BC 2006 09 25 REGULAR - Laserfiche WebLink

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September 25, 2006 (Regular Meeting) Page 113 PURPOSE OF REQUEST: Solid Waste fund balance appropriation from FY 2006 for on-going projects which includes the engineering and land improvements for the expanded Construction & Demolition area. Present Account No. Ap proved Budget Increase Decrease Revised Budget 27064610-6901 $189,088.00 $512,528.00 $701,616.00 Fund Balance Approp riated 27094610-9606 $125,000.00 $20,811.00 $145,811.00 Engineering 27094610-9830-2202 $0.00 $491,717.00 $491,717.00 Other Improvements - Land BUDGET REVISION/AMENDMENT REQUEST DEPARTMENT OF FINANCE AMOUNT: $44,290.00 TYPE OF ADJUSTMENT: Supplemental Request PURPOSE OF REQUEST: Arena & Events Center fund balance appropriated for on- going projects from FY 2006 which included the additional horse show rings and building repairs such as HVAC, roof leaks, etc. Present Account No. Approved Budget Increase Decrease Revised Budget 42068310-6901 $0.00 $44,290.00 $94,290.00 Arena Fund - Fund Balance Appropriated 42098310-9820 $0.00 $44,290.00 $44,290.00 Arena - Building Improvements BUDGET REVISION/AMENDMENT REQUEST DEPARTMENT OF FINANCE AMOUNT: $48,407.00 TYPE OF ADJUSTMENT: Supplemental Request PURPOSE OF REQUEST: ADDENDUM - Re-appropriation of ongoing grants from Fiscal Year 2006 and the associated grant revenue anticipated. This amount was not included in the original budget amendment to re-appropriate for FY 2007 because a purchase had been charged to this grant incorrectly. These funds must be spent before the end of September or the grant will lapse. A purchase is planned for protective gear. Present Account No. Approved Budget Increase Decrease Revised Budget 00162710-6349 COMM $0.00 $48,407.00 $48,407.00 Terrorism Grant 00192710-9395 COMM $0.00 $48,407.00 $48,407.00 Emerg Mgt - Terrorism Grant Expense (F-8) Cabarrus Arena & Events Center - Authorize Payment of Incentives to SMG for FY 2006 and Related Budget Amendment Based on the existing Management Agreement (Section 4) and the Food & Beverage Services Agreement (Section 6), SMG qualifies for the following incentive payments: Management Agreement: Quantitative Incentive Fee $39,660.00 Qualitative Incentive Fee $21,613.00 Food & Beverage Services Agreement: Quantitative Incentive Fee $23,805.00 Total: $85,078.00 UPON MOTION of Commissioner Privette, seconded by Commissioner Carpenter and unanimously carried, the Board authorized payment of incentives to SMG for FY 2006 as set forth above and adopted the following budget amendment: BUDGET REVISION/AMENDMENT REQUEST DEPARTMENT OF ARENA AMOUNT: $85,078.00 TYPE OF ADJUSTMENT: Supplemental Request PURPOSE OF REQUEST: To appropriate funds for the payment of incentive to SMG for performance goals for FY 2006.