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CABARRUS COUNTY HOME 2011 -2012 GRANT <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(a)of Chapter 159 of <br />the General Statutes of North Carolina, the following grant project ordinance <br />is hereby adopted: <br />Section 1. The projects authorized is for the Grant Projects for the <br />purpose of receiving and disbursing funds as directed Home Program Grant. The <br />project is referenced in Section 3. <br />Section 2. The officers of this unit are hereby directed to proceed <br />within the terms of the Generally Accepted Accounting Principles (GAAP), the <br />grant terms and the budget contained herein. <br />Section 3. The following budgeted amounts are appropriated for the <br />projects: <br />HOME Program $ 155,706 <br />Total $ 155,706 <br />Section 4. The following revenues are anticipated to be available to <br />complete these projects: <br />HOME Program Grant $125,706 <br />Contribution from General Fund $30,000 <br />Total $ 155,706 <br />Section 5. The Finance Officer is hereby directed to maintain within <br />the Grant Project Fund sufficient detailed accounting records to satisfy the <br />terms of any debt financing resolutions and any grant agreements or federal <br />and state regulations. <br />Section 6. Funds may be advanced from the General Fund for the purpose <br />of making payments as due. Reimbursement requests should be made to the <br />grantor agencies in an orderly and timely manner. <br />Section 7. The Finance Officer is directed to report, at the request of <br />the Board, on the financial status of each project element in Section 3 and <br />on the total revenues received or claimed. <br />Section 8. Copies of this grant project ordinance shall be furnished to <br />the Clerk to the Governing Board, and to the Budget Officer and the Finance <br />Officer for direction in carrying out the projects. <br />Section 9. At the completion of each individual project, all <br />unrestricted excess funds are transferred to the General Fund and the Grant <br />Project Ordinance is closed. <br />Section 10. The County Manager is hereby authorized to transfer <br />revenues and appropriation within an ordinance as contained herein under the <br />following conditions: <br />a. The Manager may transfer amounts between objects of expenditures and <br />revenues within a function without limitation. <br />b. The Manager may transfer amounts up to $100,000 between functions of <br />the same ordinance. <br />Attachment number 1 <br />F -1 Page 21 <br />