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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />AGENDA CATEGORY: <br />Consent Agenda <br />DECEMBER 18, 2017 <br />6:30 P.M. <br />SUBJECT: <br />Finance - Budget Write-off of Capital Projects in the Construction and <br />Renovation Fund and the School Construction Fund <br />BRIEF SUMMARY: <br />As County and School projects are completed or transferred to other <br />capital project funds, the budgeted revenues and expenditures need to be <br />written off and their respected Project Ordinances reduced. The <br />Construction and Renovation Fund had several projects that need to be <br />written off through a budget amendment and project ordinance. 1) the <br />Warehouse and Parking Deck have been moved to Fund 369, 2) the <br />election equipment purchase, Northeast Fire Hydrant project and <br />Arena bathroom projects are complete with the remaining balance of <br />$21,830.37 made available for future projects. The School Construction <br />Fund also had several projects that need to be written off through a <br />budget amendment and project ordinance. 1) Odell Elementary 3-5 <br />School is complete 2) Four school roof projects were completed, and 3) <br />Funds for Land purchases were transferred to other Capital Project funds <br />and the budget reduced in the School Construction Fund. <br />REQUESTED ACTION: <br />Motion to write-off completed or transferred project budgets in the <br />Construction and Renovation Fund and School Construction Fund and <br />approve the related budget amendments and project ordinances. <br />EXPECTED LENGTH OF PRESENTATION: <br />F-5 Page 72 <br />