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9. The County Manager may execute contracts with outside agencies to properly <br /> document budgeted appropriations to such agencies where G.S. 153 A- <br /> 248(b), 259, 449 and any similar statutes require such contracts. <br /> 10. The County Manager may reject formal bids when deemed appropriate and in <br /> the best interest of Cabarrus County pursuant to G.S. 143-129(a). <br /> 11. The County Manager may reduce revenue projections consistent with <br /> prevailing economic conditions, and also reduce expenditures <br /> correspondingly. <br /> Section III. <br /> This ordinance and the budget documents shall be the basis of the financial plan for the <br /> County of Cabarrus. <br /> a. The Finance Director is hereby directed to maintain within the Capital Project <br /> Fund sufficient detailed accounting records to satisfy the requirements of the <br /> law. <br /> b. The Finance Director is directed to report, at the request of the Board, on the <br /> financial status of each project element in Section I and on the total revenues <br /> received or claimed. <br /> c. Copies of this capital project ordinance shall be furnished to the Clerk to the <br /> governing Board, and to the Finance Director for direction in carrying out this <br /> project. <br /> d. At the completion of a construction project, all unrestricted excess funds are <br /> transferred to the General Fund and the portion of the Capital Project <br /> associated with the project is closed. <br /> Adopted this the 18th day of September, 2017. <br /> CABARRUS COUNTY BOARD OF COMMISSIONERS <br /> BY: <br /> Stephen M. Morris, Chairman <br /> ATTEST: <br /> Clerk to the Board <br /> Attachment number 1 \n <br /> F-5 Page 50 <br />