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o~ <br />COUNTY OF LEE, NORTH CAROLINA <br />LEE COUNTY HIGH SCHOOL RENOVATIONS <br />CAPTIAL PROJECT BUDGET ORDNANCE <br />BE 1T ORDAINED by the Lee County Board of Commissioners that the following budget for <br />the LEE COUNTY HIGH SCHOOL RENOVATIONS PROJECT is hereby approved and <br />adopted: <br />Section 1: The following amounts are hereby appropriated for the Lee County High School <br />Renovations Project for the period August 18, 2009 to December 31, 2012, according to the <br />following schedule and summary. <br />Section 2: That for said project period there is hereby appropriated the following: <br />REVENUE <br />SOURCE AMOUNT <br />Debt Proceeds $ 400,000 <br />TOTAL PROJECT REVENUES $ 400,000 <br />EXPENSE <br />SOURCE AMOUNT <br />Professional Services $ 400,000 <br />TOTAL PROJECT EXPENSES $ 400,000 <br />Section 3. Funds that have been advanced, or may be advanced, from the General Fund for <br />project cost are intended to be reimbursed from the financing proceeds. <br />Section 4. Copies of this budget shall be furnished to the Finance Officer of Lee Countv, <br />North Carolina, to be kept on fife for direction in collection of revenue and expenditures of <br />amounts appropriated. <br />Section 5. The adoption of this capital project ordinance is intended as a declaration of this <br />unit's official intent to reimburse project expenditures from financing proceeds. <br />ADOPTED this I7th day of August, 2009. <br />Attest: <br />• <br />Richard 13. Hayes, Chairman <br />Gavnell M. Lcc. Clerk to the Board <br />