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AG 2014 05 19
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AG 2014 05 19
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Last modified
5/20/2014 5:07:06 PM
Creation date
11/27/2017 10:46:02 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
5/19/2014
Board
Board of Commissioners
Meeting Type
Regular
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B. The County Manager or designee is hereby authorized to transfer appropriations within or <br />between funds, or modify revenue and expenditure projections as contained herein under <br />the following conditions: <br />1. The County Manager may transfer amounts between objects of expenditures and <br />revenues within a function without limitation. <br />2. The County Manager may transfer amounts up to $100,000 between functions of the <br />same fund. <br />3. The County Manager may transfer amounts between contingency funds which are <br />set aside for a specific project for budgetary shortfalls or upon the appropriate <br />approval of a change order. <br />4. The County Manager is authorized to transfer funds from the General Fund or Capital <br />Reserve Fund to the appropriate fund for projects approved within the Capital <br />Improvement Plan for the current fiscal year. <br />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), 259. <br />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 />Attachment number 5 <br />F -3 Page 66 <br />
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