RESOLUTION

  A RESOLUTION TO APPROVE THE USE OF CONSTRUCTION RESERVES  

WHEREAS, the Board of Supervisors is charged by the Code of Virginia with the preparation of an annual budget for Fauquier County ; and  

WHEREAS, in FY 2002 the Board of Supervisors approved the establishment of a Construction Reserve for the School Division and a Construction Reserve for the County ; and  

WHEREAS, the funding methodology for the Reserves has been approved by the Board of Supervisors and is primarily from the prior years fund balance; and  

WHEREAS, during the annual Budget process a number of requested Capital Fund issues are recommended for Construction Reserve funding; and  

WHEREAS, the Board of Supervisors has reviewed the FY 2004 Capital Fund requests and recommended sources of funding; now, therefore, be it  

RESOLVED by the Fauquier County Board of Supervisors this 25th day of March 2003, That  the following projects and amounts totaling $1,146,394 are approved to be funded from the Construction Reserve s:

 

                        PROJECTS                                                         AMOUNT

County Construction Reserve:

Pool Northern Region                                                                           $665,869

Bradley Elementary Parking Parks & Rec.                                              $82,235

Site Plan Revisions Parks & Rec.                                               $43,000

Cedar Lee/Marshall Tennis Courts Parks & Rec.                        $72,500

Finance System Enhancements                                                       $20,000

J.B. Payne Building ADA Compliance Library                        $143,600

County HVAC                                                                           $60,000

County Roofs                                                                             $43,881

                                                                                                            $1,131,085

School Division Construction Reserve:
Fauquier H.S. Student Lockers - Schools                                                  $15,309
                                                                                                            $1,146,394