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June 20, 2016 (Regular Meeting)
<br />Page 2791
<br />fiscal year ending 2015. In accordance with previous action by the Board
<br />of County Commissioners, the County collection fee is set at 1.5 %. The taxes
<br />will be collected by the Cabarrus County Tax Collector, as provided in G.S.
<br />69 -25.4:
<br />Fire Districts
<br />Allen
<br />Cold Water
<br />Concord Rural
<br />Flowe's Store
<br />Georgeville
<br />Gold Hill
<br />Harrisburg Rural
<br />Jackson Park
<br />Kannapolis Rural
<br />Midland
<br />Mt. Mitchell
<br />Mt. Pleasant Rural
<br />Northeast
<br />Odell
<br />Richfield- Miaenheimer
<br />Rimer
<br />Total Estimated Budget
<br />Section V.
<br />Amount Produced
<br />Total
<br />(97.32%
<br />Valuation
<br />Rate
<br />collection rate)
<br />487,403,306
<br />0.0550
<br />260,887
<br />321,203,644
<br />0.0600
<br />187,557
<br />29,129,866
<br />0.0410
<br />11,623
<br />465,423,120
<br />0.0500
<br />226,475
<br />242,746,548
<br />0.0920
<br />217,342
<br />40,726,096
<br />0.0800
<br />31,708
<br />627,985,516
<br />0.1315
<br />803,669
<br />137,644,347
<br />0.0580
<br />77,694
<br />178,938,538
<br />0.0350
<br />60,950
<br />565,636,679
<br />0.0800
<br />440,382
<br />105,446,012
<br />0.0826
<br />84,764
<br />411,406,828
<br />0.1030
<br />412,393
<br />115,578,952
<br />0.1270
<br />142,851
<br />964,497,674
<br />0.0680
<br />638,281
<br />12,567,390
<br />0.0700
<br />8
<br />183,817,886
<br />0.0680
<br />121,646
<br />from Tax Levy 4,890,152,402
<br />1.2011%
<br />3,726,783
<br />The County Manager and /or Finance Director, or designee is hereby
<br />authorized to transfer appropriations within or between funds, or modify
<br />revenue and expenditure projections as contained herein under the
<br />following conditions:
<br />1. The Finance Director may transfer amounts between objects of
<br />expenditure within a function.
<br />2. The County Manager may transfer amounts between objects of
<br />expenditures and revenues without limitation.
<br />3. The County Manager may not transfer any amounts between funds or
<br />from any contingency appropriation within any fund without action
<br />of the Board of Commissioners, except as specified below for
<br />budget shortfalls and change orders.
<br />4. The County Manager may transfer amounts between contingency funds
<br />which are set aside for a specific project for budgetary
<br />shortfalls or upon the appropriate approval of a change order.
<br />5. The County Manager is authorized to transfer funds from the
<br />General Fund or Capital Reserve Fund to the appropriate fund for
<br />projects approved within the Capital Improvement Plan for the
<br />current fiscal year.
<br />6. Additional authority is granted to the Finance Director or
<br />designee to transfer amounts within and between funds for the sole
<br />purpose of funding salary and benefits adjustments consistent with
<br />the Cabarrus County Personnel Management Policy and the Cabarrus
<br />County Personnel Ordinance.
<br />7. Upon notification of funding increases or decreases to existing
<br />grants or revenues, or the award of grants or revenues, the Manager
<br />or Designee may adjust budgets to match, including grants that
<br />require a County match for which funds are available.
<br />8. The Manager, Finance Director, or designee may create debt
<br />financing amendments from estimated projections upon approval by
<br />the Board of Commissioners of the debt financing and adjust as
<br />needed upon closing.
<br />9. The County Manager may enter into and execute change orders or
<br />amendments to construction contracts in amounts less than $90,000
<br />when the appropriate annual budget or capital project ordinance
<br />contains sufficient appropriated but unencumbered funds.
<br />10. The County Manager may execute contracts which are not required
<br />to be bid or which G.S. 143 --131 allows to be let on informal bids
<br />
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