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June 20, 2011 (Regular Meeting) Page 488 herein and within the terms of the grant document(s), the rules and regulations of the NC Department of Commerce. Section 3. The following budgeted amounts are appropriated for the projects: Housing Rehabilitation $ 216,500 Administration $ 40,000 Planning $ 3,500 Urgent Repair $ 40,000 Relocation Assistance $ 100,000 Consultants $ 10,000 Total $ 410,000 Section 4. The following revenues are anticipated to be available to complete this project: CDBG Scattered Site Housing Rehab Grant $ 400,000 Program Income $ 10,000 Total $ 410,000 Section 5. 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. 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 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 -20 CABARRUS COUNTY CAPITAL RESERVE CAPITAL PROJECT ORDINANCE