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Memorandum <br />To: Board of Commissioners <br />From: Susan Fearrington, Finance Director <br />Date: May 21, 2018 <br />Ref: West Cabarrus High School Contingency Request <br />Finance Department <br />Cabarrus County Board of Education has requested contingency funding due to unforeseen site <br />issues and revisions made to the final approved civil construction documents. They are <br />requesting $860,000 of contingency allowance to help offset these expenitures. The current <br />contingency funded balance for the project is zero. <br />On February 5, 2018, the Board of Commissioners approved $600,000 in funding for West <br />Cabarrus High School unsuitable soils. Funding was provided $185,750 from the Mount <br />Pleasant Middle School Capital Reserve Contingency and $414,250 from the West Cabarrus <br />High School Capital Reserve Contingency (total amount funded as of that date). At this time, an <br />additional contingency funding of $1,081,500 for the West Cabarrus High School contingency is <br />included on a list of FY19 projects to be considered for Capital Reserve funding. The Board of <br />Education has requested funding prior to June 30, 2018. If approved by the Cabarrus County <br />Commissioners, this project would need to rise to the top of the list of projects to be funded with <br />Capital Reserve funding and be funded before the adoption of the FY19 budget. <br />65 Church Street BE (28025) • P.O. Bax 707 Canard, NC 28026-0707 <br />Phone: 704.920.289E • Fax: 704Q$0hh2881 number 1 \n <br />Website: www.cabarruscaunit'.us <br />G-2 Page 134 <br />