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N <br />bou 20 PICF 946 <br />COUNTY OF LEE, NORTH CAROLINA <br />MIDDLE SCHOOL FACILITY <br />CAPTIAL PROJECT BUDGET ORDINANCE <br />BE IT ORDAINED by the Lee County Board of Commissioners that the following budget for <br />the MIDDLE SCHOOL FACILITY is hereby approved and adopted: <br />Section 1: The following amounts are hereby appropriated for the Middle School Facility for <br />the period April 15, 2006 to December 31, 2008, according to the following schedule and <br />summary. <br />Section 2: That for said project period there is hereby appropriated the following: <br />REVENUE <br />SOURCE AMOUNT <br />Debt Proceeds $ 300.000 <br />TOTAL PROJECT REVENUES $ 300,000 <br />EXPENSE <br />SOURCE AMOUNT <br />Professional Services $ 300.000 <br />TOTAL PROJECT EXPENSES $ 300,000 <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 County, <br />North Carolina, to be kept on file 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 1st day of May, 2006. ®r~~ <br />Herbert A. Hincks, airman <br />Attest: NORTH CAROLINA, LEE COUNTY <br />Presented for registration on the 12-day <br />of V- 20, Q(c~ at APA/PM <br />recorded in Book 4- Page l 35 <br />Mollie A. McInnis, Register of Deeds <br />