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September 17, 2018 (Regular Meeting)
<br />Page 3697
<br />Ordinance No. 2018-42
<br />CABARRUS COUNTY SMALL PROJECTS
<br />CAPITAL PROJECT ORDINANCE
<br />BE IT ORDAINED, by the Board of County Commissioners of the County of
<br />Cabarrus, North Carolina that, pursuant to Section 13.2 of Chapter 159 of the
<br />General Statutes of North Carolina, the following capital project ordinance is
<br />hereby adopted:
<br />Section I.
<br />A. The project authorized is for the purpose of accumulating and
<br />appropriating general fund revenues and federal and state grants
<br />funds received specifically for use by the appropriate Cabarrus
<br />County Department who has received the funds.
<br />B. The officers of this unit are hereby directed to proceed with this
<br />capital project within the terms of the guidelines as set forth by
<br />the federal and state government, 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 />Board of Elections Department
<br />Interest on Investments
<br />$ 34,098
<br />Contribution from General Fund
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<br />$ 245,582
<br />Register of Deeds Department:
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<br />Contribution from General Fund
<br />77,504
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<br />$216,737
<br />EEP Contract
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<br />60,146
<br />Drill Program Fees
<br />16,735
<br />Suther Farm Project
<br />780,000
<br />Hill Farm Project
<br />116,516
<br />Stewardship Fund
<br />36,421
<br />$1,243,455
<br />Local Agricultural Preservation Projects:
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<br />1,928,988
<br />Deferred Farm Tax Interest
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<br />TOTAL REVENUES
<br />$5,433,482
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<br />Ordinance No. 2018-42
<br />CABARRUS COUNTY SMALL PROJECTS
<br />CAPITAL PROJECT ORDINANCE
<br />BE IT ORDAINED, by the Board of County Commissioners of the County of
<br />Cabarrus, North Carolina that, pursuant to Section 13.2 of Chapter 159 of the
<br />General Statutes of North Carolina, the following capital project ordinance is
<br />hereby adopted:
<br />Section I.
<br />A. The project authorized is for the purpose of accumulating and
<br />appropriating general fund revenues and federal and state grants
<br />funds received specifically for use by the appropriate Cabarrus
<br />County Department who has received the funds.
<br />B. The officers of this unit are hereby directed to proceed with this
<br />capital project within the terms of the guidelines as set forth by
<br />the federal and state government, Generally Accepted Accounting
<br />Principles (GAAP) and the budget contained herein.
<br />C. It is estimated that the following revenues will be available to
<br />complete capital projects as listed:
<br />Board of Elections Department
<br />Interest on Investments
<br />$ 34,098
<br />Contribution from General Fund
<br />61,484
<br />Contribution from Capital Reserve
<br />150,000
<br />$ 245,582
<br />Register of Deeds Department:
<br />Register of Deeds Fees
<br />$1,543,669
<br />Interest on Investments
<br />43,351
<br />Contribution from General Fund
<br />77,504
<br />$1,664,524
<br />Soil and water Department:
<br />Other Improvement Projects
<br />$216,737
<br />EEP Contract
<br />16,900
<br />ADFP Grant
<br />60,146
<br />Drill Program Fees
<br />16,735
<br />Suther Farm Project
<br />780,000
<br />Hill Farm Project
<br />116,516
<br />Stewardship Fund
<br />36,421
<br />$1,243,455
<br />Local Agricultural Preservation Projects:
<br />Contribution from General Fund
<br />$13,800
<br />Deferred Farm Tax Collections
<br />1,928,988
<br />Deferred Farm Tax Interest
<br />304,382
<br />Interest on Investments
<br />32,751
<br />$2,279,921
<br />TOTAL REVENUES
<br />$5,433,482
<br />D. The following appropriations are made as listed:
<br />Board of Elections Department:
<br />Board of Elections Equipment and Furniture $ 245,582
<br />Register of Deeds Department:
<br />Register of Deeds Automation & Preservation $ 1,664,524
<br />
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