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CABARRUS COUNTY CDBG HOME 2009 GRANT <br />SPECIAL REVENUE PROJECT ORDINANCE <br />BE IT ORDAINED, by the Board of County Commissioners of the <br />County of Cabarrus, North Carolina that, pursuant to Section <br />13.2(a)of Chapter 159 of the General Statutes of North Carolina, <br />the following grant project ordinance is hereby adopted: <br />Section 1. The projects authorized is for the Grant <br />Projects for the purpose of receiving and disbursing funds as <br />directed Home Program Grant. The project is referenced in <br />Section 3. <br />Section 2. The officers of this unit are hereby directed <br />to proceed within the terms of the Generally Accepted Accounting <br />Principles (GAAP), the grant terms and the budget contained <br />herein. <br />Section 3. The following budgeted amounts are appropriated <br />for the projects: <br />HOME Program 173,649 <br />Total $ 173,649 <br />Section 4. The following revenues are anticipated to be <br />available to complete these projects: <br />HOME Program Grant 133,649 <br />Contribution from General Fund 40,000 <br />Total $ 173,649 <br />Section 5. The Finance Officer is hereby directed to <br />maintain within the Grant Project Fund sufficient detailed <br />accounting records to satisfy the terms of any debt financing <br />resolutions and any grant agreements or federal and state <br />regulations. <br />Section 6. Funds may be advanced from the General Fund for <br />the purpose of making payments as due. Reimbursement requests <br />should be made to the grantor agencies in an orderly and timely <br />manner. <br />Section 7. The Finance Officer is directed to report, at <br />the request of the Board, on the financial status of each project <br />element in Section 3 and on the total revenues received or <br />claimed. <br />Section 8. Copies of this grant project ordinance shall be <br />furnished to the Clerk to the Governing Board, and to the Budget <br />Officer and the Finance Officer for direction in carrying out the <br />projects. <br />Section 9. At the completion of each individual project, <br />all unrestricted excess funds are transferred to the General Fund <br />and the Grant Project Ordinance is closed. <br />Attachment number 12 <br />F -8 Page 204 <br />