ORD-2009-042 - Central Recreation Repairs Capital Project Ordinance

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The purpose of the capital project amendments presented under Section 3 is to reflect the April issuance of alternative financing instead of 2001 Bond Funds to pay for these projects. The total appropriation for these projects remains the same. Amendments to Southern Community Park and West 10 Soccer are also included to 're~haracterize' the source of funds as 2001 Bond Funds with na change in the total appropriation for either project. Attachment 1 provides explanatory information related to each of the project ordinances being amended under Section 1 and 2. Attachment 2 contains the project ordinances themselves. The project ordinances show aH of the revenue currently appropriated, changes to the revenue being appropriated in the amendment and the total revenue appropriation as amended. This is followed by each of the expenditure lines for the capital project, the expenditure {fines being amended and the total expenditures as amended. Draft procedures for monitoring the Capital Projects Funds and appropriate action to manage project appropriations are provided in Attachment 3 as requested by the Board. Section 1: School Capital Project Fund Projects Over Budget -The following schedule summarizes the capital project ordinance amendments to address those projects in the School Capital Project Fund where expenditures have exceeded the approved budget. The Carrboro High School and Morris Grove Projects are still active projects and sales tax reimbursement to date for these two projects exceeds the budgeted amount by $382,600. At the request of the Chapel Hill Carrboro School System, staff has included the appropriation of $382,600 in additional sales tax reimbursement revenue to enable payment of additional project costs. CHCSS staff has also requested the balance of the Mobile Classroom project budget be moved to the Carrboro High School Project because the mobile unit purchased for the school was charged to the Carrboro High School Project: . Capital Project Ordinance Revenue Amount Expenditures Amount Orange Countv Schools 2a Pathwa Elements 1997 Bonds ; 115,513 Construction ; 33,661 State Bonds (; 37,409) Approp. Fund Bal (; 254,530) Tr. From School Ca Ital Reserve Fd ; 210,087 2b Playground Protective Surfaces Transferfrom Gen Fd ; 13,974 Surfacing ; 13,974 Chagel Hill-Carrboro Schools 2c Smith Middle SCh Cam us School Impact Fees ; 385,474 Construction ; 395,474 2d Carrboro HI h School Sales Tax Refmb. 5257,600 Construction ;915,544 2e Mobile Classroom Transfer from Gen Fd. Transfer from Gen Fd (;1,173,144) :274,200 Other (;110,000 2f Morris Grove Elements Sales Tau Refmb. 5125,000 Modular urchase Construction ;164,200 5725,000 Fund Total (;621,635) (5621.635)