BC 2012 05 21 Regular Meeting - Laserfiche WebLink

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May 21, 2012 (Regular Meeting) Page 1066 Section S. The Finance Officer is hereby directed to maintain within the Special Revenue Fund sufficient detailed accounting records. Section 6. Funds may be advanced from the General Fund for the purpose of making payments as due. Reimbursement to the General Fund should be made in an orderly and timely manner. Section 7. The Finance Officer is directed to report, at the request of the Board, on the financial status of each project element in Section 3 and on the total revenues received or claimed. Section 8. Copies of this special revenue project ordinance shall be furnished to the Clerk to the Governing Board, and to the Budget Officer and the Finance Officer for direction in carrying out this project. Section 9. At the completion of the project, all unrestricted excess funds are transferred to the General Fund and the Special Revenue Project Ordinance is closed. Section 10. The County Manager is hereby authorized to transfer revenues and appropriation within an ordinance as contained herein under the following conditions: a. The Manager may transfer amounts between objects of expenditures and revenues within a function without limitation. b. The Manager may transfer amounts up to $100,000 between functions of the same ordinance. c. The Manager may transfer amounts between contingency funds which are set aside for a specific project for budgetary shortfalls or upon the appropriate approval of a change order. d. Upon notification of funding increases or decreases to existing grants or revenues or the award of grants or revenues, the Manager or Finance Officer may adjust budgets to match, including grants that require a County match for which funds are available. e. The Manager may enter into and execute change orders or amendments to County construction contracts in amounts up to $90,000 when the project ordinance contains sufficient appropriated but unencumbered funds. Adopted this 21st day of May, 2012. CABARRUS COUNTY BOARD OF COMMISSIONERS BY: /s/ Elizabeth F. Poole Elizabeth F. Poole, Chairman ATTEST: /s/ Kay Honeycutt Clerk to the Board (F -7) Finance - Cabarrus County Schools Public School Capital Building Fund Application - $ 42,345.37 An application will be submitted to the North Carolina Department of Public Instruction on behalf of Cabarrus County Schools. The $42,345.37 will be used to purchase technology equipment. This amount represents the total unallocated Cabarrus County Schools ADM funds as of March 31, 2012. The application was placed on the Cabarrus County School Board's May 7, 2012 meeting agenda for review and on their May 14, 2012 meeting agenda for approval. UPON MOTION of Vice Chairman Burrage, seconded by Commissioner Measmer and unanimously carried, the Board approved the Cabarrus County Schools ADM application and authorized the Cabarrus County Board of Commissioners' Chair to execute the application. (F -8) Finance - Kannapolis City Schools Public School Capital Building Fund Application - $ 26,384.00 An application will be submitted to the North Carolina Department of Public Instruction on behalf of Kannapolis City Schools. The $26,384.00 will be used to upgrade technology at A. L. Brown High School. This amount represents the total unallocated Kannapolis City Schools ADM funds as of