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CABARRUS COUNTY <br />SPECIAL REVENUE PROJECT ORDINANCE <br />BE IT ORDAINED, by the Board of County Commissioners of the County of <br />Cabarrus, North Carolina, that, pursuant to Section 13.2 of Chapter 159 of the General <br />Statutes of North Carolina, the following special revenue project ordinance is hereby <br />adopted: <br />Section 1. The projects authorized is for the Grant Projects for the purpose of <br />receiving and disbursing funds as directed by Home Program Grant and the Department <br />of Commerce. The projects are referenced in Section 3. <br />Section 2. The officers of this unit are hereby directed to proceed within the terms <br />of the Generally Accepted Accounting Principles (GAAP), the grant terms, the rules and <br />regulations of the Department of Commerce and the budget contained herein. <br />Section 3. The following budgeted amounts are appropriated for the projects: <br />CDBG: <br />Sub - Contractor <br />Home 2011: <br />Sub - Contractor <br />Consultants <br />Home 2012: <br />Sub - Contractor <br />Consultants <br />Home 2013: <br />Sub - Contractor <br />Consultants <br />Total <br />$ 34,997 <br />173,881 <br />8,115 <br />117,841 <br />5,570 <br />117,345 <br />5.541 <br />$ 463,290 <br />Section 4. The following budgeted revenues are anticipated to be available to <br />complete these projects. <br />CDBG <br />Program Fees <br />Home 2011: <br />Home Consortium Revenues <br />Program Fees <br />Contribution from General Fund <br />Home 2012: <br />Home Consortium Revenues <br />Contribution from General Fund <br />Home 2013: <br />Home Consortium Revenues <br />Contribution from General Fund <br />Total <br />$ 34,997 <br />125,706 <br />26,290 <br />30,000 <br />98,411 <br />25,000 <br />97,886 <br />25,000 <br />$ 463,290 <br />Section 5. The Finance Officer is hereby directed to maintain within the Grant <br />Project sufficient detailed accounting records to satisfy the terms of any debt financing <br />resolutions and any grant agreements or federal and State regulations. <br />Page 70 <br />