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June 15, 2015 (Regular Meeting) Page 2455 10. The County Manager may reject formal bids when deemed appropriate and in the best interest of Cabarrus County pursuant to G.S. 143 - 129(a). 11. The County Manager may reduce revenue projections consistent with prevailing economic conditions, and also .reduce expenditures correspondingly. Section III. This ordinance and the budget documents shall be the basis of the financial plan for the County of Cabarrus. a. The Finance Director is hereby directed to maintain within the Capital Project Fund sufficient detailed accounting records to satisfy the requirements of the law. b. The Finance Director is directed to report, at the request of the Board, on the financial status of each project element in Section I and on the total revenues received or claimed. c. Copies of this capital project ordinance shall be furnished to the Clerk to the governing Board, and to the Finance Director for direction in carrying out this project. d. At the completion of a construction project, all unrestricted excess funds are transferred to the General Fund and the portion of the Capital Project associated with the project is closed. Adopted this the 15th day of June, 2015. CABARRUS COUNTY BOARD OF COMMISSIONERS BY: /s/ Ste hen M. Morris Stephen M. Morris, Chairman ATTEST: /s/ Megan Smit Clerk to the Board (F- B) Human Services - Transportation - FY 2014 5307 Con UZA (Urbanized Area) Allocation Split The FY 2014 Federal Transit Administration (FTA) apportionment tables through the Federal 5307 funding listed $1,792,895.00 for the Concord, North Carolina Urbanized Area (UZA) . Cabarrus County and the City of Concord have agreed to a split of these funds. The Department is seeking approval to apply and receive these funds to assist with operating expenses for the Department. UPON MOTION of Commissioner Mynatt, seconded by Commissioner Honeycutt and unanimously carried, the Board adopted the following resolution. Resolution No. 2015 -14 RESOLUTION AUTHORIZING THE ACCEPTANCE OF FY14 FUNDING FROM THE FEDERAL TRANSIT ADMINISTRATION WHEREAS, the TY 2014 FTA Apportionment Tables, driven by the Moving Ahead for Progress in the 21st Century (MAP -21) federal funding program, listed $1,792,895.00 as the total available federal funding under section 5307 & 5340 Urbanized Area Apportionments for the Concord, North Carolina Urbanized Area (UZA). WHEREAS, there are two public transit entities eligible for these funds- The city of Concord (the Designated Recipient for the Concord UZA), operating Concord Kannapolis Area Transit (Rider), and Cabarrus County, operating Cabarrus County Transportation Services (CCTS). WHEREAS, there is a 20% match requirement from the County that is already budgeted. WHEREAS, Staff from each system has met, discussed their needs, and agreed to the following allocation split for the Concord UZA's FY 2014 FTA 5307/5340 funds: