HomeMy WebLinkAboutC.054.93010_0474Section 6. Capital Outlay funds are appropriated to the two school units as
follows.
Debt Service on Certificates of Participation
Iredell
Mooresville
Statesville
Graded School
Schools
District Total
Restricted Sales Taxes 3,647,520
855,035 4,502,558
7'/,, Cent Ad Valorem Taxes 6,535,405
1,163,270 7,698,675
Public School Building Capital Fund 1,609,560 200,170 1,809,730
TOTALS $ 17_9.2435 $ 2A8475 $ 14E010,963
Capital Outlay appropriated by the Board of Commissioners is to be expended for
the following categories as contained in G.S. I I5C-426(f).
(1) Acquisition of land
(2) Building acquisition and construction
(3) Acquisition or replacement of furnishings and equipment
(4) Acquisition of school buses
(5) Acquisition of activity buses
Approved Capital Expenditures for the two school units are as follows.
Iredell-Statesville Schools
Debt Service on G.O. Bonds
1,691,580
Debt Service on Certificates of Participation
4,626,680
Third Creek Elementary
2,903,780
Annual Renovations
361,297
Roofing
350,000
Boiler/HVAC
300,000
Mobile Unit Set-up
175,000
Maintenance Vehicles
50,000
Buses
450,000
Paving
75,000
Waste Water
450,000
Furniture/Equipment
425,760
Technology
100,453
11,959,550
Less: Lease payment due from schools
(167,065)
TOTAL $
11_792.485
Mooresville Graded School District
Debt Service on G.O. Bonds
388,575
Debt Service on COPS (County issued)
393,615
Debt Service on COPS (MGSD issued)
975,000
Parking & Paving — MHS & MMS
150,000
Bleachers — MMS
75,000
Covered Walk & Sidewalk — MIS
50,000
South Elementary Improvements
95,000
Parkview Elementary Improvements
70,000
Other Improvements
21,285
TOTAL
$ 2,218
Deviation of more than 10% from approved Capital Expenditures will
require prior approval from the Iredell County Board of Commissioners.
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