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March 17, 2003 Page 67
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<br />TYPE OF ADJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: (1) Amend to include increase in revenue in State Aid
<br />Grant to Libraries and to distribute this increase into circulation stock
<br />(book, etc) expenditures of system libraries. (2) Amend Concord Library
<br />revenue budget to include gift and to expend for IS equipment.
<br />
<br /> Present
<br /> Account No. Approved Budget Increase
<br />00168240-6331 $148,500 00 $26,140 00
<br /> State Aid to Libraries Grant
<br />00198210-9302 $100,000 00 $5,500 00
<br />Circulation Stock - Kannapolis Library
<br />00198220-9302 $30,000 00 $1,000 00
<br />Circulation Stock - Mt. Pleasant Library
<br />00198230-9302 $40,000 00 $10,000 00
<br />Circulation Stock - Harrisburg Library
<br />00198240-9302 $150,664 00 $9,640 00
<br /> Circulation Stock - Concord Library
<br />00168240-6805 $0 00 $2,500 00
<br />Gifts & Contributions
<br />00198240-9331 $5,475 00 $2,500 00
<br />Minor Office Equipment
<br />
<br />Decrease
<br />
<br />Revised Budget
<br />
<br />$174,640.00
<br />
<br />$105,500.00
<br /> $31,000.00
<br />
<br /> $50,oo0.00
<br />
<br />$160,304.00
<br />
<br /> $2,500.o0
<br />
<br /> $7,975.00
<br />
<br />(E-2) Budget Amendment - Owens Corning Incentive Grant
<br />
<br /> UPON MOTION of Commissioner Carruth, seconded by Commissioner Carpenter
<br />and unanimously carried, the Board adopted the following budget amendment
<br />relative to the Owens Corning Incentive grant.
<br />
<br /> BUDGET REVISION/AMENDMENT REQUEST
<br />DEPARTMENT OF Finance (Owens Corning Inc. Grant)
<br />AMOUNT: $248,998.00
<br />TYPE OF ADJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: Carry forward FY 2002 Incentive Grant Funds of $105,696
<br />and appropriate an additional $143,302 for FY 2003 Incentive due to Large
<br />Discoveries made in Fall of 2002.
<br />
<br /> Present
<br /> Account No. Approved Budget
<br />00193320-9768 $65,100.00
<br />Owens Corning Incentive Grant
<br />00161710-6901 $5,160,059.88
<br /> Fund Balance Appropriated
<br />
<br />(E-3) Budget Amendment - Sales Tax Audits
<br />
<br /> Increase
<br />$248,998.00
<br />
<br />$248,998.00
<br />
<br />Decrease
<br />
<br />Revised Budget
<br />
<br />$314,098.00
<br />
<br />$5,409,057.88
<br />
<br /> UPON MOTION of Commissioner Carruth, seconded by Commissioner Carpenter
<br />and unanimously carried, the Board adopted the following budget amendment.
<br />
<br /> BUDGET REVISION/AMENDMENT REQUEST
<br />DEPARTMENT OF Finance
<br />AMOUNT: $58,419.00
<br />TYPE OF ADJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: To reflect increased sales tax revenues for audit finding
<br />of tax consultant from sales tax audits of construction contractors'
<br />statements for Fiscal Year ended 6-30-98. To provide related fees for audit
<br />services.
<br />
<br /> Present
<br /> Account No. Approved Budget
<br />00161710-6121 $10,233,158.00
<br />Sales Tax - County
<br />00191710-9445 $235,158.00
<br />Purchased Service
<br />
<br />Increase Decrease
<br />
<br />$58,419.00
<br />$58,419.00
<br />
<br />Revised Budget
<br />
<br />$10,291,577.00
<br />
<br /> $293,577.00
<br />
<br />(E-4) Letter of Support for the City of Concord's TEA-21 Application for
<br />Derita Road
<br />
<br /> The City of Concord has applied for funds to be included in the
<br />reauthorization of the TEA-21 legislation for improvements to Derita Road
<br />between the County line and Poplar Tent Road. This is an important economic
<br />development area in Cabarrus County and improvement of the road would support
<br />that development.
<br />
<br /> UPON MOTION of Commissioner Carruth, seconded by Commissioner Carpenter
<br />and unanimously carried, the Board authorized Chairman Freeman to send the
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