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<br />July 10, 2006 (Regular Meeting)
<br />
<br />Page
<br />
<br />14
<br />
<br />36290000-9708-79
<br />Contribution to
<br />36260000-6406
<br />Sales Tax Refund
<br />
<br />$100,000.00
<br />Capital Project
<br />$0.00
<br />
<br />$207,412.00
<br />Fund - GO Bonds
<br />$207,412.00
<br />
<br />$307,412.00
<br />
<br />$207,412.00
<br />
<br />COPS II I
<br />
<br />BUDGET REVISION/AMENDMENT REQUEST
<br />
<br />DEPARTMENT OF $98 MILLION GO BOND FUND
<br />AMOUNT: $9,318,394.00
<br />TYPE OF ADJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: On March 20, 2006 the Board of Commissioners approved a
<br />request from the Cabarrus County and Kannapolis City schools for additional
<br />funds to cover the increased cost of construction materials and additional
<br />work at school locations originally funded through GO Bonds. This increase
<br />will be funded through contributions from the General Fund (inclusive of
<br />lottery proceeds), the Adequate Public Facility Fund, and the COPS III Fund.
<br />Funds will also be corning form Interest Income and Sales Tax Refunds in the
<br />$98 Million Bond Fund.
<br />
<br />Present
<br />Account No. Approved Budget
<br />36397323-9660 $0.00
<br />Contingency - Hickory Ridge High
<br />36397323-9801 $3,221,000.00 $75,000.00
<br />Land Acquisition - Hickory Ridge High
<br />36397323-9820 $30,656,810.00 $1,818,795.00
<br />Construction - Hickory Ridge High
<br />36397324-9660 $6,901.00
<br />Contingency - Odell Elementary
<br />36397324-9820 $12,076,620.00
<br />Construction - Odell Elementary
<br />36397324-9849 $0.00 $280,000.00
<br />School Site Development - Odell Elementary
<br />36397325-9660 $183,055.00 $5,620.00
<br />Contingency - Charles E. Boger Elementary
<br />36397325-9801 $1,009,445.00 $4,523.00
<br />Land Acquisition - Charles E. Boger Elementary
<br />36397325-9820 $8,500,000.00 $2,227,407.00
<br />Construction - Charles E. Boger Elementary
<br />36397325-9849 $935,000.00 $510,000.00
<br />School Site Development - Charles E. Boger Elementary
<br />36397326-9660 $200,130.00 $5,620.00
<br />Contingency - Carl A. Furr Elementary
<br />36397326-9801 $1,000,000.00
<br />Land Acquisition - Carl A. Furr Elementary
<br />36397326-9820 $8,500,000.00 $2,122,407.00
<br />Construction - Carl A. Furr Elementary
<br />36397326-9849 $955,000.00 $1,094,494.00
<br />School Site Development - Carl A. Furr Elementary
<br />36397405-9820 $6,129,855.00 $50,000.00
<br />Construction - Shady Brook Elementary
<br />36397405-9849 $0.00 $250,000.00
<br />School Site Development - Shady Brook Elementary
<br />36397405-9860 $0.00 $75,000.00
<br />Furniture & Fixtures - Shady Brook Elementary
<br />36397405-9862 $0.00 $75,000.00
<br />Technology - Shady Brook Elementary
<br />36397408-9607 $55,073.00
<br />Architects - A.L. Brown Auditorium
<br />36397408-9820 $520,868.00 $293,970.00
<br />Construction - A.L. Brown Auditorium
<br />36360000-6702 $721,000.00 $1,342,051.00
<br />Interest on Investments - GO Bonds
<br />36360000-6406 $0.00
<br />Sales Tax - GO Bonds
<br />36360000-6910-75
<br />Contribution from
<br />36360000-6915
<br />Contribution from Special
<br />36360000-6902
<br />Contribution from General
<br />
<br />Revised Budget
<br />$288,689.00
<br />
<br />Increase
<br />$288,689.00
<br />
<br />Decrease
<br />
<br />$3,296,000.00
<br />
<br />$32,475,605.00
<br />
<br />$230,099.00
<br />
<br />$237,000.00
<br />
<br />$361,740.00
<br />
<br />$12,438,360.00
<br />
<br />$280,000.00
<br />
<br />$188,675.00
<br />
<br />$1,013,968.00
<br />
<br />$10,727,407.00
<br />
<br />$1,445,000.00
<br />
<br />$205,750.00
<br />
<br />$456,000.00
<br />
<br />$544,000.00
<br />
<br />$10,622,407.00
<br />
<br />$2,049,494.00
<br />
<br />$6,179,855.00
<br />
<br />$250,000.00
<br />
<br />$75,000.00
<br />
<br />$75,000.00
<br />
<br />$6,030.00
<br />
<br />$61,103.00
<br />
<br />$814,838.00
<br />
<br />$2,063,051.00
<br />
<br />$82,419.00
<br />
<br />$82,419.00
<br />
<br />$100,000.00 $207,412.00
<br />Capital Projects Fund - COPS III
<br />$0.00 $1,224,237.00
<br />Revenue Fund - Adequate
<br />$0.00 $6,462,275.00
<br />Fund
<br />
<br />$307,412.00
<br />
<br />$1,224,237.00
<br />
<br />Facili ty
<br />
<br />$6,462,275.00
<br />
<br />Board Approved Funding for 98 Million Shortfall
<br />Approved Projects on March 20, 2006:
<br />
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