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May 18, 2015 (Regular Meeting) <br />Page 2.394 <br />that 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 <br />the 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 18th day of May, 2015. <br />CA3ARRUS 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 />(G -3) BOC - Resolution Regarding Senate Bill 369 <br />Chairman Morris presented a request for a resolution regarding Senate <br />Bill 369. He advised the bill involves proposed changes by the State of <br />North Carolina to sales tax distribution. He then read the resolution aloud. <br />Commissioner Honeycutt MOVED to adopt the Resolution by the Cabarrus <br />County Board of Commissioners Regarding Senate Bill 369. Vice Chairman Poole <br />seconded the motion. <br />In regards to the reference to volunteer fire departments in the last <br />line of the resolution, Vice Chairman Poole clarified that Cabarrus County <br />distributes a portion of the sales tax revenue to volunteer fire departments <br />throughout the county. She advised, if Senate Bill 369 passes, those funds <br />will no longer go to local volunteer fire departments who rely on the funds <br />