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August 21, 2017 (Regular Meeting) Page 3255 <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 /> 6. The Manager or designee may adjust debt financing from estimated <br /> projections to actual funds received. <br /> 7. 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 /> 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 <br /> informal bids so long as the annual budget or appropriate capital <br /> project ordinance contains sufficient appropriated but <br /> unencumbered funds 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 <br /> financial 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 <br /> I 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 <br /> excess funds are transferred to the General Fund and the portion <br /> of the Capital Project associated with the project is closed. <br /> Adopted this the 21St day of August 2017. <br /> CABARRUS COUNTY BOARD OF COMMISSIONERS <br /> BY: /s/ Stephen M. Morris <br /> Stephen M. Morris, Chairman <br /> ATTEST: <br /> /s/ Angela Poplin <br /> Interim Clerk to the Board <br /> ordinance No. 2017-48 <br /> CABARRUS COUNTY SCHOOL CONSTRUCTION PROJECT <br /> BUDGET ORDINANCE <br /> BE IT ORDAINED by the Board of Commissioners of Cabarrus County, North <br /> Carolina that, Pursuant to Section 13.2 of Chapter 159 of the General Statutes <br /> of North Carolina, the following capital project ordinance is hereby adopted: <br /> Section I. <br /> A. The project authorized is for the construction and renovations of <br /> Public Schools. Details of the projects are listed in section D. of <br />