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August 21, 2017 (Regular Meeting) Page 3260 <br /> A. Special appropriations to non-profit organizations shall be <br /> distributed after the execution of an agreement which ensures <br /> that all County funds are used for statutorily permissible public <br /> purposes. <br /> B. The County Manager or designee is hereby authorized to transfer <br /> appropriations within or between funds, or modify revenue and <br /> expenditure projections as contained herein under the following <br /> conditions: <br /> 1. The Manager may transfer amounts between objects of expenditure <br /> and revenues within a function without limitation. <br /> 2. The County Manager may transfer amounts up to $500,000 between <br /> functions of the same fund. <br /> 3. The County Manager may transfer amounts between contingency <br /> funds which are set aside for a specific project for budgetary <br /> shortfalls or upon the appropriate approval of a change order <br /> 4. The County Manager is authorized to transfer funds from the <br /> General Fund or Capital Reserve Fund to the appropriate fund <br /> for projects approved within the Capital Improvement Plan for <br /> the current fiscal year. <br /> 5. Upon notification of funding increases or decreases to existing <br /> grants or . revenues, or the award of grants or revenues, the <br /> Manager or designee may adjust budgets to match, including <br /> grants that require a County match for which funds are <br /> available. <br /> 6. The Manager or designee may adjust debt financing from <br /> estimated 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 <br /> $96, 000 when the appropriate annual budget or capital project <br /> ordinance contains sufficient appropriated but unencumbered <br /> funds. <br /> 8. The County Manager may award and execute contracts which are <br /> not required to be bid or which G.S. 143-131 allows to be let <br /> on informal bids so long as the annual budget or appropriate <br /> capital project ordinance contains sufficient appropriated but <br /> unencumbered funds for such purposes. <br /> 9. The County Manager may execute contracts with outside agencies <br /> to properly document budgeted appropriations to such agencies <br /> where G.S. 153 A-248 (b) , 259, 449 and any similar statutes <br /> require such contracts. <br /> 10. The County Manager may reject formal bids when deemed <br /> appropriate and in the best interest of Cabarrus County <br /> pursuant to G.S. 143-129.(a) . <br /> 11. The County Manager may reduce revenue projections consistent <br /> with prevailing economic conditions, and also reduce <br /> expenditures correspondingly. <br /> 12. The Manager, Finance Director, or designee may create debt <br /> financing amendments from estimated projections upon approval <br /> by the Board of Commissioners of the debt financing and adjust <br /> as needed upon closing. <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 <br /> the Board, on the financial status of each project element in <br />