5 /22/2014 Amount: $125,000 Dept. Head: Susan Fearrington, Asst. Finance Director Department: Small Projects Fund Internal Transfer Within Department E Transfer Between Departments /Funds 5 Supplemental Request Purpose: This budget amendment reallocates Deferred Tax collections within the Small Projects Fund to the Soil and Water Conservation Department for the future acquisition of Prime Farmland. $25,000 will be used for surveys and appraisals and $100,000 will be used for the purchase of land or to match a grant for the purchase of land for conservation efforts. Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget 46060000 -6023 Deferred Tax Collect $525,000.00 $125,000.00 $400,000.00 46090000 -9830 Other Improvements $601,500.00 $125,000.00 $476,500.00 46063270 -6023 Deferred Tax Col S &W $0.00 $125,000.00 $125,000.00 46093270 -9445 Purch Sery - S &w $25,000.00 $25,000.00 $50,000.00 46093270 -9698 S & w Dist Activities sloo,000.001 $100,000.00 $200,000.00 Ordinance No. 2014 -21 CABARRUS COUNTY SMALL PROJECTS CAPITAL PROJECT ORDINANCE BE IT ORDAINED, by the Board of County Commissioners of the County of Cabarrus, North Carolina that, pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project ordinance is hereby adopted: Section I. A. The project authorized is for the purpose of accumulating and appropriating general fund revenues and federal and state grants funds received specifically for use by the appropriate Cabarrus County Department who has received the funds. B. The officers of this unit are hereby directed to proceed with this capital project within the terms of the guidelines as set forth by the federal and state government, Generally Accepted Accounting Principles (GAAP) and the budget contained herein. C. It is estimated that the following revenues will be available to complete capital projects as listed: Board of Elections Department: Interest on Investments $ 33,200 Contribution from General Fund $ 25,621 Contribution from Capital Reserve $ 150,000