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June 20, 2011 (Regular Meeting) Page 485 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 projects for budgetary shortfalls or upon the appropriate approval of the change order. d. The Manager may enter into and execute change orders or amendments to County construction contracts in amounts less than $90,000 when the project ordinance contains sufficient appropriated but unencumbered funds. e. The Manager or Finance Director may adjust debt financing from estimated projections to actual funds received. Adopted this 20th day of June, 2011. CABARRUS COUNTY BOARD OF COMMISSIONERS BY: /s/ H. Jay White, Sr. H. Jay White, Sr., Chairman ATTEST: /s/ Kay Honeycutt Clerk to the Board Ordinance No. 2011 -17 CABARRUS COUNTY CDBG HOME 2009 GRANT SPECIAL REVENUE PROJECT ORDINANCE BE IT ORDAINED, by the Board of County Commissioners of the County of Cabarrus, North Carolina that, pursuant to Section 13.2(a)of Chapter 159 of the General Statutes of North Carolina, the following grant project ordinance is hereby adopted: Section 1. The projects authorized is for the Grant Projects for the purpose of receiving and disbursing funds as directed Home Program Grant. The project is referenced in Section 3. Section 2. The officers of this unit are hereby directed to proceed within the terms of the Generally Accepted Accounting Principles (GAAP), the grant terms and the budget contained herein. Section 3. The following budgeted amounts are appropriated for the projects: HOME Program Total 173, 649 $ 173, 649 Section 4. The following revenues are anticipated to be available to complete these projects: HOME Program Grant 133,649 Contribution from General Fund 40,000 Total $ 173,649 Section 5. The Finance Officer is hereby directed to maintain within the Grant Project Fund sufficient detailed accounting records to satisfy the terms of any debt financing resolutions and any grant agreements or federal and state regulations. Section 6. Funds may be advanced from the General Fund for the purpose of making payments as due. Reimbursement requests should be made to the grantor agencies 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