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December 17, 2018 (Regular Meeting) <br />Page 3776 <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 I <br />and on the total revenues received or claimed. <br />c. Copies of this capital project ordinance shall be furnished to the <br />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 excess <br />funds are transferred to the General Fund and the portion of the <br />Capital Project associated with the project is closed. <br />Adopted this 17�h day of December, 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. 2018-56 <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 />Interest on Investments $ 560,142 <br />Contributions from General Fund 79,684,286 <br />Contributions from Capital Projects Fund 338,309 <br />Contributions from CVB 573,771 <br />Contributions from other Governments 3,000,000 <br />TOTAL REVENUES $84,156,508 <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 />G.W. Carver Renovations <br />1,520,978 <br />CBTC Campus Renovations, Safety, Security <br />184,075 <br />CBTC A/C Unit Replacement <br />205,000 <br />Concord Middle School Roof <br />884,359 <br />Harrisburg Elementary School Roof <br />630,306 <br />Site Study Multiple Schools <br />30,000 <br />J.N. Fries Middle School - Upfit <br />300,000 <br />A.L. Brown High School Paving <br />500,000 <br />Performance Learning Center <br />590,709 <br />West Cabarrus High School <br />10,165,495 <br />Hickory Ridge Elementary School <br />3,733,001 <br />