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June 19, 2017 (Regular Meeting) Page 3195 BE IT ORDAINED by the Board of Commissioners of the County of County of Cabarrus, North Carolina that, pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following grant project ordinance is hereby adopted: Section 1. The projects authorized is for the Grant Projects for the purpose of receiving and disbursing funds as directed by Home Program Grant and the Department of Commerce. The projects are referenced in Section 3. Section 2. The officers of this unit are hereby directed to proceed within the terms of the Generally Accepted Accounting Principles (GAAP) , the grant terms, the rules and regulations of the Department of Commerce and the budget contained herein. Section 3. The following budgeted amounts are appropriated for the projects: CDBG: Sub-Contractor $34, 997 Home 2011: Sub-Contractor 173,881 Consultants 8, 115 Home 2012: Sub-Contractor 117, 841 Consultants 5,570 Home 2013: Sub-Contractor 48,213 Consultants 619 Home 2015: Sub-Contractor 115,392 Consultants 5,423 Home 2016: Sub-Contractor 119,392 Consultants 5, 682 Total $635, 125 Section 4. The following budgeted revenues are anticipated to be available to complete these projects. CDBG: Program Fees $34, 997 Home 2011: Home Consortium Revenues 125,706 Program Fees 26,290 Contribution from General 30, 000 Fund Home 2012: Home Consortium Revenues 98, 411 Contribution from General 25, 000 Fund Home 2013: Home Consortium Revenues 27,541 Contribution from General 21,291 Fund Home 2015: Home Consortium Revenues 95, 815 Contribution from General 25, 000 Fund Home 2016: Home Consortium Revenues 100,074 Contribution from General 25, 000 Fund Total $635, 125 Section 5. The Finance Officer is hereby directed to maintain within the Grant Project sufficient detailed accounting records to satisfy the terms of any debt financing resolutions and any grant agreements or federal and State regulations. Section 6. Funds may be advanced from the General Fund for the purpose or making payments as due. Reimbursement requests should be made to the grantor agencies in an orderly and timely manner.