AG 2003 06 16 - Laserfiche WebLink

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This rate of tax is based on an estimated total valuation of property for the purposes of taxation ors 11,317,598,000 at an estimated collection rate of 97.48 percent. The estimated rate of collections as based on the fiscal year ending 2002. An estimated total valuation of Real, Personal and Public Service property is $10,212,996,000 and vehicle of $1,104,602,000. Section VI. A. Special appropriations to non-profit organizations shall be distributed after the execution of an agreement which insures that all County funds are used statutorily permissible public purposes. The County Manager is hereby authorized to transfer appropriations wathm a fund as contained herein under the following conditions: 1. He may transfer amounts between objects of expenditures and revenues within a department without limitation. 2. He may transfer amounts up to $25,000 between departments of the same fund. 3. He may not transfer any amounts between funds nor from any contingency appropriation within any fund without action of the Board of Commissmners. Additional authority is granted to the manager to transfer amounts within and between funds for the sole purpose of funding salary and benefits adjustments consistent with the Cabarms County Personnel Management Policy and the Cabarms County Personnel Ordinance. He may enter into and execute change orders or amendments to construction contracts in, amounts up to $25,000 when the appropriate annual budget or capital project ordinance contains sufficient appropriated but unencumbered funds. He may award and execute contracts which are not required to be bid or which G.S. 143-131 allows to be let on informal bids so long as the annual budget or appropriate capital project ordinance contains sufficient appropriated but unencumbered funds for such purposes. 7. He may execute contracts with outside agencies to properly document budgeted appropriations to such agencies where G.S. 15 A-248(b), 259, 449 and any similar statutes require such contracts. 8. He may reject formal bids when deemed appropriate and in the best interest of Cabarms County pursuant to G.S. 143-129(a). Section VII. This ordinance and the budget documents shall be the basis for the financial plan for the County of Cabarrus for the 2003-04 Fiscal Year. The County Manager and the Budget Officer shall administer the Budget. The Finance Director shall establish and maintain all records, which are in concurrence with this Budget and Budget Ordinance and the appropriate Statutes of the State of North Carolina. Adopted this the 16th day of June, 2003. Robert M. Freeman, Chairman Frankie F. Bonds, Clerk to the Board 255