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November 20, 2006 (Regular Meeting)
<br />UPON MOTION of Commissione
<br />Privette and unanimously carried,
<br />amendment:
<br />Page 174
<br />r Carpenter, seconded by Commissioner
<br />the Board adopted the following budget
<br />BUDGET REVISION/AMENDMENT REQUEST
<br />DEPARTMENT OF Cabarrus Arena and Events Center Construction
<br />AMOUNT: $31,857,720.00
<br />TYPE OF ADJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: This Certificates of Participation Series 2002 Cabarrus
<br />Arena and Events Center construction has been completed. Board action to
<br />liquidate the balance in the fund occurred on May 15, 2006. The attached
<br />budget request is done for the formality of closing the fund in our financial
<br />software and after the completion of the FY 06 audit. The Cabarrus County
<br />School Administration Building and five Cabarrus County Auxiliary Gym
<br />Projects portion of the COPS Series 2002 was closed on August 8, 2005.
<br /> Present
<br />Account No. Approved Budget Increase Decrease Revised Budget
<br />34168310-6906 $13,997.00 $13,997.00 $0.00
<br />Sales Tax Re fund
<br />34168310-6705 $326,627.00 $326,627.00 $0.00
<br />Interest on Investment - COPS
<br />34166310-6803 $130,750.00 $130,750.00 50.00
<br />Miscellaneou s Revenue
<br />39168310-6902 $10,751,896.00 $10,751,896.00 $0.00
<br />Contribution from General Fund
<br />39168310-6918 $19,792,500.00 $19,792,500.00 $0.00
<br />Proceeds from COPS
<br />39168310-6923 $892,000.00 $642,000.00 $0.00
<br />Contribution Convention & Visitors
<br />39196310-9605 $158,325.00 $158,325.00 $0.00
<br />Consultants
<br />39198310-9606 $189,307.00 $189,307.00 $0.00
<br />Engineers
<br />39198310-9607 .$339,929.00 $339.929.00 $0.00
<br />Architect
<br />39198310-9609 $371,597.00 $371,597.00 $0.00
<br />Legal Fees
<br />39198310-9709 $8,897,197.00 $8,897,197.00 $0.00
<br />Contribution to General Fund
<br />39198310-9820 $21,906,365.00 $21,906,365.00 $0.00
<br />Construction
<br />(F-8) Tourism Authority S Convention and Visitor's Bureau - Budget Amendment
<br />(Appropriation of Fund Balance for Expenses Related to New CVB President's
<br />UPON MOTION of Commissioner Carpenter, seconded by Commissioner
<br />Privette and unanimously carried, the Board approved the following budget
<br />amendment:
<br />BUDGET REVISION/AMENDMENT REQUEST
<br />DEPARTMENT OF Deputy County Manager
<br />AMOUNT: $36,629.00
<br />TYPE OF ADJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: This budget amendment is to transfer funds from the CVB's
<br />appropriated fund balance to increase budgeted line items for the new
<br />President/CEO of the Cabarrus County CVB. The line items have been increased
<br />to the budget for the additional salary expense and for a $500.00 monthly car
<br />allowance for the remainder of the fiscal year. This transfer was approved
<br />by the Tourism Authority Board on October 12, 2006. Minutes of the meeting
<br />are attached.
<br /> Present
<br />Account No. Ap proved Budget
<br />53193110-9101 $233,999.00
<br />Salaries and Wages
<br />53193110-9201 $15,690.00
<br />Social Security
<br />53193110-9202 $3,670.00
<br />Medicare
<br />53193110-9210 $11,992.00
<br />Retirement
<br />53193110-9235 $11,725.00
<br />Increase Decrease
<br />$27,336.00
<br />$1,695.00
<br />$397.00
<br />$1,339.00
<br />$1,367.00
<br />Revised Budget
<br />$260,830.00
<br />$17,385.00
<br />$9,067.00
<br />$12,826.00
<br />$13,092.00
<br />Deferred Compensation - 901K
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