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ecember 21, 2009 (Regular Meeting) Page 1740
<br />UPON MOTION of Commissioner Carruth, seconded by Vice Chairman Poole
<br />and unanimously carried, the Board adopted the following budget amendment:
<br />Date:ll/30/2009 Amount:$50,000.00
<br />Dept. Head: Pamela S. Dubois Department: County Manager
<br />^ Internal Transfer Within Department ^ Transfer Between Departments/Funds ©Supplemental Request
<br />Purpose: To appropriate funds for the Architect contract for the renovations for the Concord
<br />Library. The funds will be transferred from the Library trust fund in the amount of $50,000 but
<br />only $25,099.54 is required to be appropriated since $29,900.46 is currently appropriated and
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<br />Account
<br />Number Account
<br />Name Approved
<br />Budget Increase
<br />Amount Decrease
<br />Amount Revised.
<br />Budget
<br />00161710-6917 Cont CMLTF $0 $50,000 $50,000
<br />00191920-9820-0624 Concord Library Renova $0 $50,000 $50,000
<br />53468240-6901 FB Appropriated $0 $25,099.54 $25,099.54
<br />53498290-9704 Contribution to Genera $174,997 $25,099.54 $200,096.54
<br />(F-8) Finance - Establish Debt Service for 2009 Certificates of
<br />Participation (COPS) $3,802,349.22
<br />On July 16, 2009, Cabarrus County issued $85,170,000.00 of COPS
<br />(Certificates of Participation) for the construction and renovation of public
<br />schools. Debt service payments for this new issue will be $3,802,349.22 for
<br />the 2010 fiscal year. The payments are being funded through capitalized
<br />interest from the 2009 COPS Capital Projects fund. The following budget
<br />amendment records the debt payment and transfer to the General fund from the
<br />2009 COPS Capital Projects fund.
<br />UPON MOTION of Commissioner Carruth, seconded by Vice Chairman Poole
<br />and unanimously carried, the Board adopted the following budget amendment:
<br />Date:ll/20/2009 Amount:$3,802,349.22
<br />Dept. Head: Susan B. Fearrington Department: Finance - Debt Service
<br />^ Internal Transfer Within Department ^ Transfer Between Departments/Funds QSupplemental Request
<br />Purpose: On 7-16-09 Cabarrus County issued $85,170,000 of COPS for the construction and
<br />renovation of schools. Debt Service payments for FY 2010 will be $3,802,349.22. The payments are
<br />being funded through Capitalized Interest from the 2009 COPS Capital Projects Fund. This
<br />amendment records the budget for the debt service payment and the transfer to the General Fund
<br />from the 2009 COPS Capital Proiects Fund.
<br />Account Number ccount Name Approved Budget Inc Amount Dec Amount Revised Budget
<br />00199110-9975 COPS Interest-Schools $5,399,069.00 $3,802,349.22 $9,196,418.22
<br />00169110-6920 Cont from COPS $0.00 $3,802,349.22 $3,802,349.22
<br />(F-9) Finance - Partial Close-out of the Sheriff Administration/Annex
<br />Construction Project Fund ($2,570,644.54)
<br />During the September 8, 2009 work session, the Board discussed several
<br />options related to renovating, expanding or replacing the current courthouse
<br />facility. After discussion, the Board agreed to table this discussion until
<br />next year's (FY 2011) CIP (Capital Improvement Plan) budgetary process. The
<br />County Manager requested an agenda item be prepared to close-out a portion of
<br />the construction fund for the Law Enforcement Complex (Annex and
<br />Administration facility) and transfer the excess funds to the Capital Reserve
<br />fund. The following budget amendment transfers $2,570,644.54 to the Capital
<br />Reserve fund for future projects.
<br />UPON MOTION of Commissioner Carruth, seconded by Vice Chairman Poole
<br />and unanimously carried, the Board adopted the following budget amendment:
<br />Date:ll/30/2009 Amount: $2,570, 699.59
<br />Dept. Head: Pamela S. Dubois Department: Finance
<br />^ Internal Transfer Within Department ^ Transfer Between Departments/Funds ©Supplemental Request
<br />Purpose: To close out the majority of t
<br /> project.
<br />Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget
<br />39292130-9605 Consultants $90,075.00 $6,844.85 $83,230.15
<br />34292130-9606 Engineers $298,214.00 $6,498.19 $291,715.86
<br />39292130-9607-0571 Architect - Ware
<br />Bon $3,213,182.35 $6,200.00 $3,206,982.35
<br />34292130-9704 Contribution to
<br />Genera $3,020.06 $180.98 $3,201.04
<br />39292130-9820-0598 Construction GMP#1 $14,347,639.00 $62,687.23 $14,284,951.77
<br />39292130-9820-0599 Construction -
<br />Owners $472,768.00 $93,518.37 $379,249.63
<br />39292130-9820-0603 Construction GMP #2 $33,715,709.00 $2,117,847.7 $31,597,861.25
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