BC 2018 05 21 Regular Meeting - Laserfiche WebLink

Home Browse Search

May 21, 2018 (Regular Meeting) Section III. Page 3549 This ordinance and the budget documents shall be the basis of the financial plan for the County of Cabarrus. a. The Finance Director is hereby directed to maintain within the Capital Project Fund sufficient detailed accounting records to satisfy the requirements of the law. b. The Finance Director is directed to report, at the request of the Board, on the financial status of each project element in Section I and on the total revenues received or claimed. c. Copies of this capital project ordinance shall be furnished to the Clerk to the governing Board, and to the Finance Director for direction in carrying out this project. d. At the completion of a construction project, all unrestricted excess funds are transferred to the General Fund and the portion of the Capital Project associated with the project is closed. Adopted this 21as day of May, 2018. CABARRUS COUNTY BOARD OF COMMISSIONERS BY: /s/ Stephen M. Morris Stephen M. Morris, Chairman ATTEST: Angela Poplin Interim Clerk to the Board 0cdinance No. 2018-17 CABARRUS COUNTY SCHOOL CONSTRUCTION PROJECT BUDGET ORDINANCE BE IT ORDAINED by the Board of Commissioners of Cabarrus County, 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 I. A. The project authorized is for the construction and renovations of Public Schools. Details of the projects are listed in section D. of this Project Ordinance. B. The officers of this unit are hereby directed to proceed with this capital project within the terms of the Generally Accepted Accounting Principles (GAAP) and the budget contained herein. a. It is estimated that the following revenues will be available to complete capital projects as listed. General Fund Contribution $892,168 Capital Reserve Contribution 3,828,030 Capital Projects Fund Contribution 244,612 TOTAL REVENUES $4,964,810 C. The following appropriations are made as listed. Site Evaluations -Multiple Schools 30,000 Early College Site at RCCC 746,859 Kannapolis Intermediate Renovations -Carver Elem 1,620,025 CBTC Campus Renovations, Safety, Security 184,075 CBTC A/C Units Replacement Phase II 105,000 Concord Middle School Roof 968,853 Harrisburg Elementary School Roof 685,531 Cox Elementary Sewer Relocation 25,000 Patriots Elementary Mobile Units 122,100 RCCC - HVAC Replacement 100,000 J.N. Fries Middle School Other Improvements 300,000 Available Other Improvements 77,367