Agenda - 05-04-1999 - 7e - Laserfiche WebLink

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162 COUNTY GOVERNMENT IN NORTH CAROLINA Category III appropriations are allocated by the entire category rather than by individual items of equipment or furniture or by individual vehicles. If the board of education wishes to increase spending above the appropriation by the county commissioners for a Category I project, it must obtain their approval OTHER SPECIAL RULES AFFECTING SCHOOL APPROPRIATIONS Continuing Contracts for Capital Outlays (G.S 115C- 441(cl)). A change made in 1985 to the School Budget and Fiscal Control Act pern is school administrative units to enter into contracts for multiyear capital irnprme. ment projects or outlays, without the school unit's budget resolution for the cur. rent year including an appropriation for the entire contractual obligation However, the current year's school budget resolution does have to include an appropriation authorizing the current year's portion of the obligation, and thi, appropriation must include sufficient funds to pay amounts falling due under the contract in the current year. Moreover, the county commissioners must ap. prove such a continuing contract entered into by the school board. Appro"y of the contract by the board of commissioners obligates it to appropriate fiords in future fiscal years to pay the amounts falling due under the contract in those years. Lease - Purchase Acquisition of Automobiles G.S. 115C- 47(28) permits boards of education to purchase automobiles us* lease- purchase or installment - purchase contracts. Such contracts may ettend ova more than one year, and the school administrative unit may give the Scher a security interest in the automobiles as security for payment. The automobie are the sole security for payment given by the school unit. The unit may = pledge future years' revenues such as county property tax moneys to secure it payments, and, if the unit stops making payments during the contract, the ody recourse of the seller is to take possession of the automobiles. Site Purchase Appmaal The School Budget and Fiscal Control Act provides that the board of edea tion may not enter into a contract to purchase real property or spend any ' to buy it without the approval of the board of commissioners as to the Amor to be paid for the site (G.S. 115C- 426(1)). This approval is given as part d*I closing of the transaction. Note that the board of education, not the bard d commissioners, is responsible for selecting school sites (G.S. 115C -514 T keaa► missionets may not refuse to give their approval because they d6agra *1* 4.