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<~ <br />2 i. <br />-The purpose of the capital project amendments presented under Section 3 is to.,ref{ect the April issuance <br />of alternative financing instead. of 2001 Bond Funds to pay for these projects. 'The total appropriation for <br />these projects remains the same. Amendrnents:,to Southern;Community Park and West 10 Soccer are <br />also included to "re-characterize° the~`'source of funds. as 2001:; Bond Funds with `no change in the total <br />..., <br />appropriation for either. project. <br />. `Attachment 1 provides explanatory, information related to each of the project ordinances being amended <br />,. <br />under;;;Section 1 ;and , 2. Attachment 2 -contains the project ordinances themselves. The project <br />.: _ .. <br />currently appropriated; changes to the revenue being appropriated in <br />the' amendment/ anld the total. revenue. appropriation as amended. This is followed by each of the <br />expenditure lines for the capital project, the expenditure lines being amended and the total expenditures <br />as amended: ' <br />!Draft' procedures` for monitoring the Capital Projects Funds and .appropriate; action to manage project <br />appropriations are provided in Attachment 3 as requested by~the Board. . <br />Section 1: $chool Capital Project:Fund Projects Over Budget -;.The, following schedule summarizes <br />.the capital project ordinance amendments to.address. those projects-in the School Capital` Project Fund <br />where expenditures have exceeded'the approved budget. <br />The Carrboro Nigh School and Morris Grove Projects are still aat'ive projects and,.. sales tax <br />reimbursement to date for these two projects exceeds the budgeted amount by $382,600. At the request <br />of the Chapel Hi11 Carrboro School System, -staff has included. the: appropriation of $382;600 in additional <br />sales tax reimbursement revenue to ,enable payment of additional project costs. <br />CHCSS staff has also requested the balance of the Mobile Classroom project budget be moved to the <br />Carrboro High,. School. Project because the mobile unit purchased for the school was charged to the <br />Carrboro Hi h School Project , '. . <br />9 <br /> <br />