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<br />March 21, 2005 (Regular Meeting)
<br />
<br />Page
<br />
<br />117
<br />
<br />46091610-9407 $0.00
<br />Automation and Enhancement Expense
<br />
<br />$77,504.00
<br />
<br />$77,504.00
<br />
<br />(F-10)
<br />
<br />Tourism Authority - Budget Amendment (Marketing Activities)
<br />
<br />UPON MOTION of Commissioner Privette, seconded by Vice Chairman Carruth
<br />and unanimously carried, the Board adopted the following budget amendment.
<br />
<br />BUDGET REVISION/AMENDMENT REQUEST
<br />
<br />DEPARTMENT OF TOURISM AUTHORITY
<br />AMOUNT: $35,000.00
<br />TYPE OF ADJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: At the February 23 , 2005
<br />Authority Board of Directors meeting, the Board
<br />transfer $35,000.00 of unappropriated fund balance
<br />of the Lowe's Motor Speedway Dirt Track.
<br />
<br />Cabarrus County Tourism
<br />of Directors elected to
<br />to pay for a sponsorship
<br />
<br />Account No.
<br />53163110-6901
<br />Unappropriated
<br />53193110-9695
<br />Marketing Activities
<br />
<br />Present
<br />Approved Budget
<br />$167,000.00
<br />Fund Balance
<br />$105,425.00
<br />
<br />Increase
<br />$35,000.00
<br />
<br />Decrease
<br />
<br />Revised Budget
<br />$202,000.00
<br />
<br />$35,000.00
<br />
<br />$140,425.00
<br />
<br />(F-ll) Emergency Management - Budget Amendment (Hazard Mitigation Generator
<br />Grant)
<br />
<br />UPON MOTION of Commissioner Privette, seconded by Vice Chairman Carruth
<br />and unanimously carried, the Board adopted the following budget amendment:
<br />
<br />BUDGET REVISION/AMENDMENT REQUEST
<br />
<br />DEPARTMENT OF EMERGENCY MANAGEMENT
<br />AMOUNT: $40,982.00
<br />TYPE OF ADJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: After the Winter Storm of 2002, Emergency Management
<br />applied for a matching grant to place an emergency generator for EMS Base 1.
<br />We have been approved for the grant. The Federal share will be $25,614.00,
<br />the State share will be $8,538.00 and the county share will be $6,830.00 (due
<br />to 20% price increase of work from original application in 2002) for a total
<br />of $40,982.00.
<br />
<br />Account No.
<br />00162710-6360
<br />Revenue - EMS
<br />00192710-9856
<br />EMS Generator Grant
<br />00161710-6901 $6,430,508.52
<br />Fund Balance Appropriated
<br />
<br />Present
<br />Approved Budget
<br />$0.00
<br />Generator Grant
<br />$0.00
<br />
<br />Increase
<br />$34,152.00
<br />
<br />Decrease
<br />
<br />Revised Budget
<br />$34,152.00
<br />
<br />$40,982.00
<br />
<br />$40,982.00
<br />
<br />$6,830.00
<br />
<br />$6,437,388.52
<br />
<br />(F-12) Finance - Budget Amendment ($98 Million School Bond Construction Fund)
<br />and Capital Project Ordinance
<br />
<br />UPON MOTION of Commissioner Privette, seconded by Vice Chairman Carruth
<br />and unanimously carried, the Board adopted the following budget amendment and
<br />Capital Project Ordinance.
<br />
<br />BUDGET REVISION/AMENDMENT REQUEST
<br />
<br />DEPARTMENT OF FINANCE
<br />AMOUNT: $98,000,000.00
<br />TYPE OF ADJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: Establish a budget for the construction and renovations
<br />of schools for the Cabarrus County, Kannapolis City, and the Rowan Cabarrus
<br />Community College School Systems. These expenditures are being funded by the
<br />sale of $98 million in General Obligation Bonds. $50 million of these bonds
<br />were sold and funds were made available on 3-8-05. The remaining $48 million
<br />will be sold in approximately 12 to 16 months.
<br />
<br />Account No.
<br />36360000-6906
<br />Proceeds from
<br />36397323-9820
<br />
<br />Present
<br />Approved Budget
<br />$0.00
<br />General Obligation
<br />$0.00
<br />
<br />Increase
<br />$98,000,000.00
<br />Bonds
<br />$35,408,510.00
<br />
<br />Decrease
<br />
<br />Revised Budget
<br />$98,000,000.00
<br />
<br />$35,408,510.00
<br />
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