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AG 2010 10 18
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AG 2010 10 18
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Last modified
11/15/2011 8:59:39 AM
Creation date
11/27/2017 11:23:37 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
10/14/2010
Board
Board of Commissioners
Meeting Type
Regular
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CABARRUS COUNTY CANNON MEMORIAL LIBRARY <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 13.2 <br />of Chapter 159 of the General Statutes of North Carolina, the <br />following special revenue project ordinance is hereby adopted: <br />Section 1. The special revenue project authorized is for the <br />purpose of collecting and appropriating contributions and private <br />donations received specifically for the Cabarrus County Cannon <br />Memorial Library System. <br />Section 2. The officers of this unit are hereby directed to <br />proceed with this project within the terms of the Generally Accepted <br />Accounting Principles (GAAP) and the budget contained herein. <br />Section 3. The following budgeted amounts are appropriated <br />for the projects: <br />Other Operating Costs $ 779,013 <br />Bank Service Charges $ 3,585 <br />Contribution to General Fund $ 200,096 <br />Section 4. The following revenues are anticipated to be <br />available to complete this project: <br />Contributions and Private Donations $ 752,291 <br />Contributions and Donations - Flowe Trust $ 8,759 <br />Interest on Investments $ 151,668 <br />Interest on Investments - Trust $ 44,877 <br />Fund Balance - Appropriate $ 25,099 <br />Section S. The Finance Officer is hereby directed to maintain <br />within the Special Revenue Fund sufficient detailed accounting <br />records. <br />Section 6. Funds may be advanced from the General Fund for <br />the purpose of making payments as due. Reimbursement to the General <br />Fund should be made in an orderly and timely manner. <br />Section 7. The Finance Officer is directed to report, at the <br />request of the Board, on the financial status of each project <br />element in Section 3 and on the total revenues received or claimed. <br />Section 8. Copies of this special revenue project ordinance <br />shall be furnished to the Clerk to the Governing Board, and to the <br />Budget Officer and the Finance Officer for direction in carrying out <br />this project. <br />Section 9. At the completion of the project, all unrestricted <br />excess funds are transferred to the Capital Reserve Fund and the <br />Special Revenue 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 <br />the following conditions: <br />a. The Manager may transfer amounts between objects of expenditures <br />and revenues within a function without limitation. <br />b. The Manager may transfer amounts up to $100,000 between functions <br />of the same ordinance. <br />C. The Manager may transfer amounts between contingency fundsA wkc}i FA nt number 2 <br />are set aside for a specific projects upon the appropriate <br />F -9 Page 148 <br />
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