|
CABARRUS COUNTY
<br />SCHOOL CAPITAL PROJECTS
<br />BUDGET ORDINANCE
<br />
<br /> BE IT ORDAINED by the Board of Commissioners of Cabarrus County, North Carolina
<br />that, Pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the
<br />following capital project ordinance is hereby adopted:
<br />
<br />Section I.
<br />
<br />A. The project authorized is for the construction and renovations of School Facilities.
<br />Details of the project are listed in section C. of this Project Ordinance.
<br />
<br />B. The officers of this unit are hereby directed to proceed with this capital project within
<br />the terms of the Generally Accepted Accounting Principles (GAAP) and the budget
<br />contained herein.
<br />
<br />It is estimated that the following revenues will be available to complete capital
<br />projects as listed.
<br />
<br />Contribution from General Fund/CIF $ 19,765,958
<br />Contribution from Capital Projects Fund 9,522,511
<br />Debt Proceeds 2020 Draw Note 46,620,222
<br />Debt Proceeds 2022 Draw Note 55,711,930
<br />Contribution from Capital Reserve Fund 1,662,314
<br />NC Department of Transportation 500,000
<br />
<br />
<br />TOTAL REVENUES $133,782,935
<br />
<br />
<br />C. The following appropriations are made as listed.
<br />
<br />CCS Mobile Unit Renovation $ 3,300,000
<br />Concord High Fire Alarm Replacement 89,314
<br />Northwest High Fire Alarm Replacement 89,314
<br />JM Robinson Renovation 81,195
<br />R. Brown McAllister Replacement 39,950,000
<br />CCS New Middle School 55,804,300
<br />CCS New High School 9,508,821
<br />Kannapolis Middle School 138,897
<br />AL Brown Football Stadium ADA/Drainage 228,000
<br />AL Brown Roof Replacement 190,000
<br />RCCC Building 1000 Boiler 62,780
<br />RCCC Building 2000 Roof Replacement 154,500
<br />RCCC CBTC HVAC 244,291
<br />Contribution to Capital Reserve 5,001,114
<br />Early College Mobile Units 1,850,000
<br />Deferred Maintenance Cabarrus County Schools 13,431,125
<br />Deferred Maintenance Kannapolis City School 2,451,284
<br />Deferred Maintenance Rowan Cabarrus Community College 1,208,000
<br />
<br />TOTAL EXPENDITURES $133,782,935
<br />
<br />
<br />GRAND TOTAL REVENUES $133,782,935
<br />GRAND TOTAL EXPENDITURES $133,782,935
<br />
<br />
<br />
|