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June 19, 2017 (Regular Meeting) Page 3194 <br /> 8. The County Manager may award and execute contracts which are not <br /> required to be bid or which G.S. 143-131 allows to be let on informal <br /> bids so long as the annual budget or appropriate capital project <br /> ordinance contains sufficient appropriated but unencumbered funds <br /> for such purposes. <br /> 9. The County Manager may execute contracts with outside agencies to <br /> properly document budgeted appropriations to such agencies where <br /> G.S. 153 A-248 (b) , 259, 449 and any similar statutes require such <br /> contracts. <br /> 10. The County Manager may reject formal bids when deemed appropriate <br /> and in the best interest of Cabarrus County pursuant to G.S. 143- <br /> 129 (a) . <br /> 11. The County Manager may reduce revenue projections consistent with <br /> prevailing economic conditions, and also reduce expenditures <br /> correspondingly. <br /> Section III. <br /> This ordinance and the budget documents shall be the basis of the financial <br /> plan for the County of Cabarrus. <br /> a. The Finance Director is hereby directed to maintain within the <br /> Capital Project Fund sufficient detailed accounting records to <br /> satisfy the requirements of the law. <br /> b. The Finance Director is directed to report, at the request of the <br /> Board, on the financial status of each project element in Section I <br /> and on the total revenues received or claimed. <br /> c. Copies of this capital project ordinance shall be furnished to the <br /> Clerk to the governing Board, and to the Finance Director for <br /> direction in carrying out this project. <br /> d. At the completion of a construction project, all unrestricted excess <br /> funds are transferred to the General Fund and the portion of the <br /> Capital Project associated with the project is closed. <br /> Adopted this the 19th Day of June, 2017. <br /> CABARRUS COUNTY BOARD OF COMMISSIONERS <br /> BY: /s/ Stephen M. Morris <br /> Stephen M. Morris, Chairman <br /> ATTEST: <br /> /s/ Megan Smit <br /> Clerk to the Board <br /> Date: 6/19/2017 Amount: $51,020.47 <br /> Dept. Head: Susan Fearrington (prepared by staff) Department: Community Development Block Grant <br /> ❑ Internal Transfer Within Department ❑ Transfer Between Departments/Funds H supplemental Request <br /> Purpose: This budget amendment is to update the HOME 2013 grant and budget revenues and expenditures <br /> for the HOME 2016 grant. There is a 25% County match required. The HOME 2016 grant will be used in <br /> conjunction with the HOME 2015 grant and two non-profit agencies to assist with a project that will <br /> provide affordable housing opportunities for low to moderate income seniors. This grant was approved <br /> by the Board of Commissioners on March 21, 2016. <br /> Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget <br /> 41063671-6432 HOME 2013 Revenues $97,886.00 $0.00 $70,344.55 $27,541.45 <br /> 41063671-6902 Contribution from GF $25,000.00 $0.00 $3,708.98 $21,291.02 <br /> 41093671-9383 HOME 2013 Sub Contract $117,345.00 $0.00 $69,131.68 $48,213.32 <br /> 41093671-9605 HOME 2013 Consultants $5,541.00 $0.00 $4,921.85 $619.15 <br /> 41063673-6432 HOME 2016 Revenues $0.00 $100,074.001 $0.001 $100,074.00 <br /> 41063673-6902 Contribution from GF $0.00 $25,000.00 $0.00 $25,000.00 <br /> 41093673-9383 Home 2016 Sub Contract $0.00 $119,392.00 $0.00 $119,392.00 <br /> 41093673-9605 HOME 2016 Consultants $0.00 $5,682.00 $0.00 $5,682.00 <br /> Ordinance No. 2017-35 <br /> CABARRUS COUNTY <br /> COMMUNITY DEVELOPMENT SPECIAL REVENUE <br /> PROJECT ORDINANCE <br />