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August 20, 2007 (Regular Meeting) Page 521 PURPOSE OF REQUEST: Appropriate 2007-2008 HOME Program Grant funds in the amount of $132,471 to be received from the City of Concord. In addition, a local match of $95,000 from the County is required to proceed with the grant project. The local match is already budgeted in the FY 2008 General Fund Budget. These funds will be used in the rehabilitation of homes for individuals and families who meet certain criteria as determined by the US Dept. of HUD. Present Account No. Approved Budget 91063664-6432 50.00 Home Consortium Revenues 91063664-6902 50.00 Contribution from General Fund 41093664-9383 $0.00 Sub-Contractor Construction 41093664-9605 $0.00 Consultants Increase Decrease $132,971.00 $45,000.00 $169,192.00 58,279.00 Revised Budget $132,471.00 $95,000.00 $169,192.00 $6,279.00 (F-4) Finance Department - Budget Amendment (Public School Building Capital Fund - $100,000) 6 Authorization for Chairman to Execute Public School Building Capital Fund Application The following budget amendment is being requested for a transfer from the Public School Building Capital Fund (current balance $721,730.37) to pay for renovations at the A.L. Brown High School main building. This $100,000 request was considered and approved by the Kannapolis City School Board on July 9, 2007. No new County funds are being requested. UPON MOTION of Vice Chairman Juba, seconded by Commissioner Privette and unanimously carried, the Board adopted the following budget amendment and authorized the Chairman to execute the Public School Building Capital Fund Application on behalf of Cabarrus County. BUDGET REVISION/AMENDMENT REQUEST DEPARTMENT OF FINANCE (Public School Bldg Fund) AMOUNT: $100,000.00 TYPE OF ADJUSTMENT: Supplemental Request PURPOSE OF REQUEST: A transfer request is being made to the Public School Building Capital Fund of North Carolina for expenditures related to the renovation of the A.L. Brown High School main building. The transfer request is to move $100,000 from the Kannapolis City School ADM Public School Building Fund (current balance is $721,730.37) to the Disbursing Fund. This request was considered and approved by the Kannapolis City School Board on July 9, 2007. No new County funds are being requested. Present Account No. Approved Budget Increase Decrease Revised Budget 32067210-6316 $696,000.00 $100,000.00 $746,000.00 State Public School Fund Revenue 32097210-9702 $646,000.00 $100,000.00 $746,000.00 Kannapolis City Schools (F-5) Cabarrus County Parka and Recreation Matching Incentive Grant Requests for Fiscal Year 2007-2008 In June, the Parks and Recreation Commission received from seven (7) non-profit community groups requests for $195,553 in funding. In July, the Parks and Recreation Commission recommended awarding $100,000 toward six community projects for FY 2007-2008. There is $100,000 allocated by the Cabarrus County Board of Commissioners for this program in FY 2007-2008. UPON MOTION of Vice Chairman Juba, seconded by Commissioner Privette and unanimously carried, the Board approved the following grant allocations for Fiscal Year 2007-2008 and adopted the following budget amendment: Organization Grant Total Parks & Organization Proposed Project Location Share Request Project Recreation Commission Recommended Construct 90' x 50' Storage Harrisburg Elementary 92,300.00 92,300.00 69,600.00 32,500.00 Harrisburg Building for Youth Youth Athletic School Association Supplies/Materials