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November 21, 2011 (Regular Meeting) Page 8 72 ADFP Grant $ 675,000 Deferred Farm Tax Collections $ 55,000 Deferred Farm Tax Interest on Investments $ 6,500 Donations $ 172,529 Contribution from Capital Reserve $ 400,000 Contribution from General Fund $ 348,407 Section 6. The Finance Officer is hereby directed to maintain within the Capital Projects Fund sufficient detailed accounting records. Section 7. 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 8. The Finance Officer is directed to report, at the request of the Board, on the financial status of each project element in Section 4 and on the total revenues received or claimed. Section 9. Copies of this capital 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 10. At the completion of the project, all unrestricted excess funds are transferred to the General Fund and the Capital Project Ordinance is closed. Section 11. 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 November, 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 (G -3) Commerce /SWCD - Authorization for Cabarrus Soil and Water Conservation District to Approve Grant Contract with North Carolina Department of Agriculture - $175,000.00 Jonathan Marshall, Commerce Director, presented the following information related to a request for authorization for the Cabarrus Soil and Water Conservation District (SWCD) to approve a grant contract with the North Carolina Department of Agriculture for $175,000.00: the purpose of this grant is to purchase a permanent conservation easement on approximately 54 acres of the Porter Farm; a match from the SWCD is required and is included in their budget; the Porter family is also providing a substantial amount of matching funds; the SWCD and the Porters are also applying for a $350,000.00 Federal grant to create a conservation easement to protect another 117 acres from development; the Porters will use proceeds to purchase additional land