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June 18, 2018 (Regular Meeting)
<br />Page 3598
<br />b. The Finance Director is directed to report, at the request of
<br />the Board, on the financial status of each project element in
<br />Section I and on the total revenues received or claimed.
<br />c. Copies of this capital project ordinance shall be furnished to
<br />the Clerk to the governing Board, and to the Finance Director
<br />for direction in carrying out this project.
<br />d. At the completion of a construction project, all unrestricted
<br />excess funds are transferred to the General Fund and the portion
<br />of the Capital Project associated with the project is closed.
<br />Adopted this 18th day of June, 2018.
<br />CABARRUS COUNTY BOARD OF COMMISSIONERS
<br />BY: /s/ Stephen M. Morris
<br />Stephen M. Morris, Chairman
<br />ATTEST:
<br />/s/ Angela Poplin
<br />Interim Clerk to the Board
<br />Ordinance No. 2018-26
<br />CABARRUS COUNTY CAPITAL RESERVE
<br />CAPITAL PROJECT BUDGET ORDINANCE
<br />BE IT ORDAINED by the Board of Commissioners of Cabarrus County, North
<br />Carolina that, Pursuant to Section 13.2 of Chapter 159 of the General Statutes
<br />of North Carolina, the following capital project ordinance is hereby adopted:
<br />Section I.
<br />A. The project authorized is for the purpose of accumulating and
<br />appropriating funds specifically for future County and School capital
<br />projects.
<br />B. The officers of this unit are hereby directed to proceed with this
<br />capital project within the terms of the Generally Accepted Accounting
<br />Principles (GAAP) and the budget contained herein.
<br />C. It is estimated that the following revenues will be available to
<br />complete capital projects as listed.
<br />Contributions from General Fund $79,684,286
<br />Contributions from CVB 573,771
<br />Contribution from Capital Projects Fund 338,309
<br />Interest on Investments 560,142
<br />TOTAL REVENUES $81,156,508
<br />D. The following appropriations are made as listed:
<br />Mt. Pleasant Middle School
<br />3,627,164
<br />Royal Oaks Elementary
<br />4,476,490
<br />Kannapolis Middle School
<br />5,018,148
<br />Odell 3-5 Elementary School
<br />19,755,175
<br />Kannapolis Intermediate Renovation(Carver)
<br />1,520,978
<br />CRTC Campus Renovations, Safety, Security
<br />184,075
<br />CBTC A/C Unit Replacement Phase II
<br />105,000
<br />Concord Middle School Roof
<br />884,359
<br />Harrisburg Elementary School Roof
<br />630,306
<br />R. Brown McAllister School
<br />30,000
<br />RCCC - A/C Replacement
<br />100,000
<br />West Cabarrus High School
<br />8,941,495
<br />Performance Learning Center
<br />590,709
<br />RCCC - Advanced Technology Center
<br />1,580,396
<br />New CCS Elementary School
<br />2,437,001
<br />Community College Renovations
<br />280,043
<br />Cabarrus County Schools - Buses FY16
<br />875,000
<br />Cabarrus County Schools - Mobile Units FY16
<br />1,110,000
<br />Cabarrus County Schools yellow buses (10) FY17
<br />880,000
<br />Cabarrus County Schools mobile units (20) FY17
<br />2,400,000
<br />Kannapolis City Schools yellow buses (5)
<br />441,739
<br />School Contingency
<br />1,581,389
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