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218 <br /> <br /> 7. This agreement shall be in effect for the period of July <br />1, 1991 through and including June 30, 1992. This agreement maybe <br />renewed and shall continue in force and effect for each successive <br />year in which Cabarrus County makes an appropriation to Economic <br />Development Corporation. <br /> IN WITNESS WHEREOF, the parties have caused this Agreement to <br />be executed upon authority duly given. CABARRUS COUNTY <br /> By: /s/ Billy J, Simmons, Jr. ' <br /> <br />ATTEST: <br />/s/ Frankie F, Bonds <br />Clerk <br /> <br />(seal) <br /> <br />ATTEST: <br /> <br />Chairman <br />Board of County Commissioners <br /> <br />PARTY OF THE FIRST PART <br />THE GREATER CABARRUS COUNTY <br />ECONOMIC DEVELOPMENT CORPORATION <br />By: <br /> <br />President <br /> <br />Executive Vice-President <br />(SEAL) PARTY OF THE SECOND PART <br />This instrument has been preaudited in the manner required by the <br />Local Government Budget and Fiscal Act. <br />By: /s/ Blair D. Bennett <br /> County Finance Officer <br />Date: 7/1/91 <br /> <br />GREATER CABARRUS COUNTY ECONOMIC DEVELOPMENT CORPORATION <br /> 1991-1992 Budget Proposal <br /> <br />REVENUE <br /> <br />Population Population <br /> 1991 1990 <br /> <br />Chambers $ <br />Cabarrus County 98,935 95,941 <br />Concord 30,932 30,000 <br />Harrisburg 2,134 2,030 <br />Kannapolis (Cab. Co.) 22,552 23,723 <br />Mt. Pleasant 1,027 1,336 <br />Interest Income <br />Reserve Fund <br /> Total Revenue $ <br /> <br />20,000 <br />76,179 <br />23,817 <br />1,643 <br />17,365 <br />790 <br />2,769 <br />15.670 <br />158,233 <br /> <br />DISBURSEMENTS <br />Salaries <br />Retirement <br />Personal Moving Expense <br />Auto Allowance <br />Auto Miscellaneous Mileage <br />P/R Taxes <br />Education/Conference <br />Expense Allowance <br />Professional Organization & Dues <br />Rent <br />Utilities <br />Professional Fees <br />Subscriptions <br />Postage <br />Maintenance & Repair <br />Supplies <br />Insurance (health & disability) <br />Insurance (general) <br />Office Moving Expense <br />Capital Expenditure <br />Miscellaneous <br /> Total Operating Expense <br /> <br /> 69,153 <br /> 2 730 <br /> 1 000 <br /> 3 300 <br /> 2 400 <br /> 6 000 <br /> 2 000 <br /> 1 500 <br /> 1 950 <br /> 10 200 <br /> 3 600 <br /> 2 100 <br /> 250 <br /> 1 200 <br /> 1 600 <br /> 2 750 <br /> 3 400 <br /> 1 100 <br /> 1 500 <br /> 4 000 <br /> 1,oo0 <br />122,733 <br /> <br />Advertising & Promotion 24,000 <br /> <br /> <br />