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2 <br />The purpose of the capital project amendments presented under Section 3 is to reflect the April <br />issuance of alternative financing instead of 2001 Bond Funds to pay for these projects. The total <br />appropriation for these projects remains the same. Amendments to Southern Community Park and West <br />10 Soccer are also included to "re-characterize" the source of funds as 2001 Bond Funds with no change <br />in the total appropriation for either project. <br />Attachment 1 provides explanatory information related to each of the project ordinances being amended <br />under Section 1 and 2. Attachment 2 contains the project ordinances themselves. The project <br />ordinances show all of the revenue currently appropriated, changes to the revenue being appropriated in <br />the amendment and 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: School 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 High School and Morris Grove Projects are still active 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 Hill 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 High School Project. <br /> Capital Project Ordinance Revenue Amount Expenditures Amount <br /> Orange Countv Schools <br />2a Pathwa s Elementa 1997 Bonds $ 115,513 Construction $ 33,661 <br /> State Bonds ($ 37,409) <br /> Approp. Fund Bal ($ 254,530) <br /> Tr. From School <br />Ca ital Reserve Fd $ 210,087 <br />2b Playground Protective <br />Surfaces Transfer from Gen Fd $ 13,974 Surfacing $ 13,974 <br /> Chapel Hill-Carrboro Schools <br />2c Smith Middle Sch Cam us School Impact Fees $ 395,474 Construction $ 395,474 <br />2d Carrboro Hi h School Sales Tax Reimb. $257,600 Construction ($915,544) <br /> Transfer from Gen Fd. ($1,173,144) <br />2e Mobile Classroom Transfer from Gen Fd ($274,200) Other ($110,000) <br /> Modular urchase ($164,200) <br />2f Morris Grove Elementa Sales Tax Reimb. $125,000 Construction $125,000 <br /> Fund Total ($621,635) ($621,635) <br />