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<br />July 10, 2006 (Regular Meeting) <br /> <br />Page <br /> <br />13 <br /> <br />00195760-9648 $74,575.00 $0.00 $72,412.06 <br />Title V Expenses <br />00195760-9104 $0.00 $63,947.00 <br />Wages <br />00195760-9201 $26,221.00 $3,965.40 <br />Social Security <br />00195760-9202 $6,137.00 $927.00 <br />Medicare <br />00195760-9640 $7,441.00 $1,119.27 <br />Insurance & Bonds <br /> <br />$2,162.94 <br /> <br />$63,947.00 <br /> <br />$30,186.40 <br /> <br />$7,064.39 <br /> <br />$8,560.27 <br /> <br />(F-9) Cabarrus County Work First Block Grant Plan for FY 2007-09 - Request <br />for Standard Status Designation <br /> <br />As part of the Work First Biennial planning process, each county must <br />decide on Standard or Electing Status. Cabarrus County has historically <br />selected the "Standard Status" to avoid potential financial risk to the <br />County. The County already has waivers through the General Assembly to <br />provide a variation in the Work First Program services without assuming any <br />financial risk. <br /> <br />UPON MOTION of Vice Chairman Juba, seconded by Commissioner Carpenter <br />and unanimously carried, the Board approved the selection of "Standard <br />Status" for the Cabarrus County Work First Block Grant Plan for FY 2007 - <br />2009. <br /> <br />(F-12) General Obligation (GO) School Bond Projects - Budget Amendments <br /> <br />On March 20, 2006, the Board of Commissioners approved a request from <br />the local school boards for additional funds to cover the increased cost of <br />construction materials and additional work at school locations originally <br />funded through GO Bonds approved in November 2004. The increase will be <br />funded through contributions from the General Fund (inclusive of lottery <br />proceeds), Adequate Facilities Fund, and COPS III Fund. Funds will also be <br />allocated from interest income and sales tax refunds within the GO Bond Fund. <br /> <br />UPON MOTION of Vice Chairman Juba, seconded by Commissioner Carpenter <br />and unanimously carried, the Board adopted the following budget amendments: <br /> <br />BUDGET REVISION/AMENDMENT REQUEST <br /> <br />DEPARTMENT OF ADEQUATE PUBLIC FACILITY FUND <br />AMOUNT: $1,224,237.00 <br />TYPE OF ADJUSTMENT: Supplemental Request <br />PURPOSE OF REQUEST: A budget amendment is being requested to fund a portion <br />of the increased cost of construction materials and additional work at school <br />locations originally funded through GO Bonds. The Adequate Public Facilities <br />Fund is one of five sources chosen to fund the shortfall in the school <br />projects. <br /> <br />Account No. <br />46297220-9708 <br />Contribution <br />46297220-9821 <br />Building and <br />46267220-6518 <br />Adequate Facilities Fee <br />46267220-6701 <br />Interest on Investments <br />46267220-6902 $0.00 <br />Contribution from General Fund <br /> <br />Present <br />Approved Budget Increase <br />$0.00 $1,224,237.00 <br />to Capital Projects Fund - GO Bonds <br />$445,915.00 $343,073.00 <br />Renovations <br /> <br />Decrease <br /> <br />Revised Budget <br />$1,224,237.00 <br /> <br />$102,842.00 <br /> <br />$0.00 <br /> <br />$736,111.00 <br /> <br />$736,111.00 <br /> <br />$0.00 <br /> <br />$47,303.00 <br /> <br />$47,303.00 <br /> <br />$97,750.00 <br /> <br />$97,750.00 <br /> <br />BUDGET REVISION/AMENDMENT REQUEST <br /> <br />DEPARTMENT OF COPS III <br />AMOUNT: $450,000.00 <br />TYPE OF ADJUSTMENT: Supplemental Request <br />PURPOSE OF REQUEST: A budget amendment is being requested to fund a portion <br />of the increased cost of construction materials and additional work at school <br />locations originally funded through GO Bonds. The Certificates of <br />Participation Series III Construction Fund is one of five sources chosen to <br />fund the shortfall in the school projects. <br /> <br />Account No. <br /> <br />Present <br />Approved Budget <br /> <br />Increase <br /> <br />Decrease <br /> <br />Revised Budget <br />