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September 20, 2010 (Regular Meeting) Page 115
<br />(F -8) Finance - Budget Amendment and Project Ordinance - Agricultural
<br />Department Farmland and Preservation Grant, Special Revenue Fund -
<br />$409,907.00
<br />A budget amendment is presented to transfer all the Deferred Taxes
<br />collected and interest earned on Farm Land from the General Fund as of June
<br />30, 2010 to the Special Revenue Fund. Beginning FY 2011, these taxes will be
<br />accounted for in the Special Revenue Fund for the Agricultural Department
<br />Farmland and Preservation (ADFP) Grant. In addition, it is necessary to
<br />reclassify budgeted expenses in various line items. All construction costs
<br />were originally budgeted in Maintenance and Supplies because the County
<br />anticipated not taking ownership of the property once construction was
<br />complete. The County will now have control over this property as a result
<br />expenses need to be paid out of the construction budget for capitalization
<br />purposes.
<br />UPON MOTION of Commissioner Carruth, seconded by Vice Chairman Poole
<br />and unanimously carried, the Board adopted the following budget amendment and
<br />revised project ordinance:
<br />Date:8 /10/2010 Amount:$409,907
<br />Dept. Head:Pam Dubois Department:Deputy County Manager
<br />C Internal Transfer Within Department ❑ Transfer Between Departments /Funds Q Supplemental Request
<br />Purpose: This budget amendment is to appropriate $348,407 in Deferred Taxes collected and
<br />interest earned on Farm Land from the General Fund as of June 30, 2010. Beginning FY 2011, these
<br />taxes will be accounted for in the Special Projects Special Revenue Fund for the Agricultural
<br />Department Farmland & Preservation (ADFP) Grant. In addition, it is necessary to reclassify
<br />budgeted expenses in various line items. All construction costs were originally budgeted in
<br />Maintenance and Supplies because the County was not going to take ownership of the property once
<br />construction was complete. The County will now have control over this property so expenses need
<br />to be raid out of the construction budaet for capitalization purposes.
<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 />46065410- 6023 -ADFP
<br />Def Tax Collections
<br />$0.00
<br />$55,000.00
<br />$55,000.00
<br />46065410- 6024 -ADFP
<br />Def Tax Interest
<br />$0.00
<br />$6,500.00
<br />$6,500.00
<br />46065410 -6902
<br />Contrib from Gen Fd
<br />$0.00
<br />$348,407.00
<br />$348,407.00
<br />46095410 -9104
<br />Temp Sal - PT & FT
<br />$45,000.00
<br />$10,000.00
<br />$35,000.00
<br />46095410 -9356
<br />Spec Prog Supplies
<br />$10,000.00
<br />$5,000.00
<br />$5,000.00
<br />46095410 -9505
<br />Maint & Supplies
<br />$680,409.00
<br />$680,409.00
<br />$0.00
<br />46095410 -9606
<br />Engineers
<br />$41,903.00
<br />$26,903.00
<br />$15,000.00
<br />46095410 -9849
<br />Site Development
<br />$0.00
<br />$130,000.00
<br />$130,000.00
<br />46095410- 9820 -ADFP
<br />Construction
<br />1 $0.001
<br />$1,002,219.00
<br />$1,002,219.00
<br />1 00191960-9721
<br />Contrib to Spec Rev
<br />$0.00
<br />$348,407.00
<br />$348,407.00
<br />00161710 -6901
<br />FB Appropriated
<br />$0.001
<br />1 $348,407.00
<br />($348,407.00)
<br />Ordinance No. 2010 -21
<br />CABARRUS COUNTY SMALL PROJECTS
<br />SPECIAL REVENUE PROJECT ORDINANCE
<br />BE IT ORDAINED, by the Board of County Commissioners of the
<br />County of Cabarrus, North Carolina that, pursuant to Section 13.2
<br />of Chapter 159 of the General Statutes of North Carolina, the
<br />following special revenue project ordinance is hereby adopted:
<br />Section 1. The special revenue project authorized is for
<br />the purpose of collecting and appropriating general fund revenues
<br />and federal and state grants funds received specifically for use
<br />by the appropriate Cabarrus County Department who has received
<br />the funds.
<br />Section 2. The officers of this unit are hereby directed
<br />to proceed with this project within the terms of the guidelines
<br />as set forth by the federal and state government, Generally
<br />Accepted Accounting Principles (GAAP) and the budget contained
<br />herein.
<br />Section 3. The following budgeted amounts are appropriated
<br />for the projects:
<br />Board of Elections Department:
<br />HAVA Title I Grants
<br />American Disability Act
<br />Board of Elections Equipment and Furniture
<br />Register of Deeds Department:
<br />Register of Deeds Automation & Preservation
<br />$ 199, 664
<br />$ 25, 621
<br />$ 180,206
<br />$ 821,548
<br />
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