Laserfiche WebLink
September 17, 2018 (Regular Meeting) <br />Section III. <br />Page 3690 <br />11. The County Manager may reduce revenue projections consistent with <br />prevailing economic conditions, and also reduce expenditures <br />correspondingly. <br />This ordinance and the budget documents shall be the basis of the financial <br />plan for the County of Cabarrus. <br />a. The Finance Director is hereby directed to maintain within the <br />Capital Project Fund sufficient detailed accounting records to <br />satisfy the requirements of the law. <br />b. The Finance Director is directed to report, at the request of the <br />Board, on the financial status of each project element in Section <br />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 for <br />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 171" Day of September, 2018. <br />ATTEST: <br />/s/ Lauren Linker <br />Clerk to the Board <br />CABARRUS COUNTY BOARD OF COMMISSIONERS <br />BY: /s/ Stephen M. Morris <br />Stephen M. Morris, Chairman <br />CABARRUS COUNTY CAPITAL RESERVE <br />CAPITAL PROJECT BUDGET ORDINANCE <br />Ordinance No. 2018-41 <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 <br />Contributions from CVB <br />Contribution from Capital Projects Fund <br />Interest on Investments <br />TOTAL REVENUES <br />D. The following appropriations are made as listed: <br />Mt. Pleasant Middle School <br />Royal Oaks Elementary <br />Kannapolis Middle School <br />Odell 3-5 Elementary School <br />Kannapolis Intermediate Renovation(Carver) <br />CBTC Campus Renovations, Safety, Security <br />CHIC A/C Unit Replacement Phase II <br />Concord Middle School Roof <br />Harrisburg Elementary School Roof <br />$79,684,286 <br />573,771 <br />338,309 <br />560,142 <br />$81,156,508 <br />3,627,164 <br />4,476,490 <br />5,018,148 <br />19,755,175 <br />1,520,978 <br />184,075 <br />105,000 <br />884,359 <br />630,306 <br />