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January 22, 2007 (Regular Meeting) <br />Page 291 <br />It is the County's full intent, at the time of purchase, to <br />hold all investments until maturity to ensure the return of <br />all invested principal dollars. However, economic or market <br />conditions may change, making it in the County's best interest <br />to sell or trade a security prior to maturity. <br />All moneys earned and collected from investments other than <br />bond proceed earnings will be allocated quarterly to various <br />fund amounts based on the quarter's average cash balance in <br />each fund as a percentage of the entire pooled portfolio. <br />Earnings on bond proceeds will be directly allocated to the <br />same proceeds. <br />The Finance Director is charged with the responsibility of <br />preparing a monthly investment inventory report, which <br />includes investment types, cost, market value, maturity date <br />and yield. This shall serve as the County's investment policy. <br />(F-15) Cabarrus County Fire Marshal's Office - Budget Amendment (Accept <br />Charitable Contribution from Wal-Mart Stores, Inc.) <br />A charitable contribution has been made by Wal-Mart Stores, Inc. to the <br />Cabarrus County Fire Marshal's Office in the amount o.: $1,250.00. These <br />funds are to be used for materials and equipment to promote fire safety <br />education. <br />UPON MOTION of Commissioner Privette, seconded by Commissioner White <br />and unanimously carried, the Board adopted the following budget amendment: <br />BUDGET REVISION/AMENDMENT REQUEST <br />DEPARTMENT OF Emergency Management <br />AMOUNT: $1,250.00 <br />TYPE OF ADJUSTMENT: Supplemental Request <br />PURPOSE OF REQUEST: This budget amendment is to appropriate the charitable <br />contribution made by Wal-Mart Stores, Inc. to the Cabarrus County Fire <br />Marshal's Office in the amount of $1,250. These funds are to be used for <br />materials and equipment to promote fire safety education. <br />Present <br />Account No. Approved Budget Increase Decrease Revised Budget <br />00162710-6805 $0.00 $1,250.00 $1,250.00 <br />Revenue - Contribution & Private Donations <br />00192710-9362 $3,000.00 $1,250.00 $4,250.00 <br />Public Education Supplies <br />(F-16) Tax Refund/Release Report - December 2006 <br />UPON MOTION of Commissioner Privette, seconded by Commissioner White <br />and unanimously carried, the Board approved the December 2006 Release-Refund <br />report as submitted and granted authority to the Tax Collector to process the <br />refunds and releases. <br />RELEASES FOR THE MONTH OF: December 2006 $32,806.29 <br />BREAKDOWN OF RELEASES <br />COUNTY $20,252. 72 <br />CITY OF CONCORD $6,338. 49 <br />CITY OF KANNAPOLIS $5,065. 53 <br />CITY OF LOCUST $180. 00 <br />CITY OF STANFIELD $0. 00 <br />TOWN OF HARRISBURG $317. 27 <br />TOWN OF MIDLAND $0. 00 <br />TOWN OF MT. PLEASANT $0. 00 <br />ALLEN F/D $18. 80 <br />COLD WATER F/D $33. 13 <br />ENOCHVILLE F/D $11. 59 <br />FLOWES STORE F/D $60. 16 <br />GEORGEVILLE F/D 52 .94 <br />GOLD HILL F/D 51 .79 <br />HARRISBURG F/D $206 .25 <br />JACKSON PARK F/D $48 .45 <br />MIDLAND F/D $39 .67 <br />MT MITCHELL F/D $12 .92 <br />MT PLEASANT F/D $29 .96 <br />