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October 20, 2014 (Regular Meeting) Page 2186
<br />39390000 - 9708 -SCH lCont Cap Proj Fd -Sch 1 $1,250,622.75 $1,998,327.79 1 53,738,950.99
<br />Date:10 /20/2014 Amount: $487, 58 9. 92
<br />Dept. Head: Susan Fearrington Department:Finance - Schools
<br />F Internal Transfer Within Department © Transfer Between Departments /Funds Q Supplemental Request
<br />Purpose: During the 10 -20 -14 Board of Commissioners meeting agenda item G -6 was approved to
<br />settle the School Mediation. Funds of $133,478.74 were allocated to the Contingency fund to make
<br />up a short fall to cover the balance of the new Cabarrus County School students, Cabarrus County
<br />Schools ACA health insurance for substitute teachers and the required match for Kannapolis City
<br />Schools. After the transfer of the $133,478.74 to the Contingency Fund another budget amendment
<br />was needed to complete the transaction. This budget amendment moves the School funds from the
<br />Contingency line item to the Instructional Services line items for Cabarrus County Schools and
<br />Kannapolis Citv Schools so the funds can be properly distributed to the Schools.
<br />Account
<br />Number
<br />Account
<br />Name
<br />Approved
<br />Budget
<br />Inc
<br />Amount
<br />Dec
<br />Amount
<br />Revised
<br />Budget
<br />00191910 -9660
<br />Contingency
<br />$487,589.92
<br />$487,589.92
<br />$0.00
<br />00197110- 970111
<br />Reg Instruct Sery -CCS
<br />$40,098,909.00
<br />$430,889.92
<br />$40,479,298.92
<br />00197130- 970111
<br />Reg Instruct Sery -KCS
<br />$5,457,572.00
<br />$56,700.00
<br />$5,514,272.00
<br />Ordinance No. 2014 -25
<br />CABARRUS COUNTY SCHOOL CONSTRUCTION PROJECT
<br />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 construction and renovations of
<br />Public Schools. Details of the projects are listed in section D. of
<br />this Project Ordinance.
<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 />General Fund Contribution $5,286,633
<br />Capital Reserve Contribution $18,000,000
<br />Capital Projects Fund Contribution $2,738,951
<br />TOTAL REVENUES $26,025,584
<br />D. The following appropriations are made as listed.
<br />Odell Grades 3 -5 Elementary School $19,500,000
<br />Mt. Pleasant Middle School Replacement $2,000,000
<br />Northwest Middle School Roof $1,200,000
<br />Rocky River Elementary School Roof $1,494,205
<br />Winecoff Elementary School Roof $1,519,205
<br />Improvement /Construction of School $312,174
<br />Facilities
<br />TOTAL EXPENDITURES $26,025,584
<br />GRAND TOTAL - REVENUES $26,025,584
<br />GRAND TOTAL - EXPENDITURES $26,025,584
<br />Section II.
<br />A. special appropriations to non - profit organizations shall be
<br />distributed after the execution of an agreement which ensures that
<br />
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