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October 30, 2006 (Regular Meeting) Page 146 Section 5. The Finance Officer is hereby directed to maintain within the Capital Project Eund sufficient detailed accounting records to satisfy the terms of future debt financing resolution. Section 6. Funds may be advanced from the General Fund for the purpose of making payments as due. Reimbursement requests should be made to the grantor agencies in an orderly and timely manner. Section 7. The Finance Officer is directed to report, at the request of the Board, on the financial status of each project element in Section 3 and on the total revenues received or claimed. Section 8. Copies of this capital project ordinance shall be furnished to the Clerk to the. Governing Board, and to the Budget Officer and the Finance Officer for direction in carrying out this project. Section 9. At the completion of the construction project, all unrestricted excess funds are transferred to the General Fund for payment of Debt Service and the Capital Project Ordinance is closed. Section 10. The County Manager is hereby authorized to transfer revenues and appropriation within an ordinance as contained herein under the following conditions: a. The Manager may transfer amounts between objects of expenditures and revenues within a function without limitation. b. The Manager may transfer amounts up to $100,000 between functions of the same ordinance. c. The Manager may transfer amounts between contingency funds which are set aside for a specific project for budgetary shortfalls or upon the appropriate approval of a change order by the School Systems. Prepared this 30th day of October 2006. CABARRUS COUNTY BOARD OF COMMISSIONERS BY: /s/ Robert W. Carruth Robert W. Carruth, Chairman ATTEST: /s/ Kay Honeycutt Kay Honeycutt, Clerk to the Board BUDGET REVISION/AMENDMENT REQUEST DEPARTMENT OF FINANCE AMOUNT: $600,000.00 TYPE OF ADJUSTMENT: Supplemental Request PURPOSE OF REQUEST: To begin new Northwest area high school capital construction project by appropriating funds from the Capital Reserve Fund for land option and architectural services. Present Account No. Approved Budget Increase 45097220-9821 $7,905,727.00 Building & Renovations 95097220-9708 $676,531.00 $600,000. Contribution to Capital Project Fund 36967327-6921* $0.00 $600,000. Contribution from Capital Reserve Fund 36997327-9601* $0.00 $100,000. Land Acquisition 36997327-9607* $0.00 $500,000. Architects (G) NEW HUSINE33 Decrease Revised Budget $600,000.00 $7,305,727.00 00 $1,276,531.00 00 $600,000.00 00 $100,000.00 00 $500,000.00 (G-1) Public Hearing !for the FY 07-OS Community Transportation Program Grant Application Randy Bass, Transportation Director, preser department's annual grant request to the North Transportation for .funding provided by the Administration Section 5311 Grant. He said the funding for administration - $319,596.00, capital - technology - $71,697.0'0. ted information on the Carolina Department of Federal Transportation grant request includes $909,960.00 and advance