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GRANT PROJECT ORDINANCE <br />2003-2004 Economic Recovery Grant <br /> <br />BE IT ORDAINED by the CABARRUS COUNTY BOARD OF COUNTY <br />COMMISSIONERS, that pursuant to Section 13.2 of Chapter 159 of the General Statutes <br />of North Carolina, the following project ordinance is hereby adopted: <br /> <br />Section 1. The project authorized is the Community Development project described in <br />the work statement contained in the grant agreement between this unit and the <br />Department of Commerce. The project is more familiarly known as the Economic <br />Recovery Grant. <br /> <br />Section 2. The officers of this unit are hereby directed to proceed with the grant project <br />within the terms of the grant document(s), the rules and regulations of the NC <br />Department of Commerce and the budget contained herein. <br /> <br />Section 3. The following revenues are anticipated to be available to complete this <br />project. <br /> <br />$180,000 ............................. Economic Recovery Grant <br /> <br />Section 4. The following amounts are appropriated for the project: <br /> <br />1. Economic Recovery Study ................ $170,000 <br />2. Administration .......................... $10,000 <br /> <br />Section 5. The Finance Officer is hereby directed to maintain within the Grant Project <br />Fund sufficient detailed accounting records to provide the accounting to the grantor <br />agency required by the grant agreement(s) and the federal and state regulations. <br /> <br />Section 6. Requests for funds should be made to the grantor agency in an orderly and <br />timely manner as funds are obligated and expenses incurred. <br /> <br />Section 7. The Finance Officer is directed to report monthly in the financial reports the <br />status of each project element in Section 4 and on the total revenues received or claimed. <br /> <br />Section 8. The Budget Officer is directed to include a detailed analysis of past and future <br />costs and revenues on this grant project in every budget submission made to this Board. <br /> <br />Section 9. Copies of this grant ordinance shall be made available to the Budget Officer <br />and the Finance Director for directions in carrying out this project. <br /> <br /> Project Budget Ordinance <br />2004 Econormc Recovery Grant <br /> <br /> - 1 - <br /> <br /> <br />