BC 2006 12 18 REGULAR - Laserfiche WebLink

Home Browse Search

December 18, 2006 (Regular Meeting) Page 201 Section 2. The officers of this unit are hereby directed to proceed with this capital project within the terms contained in this project ordinance. Section 3. The following budgeted amounts are appropriated for the projects: Capital Improvement Projects $ 7,417,386 Communications Tower 2,000,000 Total $ 9,917,386 Section 9. The following revenues are anticipated to be available to complete this project: Contribution - Capital Reserve Fund $ 9,375,282 Contribution - General Fund 2,990,604 State and Federal Grants 1,350,000 Contributions & Private Donations 751,500 Total $ 9,917,386 Section 5. The Finance Officer is hereby directed to maintain within the Capital Project Fund sufficient detailed accounting records to satisfy the requirements of the law. Section 6. Funds may be advanced from the General Fund for the purpose of making payments as due. Reimbursements to the General Fund should be made 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. The Budget Officer is directed to include a detailed analysis of past and future costs and revenues on this capital project in every budget submission to this Board. Section 9. Copies of this capital project ordinance shall be furnished to the Clerk of Cabarrus County, and to the Budget Officer and the Finance Director for direction in carrying out this project. Section 10. At the completion of the construction project, all unrestricted excess funds are transferred to the Capital Reserve Fund and the Capital Project Ordinance is closed. Section 11. The County Manager is hereby authorized to transfer revenues and appropriations 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 upon the appropriate approval of the change order. d. The Manager may enter into and execute change orders or amendments to County construction contracts in amounts up to $50,000 when the project ordinance contains sufficient appropriated but unencumbered funds. Adopted this 18th day of December, 2006. CABARRUS COONTY BOARD OF COMMISSIONERS BY: /s/ Robert Carruth Robert Carruth, Chairman Board of Commissioners ATTEST: /s/ Kay Honeycutt