BC 1997 03 17 - Laserfiche WebLink

Home Browse Search

253 BUDGET REVISION/AMENDMENT REQUEST DEPARTMENT OF SCHOOL CONSTRUCTION FUNDS AMOUNT: $35,292.00 TYPE OF ADJUSTMENT: Supplemental Request PURPOSE OF REQUEST: To allocate additional needed funds for Rocky River Elementary legal and contract expenses. Line Item Present Approved Revised Account Number Budaet Increase Decrease Budget 33-9-72-20-820 8,714,208.00 Building Improvements 33-9-72-20-171 25,600.00 Legal Fees 33-9-72-20-660 216,673.00 Contingency 29,292.00 8,743,500.00 6,000.00 31,600.00 35,292.00 181,381.00 Adoption of Capital Pro~ect Ordinance/Budaet Amendment School Bonds General Obligation UPON MOTION of Commissioner Mills, seconded by Commissioner Barnhart and unanimously carried, the Board adopted the following Capital Project Ordinance and budget amendment. ORDINANCE NO. 1997-03 CAPITAL PROJECT ORDINANCE BE IT ORDAINED, by the Board of County Commissioners of the County of Cabarrus, North Carolina, that, pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project ordinance is hereby adopted: Section 1. The project authorized is the construction and renovations of new and existing schools to be financed by the sale of general obligation bonds. Section 2. The officers of this unit are hereby directed to proceed with this capital project within the terms of the bond resolution and the budget contained herein. Section 3. project: The following amounts are appropriated for the Cabarrus County Schools Kannapolis City Schools Total $41,027,700.00 $ 7,972,300.00 $49.,000.000.00 Section 4. The following revenues are anticipated to be available to complete this project: Proceeds from general obligation bonds $49,000,000.00 Section 5. The Finance Officer is hereby directed to maintain within the Capital Project Fund sufficient detailed accounting records to satisfy the terms of the bond 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 agency in an orderly and timely manner. Section 7. The Finance Officer is directed to report, on a monthly basis, 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. Adopted this 17th day of March, 1997.