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September 18, 2017 (Regular Meeting) Page 3300 <br /> Lomax Incubator Farm Property: <br /> Infrastructure Improvements $27, 000 <br /> Local Agricultural Preservation Projects: <br /> Other Improvement Projects $1, 832,421 <br /> TOTAL EXPENDITURES $5, 542,284 <br /> GRAND TOTAL - REVENUES $5,542,284 <br /> GRAND TOTAL - EXPENDITURES $5, 542,284 <br /> Section II. <br /> A. Special appropriations to non-profit organizations shall be <br /> distributed after the execution of an agreement which ensures that all <br /> County funds are used for statutorily permissible public 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 County Manager may transfer amounts between objects of <br /> expenditures and revenues within a function without limitation. <br /> 2. The County Manager may transfer amounts up to $100, 000 between <br /> functions of the same fund. <br /> 3. The County Manager may transfer amounts between contingency funds <br /> which are set aside for a specific project for budgetary shortfalls <br /> or upon the appropriate approval of a change order. <br /> 4. The County Manager is authorized to transfer funds from the General <br /> Fund or Capital Reserve Fund to the appropriate fund for projects <br /> approved within the Capital Improvement Plan for the current fiscal <br /> year. <br /> 5. Upon notification of funding increases or decreases to existing <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 County 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 County construction contracts in amounts less than <br /> $90,000 when the appropriate annual budget or capital project <br /> ordinance 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 appropriation 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 Projects Fund sufficient detailed accounting records to <br />