BC 2008 06 16 Regular - Laserfiche WebLink

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June 16, 2008 (Regular Meeting) Page 882 Section B. Copies of this capital project ordinance shall be furnished to the Clerk to the Governing Board, and to the Budget Officer and the Finance Officer for direction in carrying out this project. Section 9. At the completion of the construction project, all unrestricted excess funds are transferred to the General Fund for payment of Debt Service and the Capital Project Ordinance is closed. Section 10. The County Manager is hereby authorized to transfer revenues and appropriation within an ordinance as contained herein under the following conditions: a. The Manager may transfer amounts between objects of expenditures and revenues within a function without limitation. b. The Manager may transfer amounts up to $100,000 between functions of the same ordinance. c. The Manager may transfer amounts between contingency funds which are set aside for a specific project for budgetary shortfalls or upon the appropriate approval of a change order bythe School Systems. Prepared and adopted this 16th day of June 2006. CABARRUS COUNTY BOARD OF COMMISSIONERS BY: /s/ H. Jay White, Sr. H. Jay White, Sr., Chairman ATTEST: /s/ Kay Honeycutt Clerk to the Board (G-13) Finanaa Department - Hudgat Amendment (School Construction Fund and School Bond Fund - $100,000.00) Pam Dubois, Deputy County Manager, presented information related to a budget amendment for the School Construction Fund and School Bond Fund for $100,000.00. UPON MOTION of Vice Chairman Juba, seconded by Commissioner Carruth and unanimously carried, the Board adopted the following budget amendment: BUDGET REVISION/AMENDMENT REQUEST DEPARTMENT OF FINANCE/SCH CONST/SCHOOL BOND FD AMOUNT: $100,000.00 TYPE OF ADJUSTMENT: Supplemental Request PURPOSE OF REQUEST: On May 19, 2006 a budget amendment was approved by the Board of Commissioners to transfer $833,523.87 from the GO Bond Fund to the School Construction Fund for the construction of the Bus Garage and bus purchases. The School Board has had a change in their plans and are requesting $100,000.00 be transferred from the School Bus Garage budget back to the $96 Million School Bond Fund budget to purchase Smartboards at Concord High and Northwest Cabarrus High Schools. Present Account No. Approved Budget Increase Decrease Revised Budget 36497326-9820 $7,267,529,00 $100,000.00 $7,167,529.00 Construction - BusGarage 36960000-6910-0633 $833,523.87 $100,000.00 $733,523.87 Contribution from Capital Projects (GO Bond Fund) 36397306-98.60 $157,774.01 $50,000.00 $207,774.01 Furniture and Equipment - Concord H igh 36397308-9860 $193,692.33 $50,000.00 $193,692.33 Furniture and Equipment - Northwest High 36390000-9708-2008 A $633,523.87 $100,000.00 $733,523.87 Contribution to Capital Projects CO PS 2008 Fund (G-14) Central Area Land Use Plan - Update