BC 2018 06 18 Regular Meeting - Laserfiche WebLink

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June 18, 2018 (Regular Meeting) Page 3587 Carolina that, Pursuant to Section 13.2 0£ 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 $96,262 Capital Reserve Contribution 3,828,030 Capital Projects Fund Contribution 194,612 TOTAL REVENUES $4,118,904 C. The following appropriations are made as listed. Site Evaluations -Multiple Schools 30,000 %annapolis Intermediate Renovations -Carver Elem 1,520,978 CRTC Campus Renovations, Safety, Security 184,075 CHIC A/C Units Replacement Phase I and II 205,000 Concord Middle School Roof 968,853 Harrisburg Elementary School Roof 685,531 Cox Elementary Sewer Relocation 25,000 Patriots Elementary Mobile Units 122,100 J.N. Fries Middle School Other Improvements 300,000 Available Other Improvements 77,367 TOTAL EXPENDITURES $4,118,904 GRAND TOTAL - REVENUES $4,118,904 GRAND TOTAL - EXPENDITURES $4,118,904 Section II. A. Special appropriations to non-profit organizations shall be distributed after the execution of an agreement which ensures that all County funds are used for statutorily permissible public purposes. B. The County Manager or designee is hereby authorized to transfer appropriations within or between funds, or modify revenue and expenditure projections as contained herein under the following conditions: 1. The Manager may transfer amounts between objects of expenditure and revenues within a function without limitation. 2. The County Manager may transfer amounts up to $500,000 between functions of the same fund. 3. The County Manager may transfer amounts between contingency funds which are set aside for a specific project for budgetary shortfalls or upon the appropriate approval of a change order. 4. The County Manager is authorized to transfer funds from the General Fund or Capital Reserve Fund to the appropriate fund for projects approved within the Capital Improvement Plan for the current fiscal year. S. Upon notification of funding increases or decreases to existing grants or revenues, or the award of grants or revenues, the Manager or designee may adjust budgets to match, including grants that require a County match for which funds are available. 6. The Manager or designee may adjust debt financing from estimated projections to actual funds received. 7. The County Manager may enter into and execute change orders or