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5. Upon notification of funding increases or decreases to existing grants or revenues, or <br />the award of grants or revenues, the Manager or designee may adjust budgets to <br />match, including grants that require a County match for which funds are available. <br />6. The County Manager or designee may adjust debt financing from estimated <br />projections to actual funds received. <br />7. The County Manager may enter into and execute change orders or amendments to <br />County construction contracts in amounts less than $90,000 when the appropriate <br />annual budget or capital project ordinance contains sufficient appropriated but <br />unencumbered funds. <br />8. The County Manager may award and execute contracts which are not required to be <br />bid or which G.S. 143 -131 allows to be let on informal bids so long as the annual <br />budget or appropriate capital project ordinance contains sufficient appropriated but <br />unencumbered funds for such purposes. <br />9. The County Manager may execute contracts with outside agencies to properly <br />document budgeted appropriation to such agencies where G.S. 153 A- 248(b), <br />259. 449 and any similar statutes require such contracts. <br />10. The County Manager may reject formal bids when deemed appropriate and in the <br />best interest of Cabarrus County pursuant to G.S. 143 -129 (a). <br />11. The County Manager may reduce revenue projections consistent with prevailing <br />economic conditions, and also reduce expenditures 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 Projects Fund <br />sufficient detailed accounting records to satisfy the requirements of the law. <br />b. The Finance Officer is directed to report, at the request of the Board, on the financial <br />status of each project element in Section I and on the total revenues received or claimed. <br />c. Copies of this capital project ordinance shall be furnished to the Clerk to the Governing <br />Board, and to the Finance Director for direction in carrying out this project. <br />d. At the completion of a construction project, all unrestricted excess funds are transferred to <br />the General Fund and the portion of the Capital Project Ordinance associated with the <br />project is closed. <br />Adopted this 16th day of May 2016. <br />ATTEST: <br />Clerk to the Board <br />CABARRUS COUNTY BOARD OF COMMISSIONERS <br />BY: <br />Stephen M. Morris, Chairman <br />F -4 <br />Attachment number 5 \n <br />Page 84 <br />