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June 16, 2008 (Regular Meeting) Page 862
<br />91093659-9383 $189,332.00 $189,332:00 $0.00
<br />Sub-Contractor Construction
<br />91093659-9605 $19,682.00 $19,682.00 $0.00
<br />Consultants
<br />91063661-6432 $170,850.00 $170,850.00 $0.00
<br />Home Consortium Revenues
<br />91063661-6902 $39,077.00 $39,077.00 $0.00
<br />Contribution from General Eund
<br />91093661-9383 $195,382.00 $195,382.00 $0.00
<br />Sub-Contractor Construction
<br />41093661-9605 $14,545.00 $14,595.00 $0.00
<br />Consultants
<br />41063670-6355 $180,000.00 $180,000.00 $0.00
<br />Economic Recovery Grant
<br />41093670-9984 $170,000.00 $170,000.00 $0.00
<br />Economic Recovery Study
<br />91093670-9989 $10,000.00 $10,000.00 $0.00
<br />Administrative Fees
<br />BUDGET REVISION/AMENDMENT REQUEST
<br />DEPARTMENT OF FINANCE
<br />AMOUNT: $204,014.00
<br />TYPE OF ADJUSTMENT: Internal Transfer within Department
<br />PURPOSE OF REQUEST: This budget amendment is to correct a prior budget
<br />amendment that was to eliminate the special revenue budget for the Home 2003
<br />grant project that was completed in FY 2009 and FY 2005. The original budget
<br />amendment had Home 2002 account numbers listed instead of Home 2003 account
<br />numbers. Correcting $A # 2007-289.
<br /> Present
<br />Account No. Approved Budget Increase Decrease Revised Budget
<br />91063658-6932 -$172,019.00 $172,019.00 $0.00 $0.00
<br />Home Consortium Revenues
<br />91063658-6902 -$32,000.00 $32,000.00 $0.00 $0.00
<br />Contribution fr om General Fund
<br />91093658-9383 -$189,332.00 $169,332.00 $0.00 $0.00
<br />Sub-Contractor Construction
<br />41093658-9605 -$19,682.00 $14,682.00 $0.00 $0.00
<br />Consultants
<br />(F-9) Finance Department - Budget Amendment (Medicaid Swap Hold Harmless -
<br />$687,112.00)
<br />UPON MOTION of Commissioner Privette, seconded by Commissioner Carruth
<br />and unanimously carried, the Board adopted the following budget amendment:
<br />BUDGET REVISION/AMENDMENT REQUEST
<br />DEPARTMENT OF FINANCE/PUBLIC SCHOOL BLDG FUND
<br />AMOUNT: $667,112.00
<br />TYPE OF ADJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: Due to the State Medicaid Swap, the State will assume 25
<br />percent of the county Medicaid costs beginning October 1, 2007. In exchange
<br />for this cost assumption, the county will have to forgo a portion of their
<br />ADM school funding. The county must hold the school systems harmless and
<br />still fund the ADM for the FY OB budget year. Based on the State April
<br />Medicaid Hold Harmless report, the amount of ADM funding that will be
<br />withheld from Cabarrus County is $687,112.00. The $687,112.00 will be
<br />transferred from the Medicaid, expense line item to the ADM School fund.
<br />Present
<br />Account~No. Approved Budget Increase
<br />00195620-9959 $6,662,709.00
<br />Medicaid
<br />00191960-9708 $2,492,031.00 $687,112.00
<br />Contribution to Capital Projects Fund
<br />32067210-6902 $0.00 $687,112.00
<br />Contribution from General Fund
<br />32097210-9701-0634 $0.00 $588,379.00
<br />Cabarrus County Schools - Medicaid Hold Harmless
<br />32097210-9702-0639 $0.00 $98,738.00
<br />Kannapolis City Schools - Medicaid Hold Harmless
<br />Decrease Revised Budget
<br />$687,112.00 $5,975,597.00
<br />$3,179,193.00
<br />$687,112.00
<br />$586,379.00
<br />98,738.00
<br />(F-10) Finance Department - Budget Amendment - (Appropriation of Interest
<br />Earnings in the Tourism Authoritv Fund - $11,000.00)
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