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AG 2015 03 16
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AG 2015 03 16
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Last modified
3/17/2015 10:55:01 AM
Creation date
11/27/2017 10:37:15 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
3/16/2015
Board
Board of Commissioners
Meeting Type
Regular
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1. The Manager may transfer amounts between objects of expenditure and <br />revenues within a function without limitation. <br />2. The County Manager may transfer amounts up to $100,000 between functions <br />of the same fund. <br />3. The County Manager may transfer amounts between contingency funds which <br />are set aside for a specific project for budgetary shortfalls or upon the <br />appropriate approval of a change order. <br />4. The County Manager is authorized to transfer funds from the General Fund or <br />Capital Reserve Fund to the appropriate fund for projects approved within the <br />Capital Improvement Plan for the current fiscal year. <br />5. Upon notification of funding increases or decreases to existing grants or <br />revenues, or the award of grants or revenues, the Manager or designee may <br />adjust budgets to match, including grants that require a County match for which <br />funds are available. <br />6. The Manager or designee may adjust debt financing from estimated projections <br />to actual funds received. <br />7. The County Manager may enter into and execute change orders or <br />amendments to construction contracts in amounts less than $90,000 when the <br />appropriate annual budget or capital project ordinance contains sufficient <br />appropriated but unencumbered funds. <br />8. The County Manager may award and execute contracts which are not required <br />to be bid or which G.S. 143 -131 allows to be let on informal bids so long as the <br />annual budget or appropriate capital project ordinance contains sufficient <br />appropriated but unencumbered funds for such purposes. <br />9. The County Manager may execute contracts with outside agencies to properly <br />document budgeted appropriations 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 <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 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 />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 />Attachment number 1 <br />G -5 Page 192 <br />
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