BC 2016 12 19 Regular Meeting - Laserfiche WebLink

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December 19, 2016 (Regular Meeting) Page 2995 6. The Manager or designee may adjust debt financing from estimated projections to actual funds received. 7 . The County Manager may enter into and execute change orders or amendments to construction contracts in amounts less than $90, 000 when the appropriate annual budget or capital project ordinance contains sufficient appropriated but unencumbered funds. 8 . The County Manager 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. 9. The County Manager may execute contracts with outside agencies to properly document budgeted appropriations to such agencies where G.S. 153 A-248 (b) , 259, 449 and any similar statutes require such contracts. 10 . The County Manager may reject formal bids when deemed appropriate and in the best interest of Cabarrus County pursuant to G. S. 143-129 (a) . 11 . The County Manager may .reduce revenue projections consistent with prevailing economic conditions, and also reduce expenditures correspondingly. Section III. This ordinance and the budget documents shall be the basis of the financial plan for the County of Cabarrus. a. The Finance Director is hereby directed to maintain within the Capital Project Fund sufficient detailed accounting records to satisfy the requirements of the law. b. The Finance Director is directed to report, at the request of the Board, on the financial status of each project element in Section I and on the total revenues received or claimed. c. Copies of this capital project ordinance shall be furnished to the Clerk to the governing Board, and to the Finance Director for direction in carrying out this project. d. At the completion of a construction project, all unrestricted excess funds are transferred to the General Fund and the portion of the Capital Project associated with the project is closed. Adopted this the 19th day of December, 2016. CABARRUS COUNTY BOARD OF COMMISSIONERS BY: /s/ Stephen M. Morris Stephen M. Morris, Chairman ATTEST: /s/ Megan Smit Megan Smit, Clerk to the Board (G--4) Planning and Development - Soil and water Conservation - Porter Easement 2 On behalf of the Soil and Water Conservation District (SWCD) , Jeff Goforth, SWCD, Vice Chairman, presented a request for the county to cover a gap in funding to close a conservation easement on the Porter Farms property. He reported the original estimated value of the easement would have come totally out of State and Federal funding and staff time with the land owner contribution. However, the final appraisal of the property came in 19 percent higher than the original estimated value. He stated the Federal government has decided to increase their funding by approximately $73, 000. 00 to match the increase. However, the State Agricultural Development Trust Fund is out of funds and cannot cover the difference. He advised the rules prohibit the land owner from waiving or taking less money; there must be a 25 percent match from the entity.