BC 2010 05 27 Recessed Meeting - Laserfiche WebLink

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May 27, 2010 (Recessed Meeting) Extract from Budget C7rdinance Section fl. A_ Special appropriations to non- profit organizations shall be distributed after the execution of ain agreement which ensures that all County funds are used For statutorfiy permissthle public purposes- B. The County Managler andrar Finance Director. — is hereby authorized to transfer appropriations within or between funds, or modify revenue and expenditure projections as contained herein under the fol lowing conditions: 1. The — may transfer amounts between objects of expenditure within a function. 2. The County Manager may transfer amounts between objects ofi expenditures or revenues without limitation. eame-fmmik 4. The County Manager may not transfer any amounts between funds or from any contingency appropriation within any fund without action of the Board of Commissioners, except as specified below for budget shortfalls- and change orders—,the--Gapi" 5. The County 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. 6. The County Manager is authorized to transfer funds from the General Fund or Capital Reserve Fund to the appropriate fund for projects approved within the Capital Improvement Plan for the current fiscal year. 7. Additbnal authority is granted to the Finance Director — to transfer amounts within and between funds for the sole purpose of funding salary and benefits adjustments consistent with the Cabarrus County Pefsonnel Management Policy and the Cabanus County Personnel Ordinance. S. Upon notification of funding increases or decreases to existing grants or revenues, or the award of ants or revenues, the Manager or Finance Officer may ust budgets to match. 9. The Manager ox, Finance Director. — may adjust debt financing from estimated projections to actual funds received. 10. The County Manager may enter into and execute change orders or amendments to construction contracts in amounts less than $90.000 when the appropriate annual budget or capital project ordinance contains sufficient appropriated but unencumbered funds. 11. The County Manager may award and execute contracts which are not required to be bid or which G.S. 143 -131 allows to be let on informal bids so long as the annual budget or appropriate capital project ordinance contains sufficient appropriated but unencumbered finds for such purposes. 12. The County Manager may execute contracts with outside agencies to properly document budgeted appropriations to such agencies where G.S. 153 A- 246(b), 250. 449 and any similar statutes require such contracts. Page 1956 After a short discussion, the Board agreed to remove Item No. 2 and leave Item No. 3 intact. There were no objections noted to the remaining changes to the budget ordinance. Budget Amendment - Adequate Public Facilities - $1,250,484.36 UPON MOTION of Vice Chairman Poole, seconded by Commissioner Mynatt with Chairman White, Vice Chairman Poole and Commissioner Mynatt voting for and Commissioners Carruth and Privette absent, the Board adopted the following budget amendment: Date: 5/27/2010 Amount:$1,250,484.36 Dept. Head:Susan Fearrington Department:Adequate Public Facilities /COPS ❑ Internal Transfer Within Department ❑ Transfer Between Departments /Funds [q Supplemental Request Purpose: This budget amendment is being submitted to allocate Adequate Public Facilities funds to the four new schools being built in the 2009 Certificates of Participation (COPS) Fund. Previously, a total of $1,674,404.38 of Capital Reserve Funds were scheduled to be used for these projects. Now, $1,139,161.36 of Adequate Public Facility (APFO) funds will be used. This budget amendment also records the receipt of the APFO funds into the 2009 COPS Fund and an increase in the CnpS intprp.st. incnmp acorn mt_ Account Number Account Name Approved Budget Increase Amount Dec Amount Revised Budget 46267220 -6910 Cont to CPF $700,764.00 $700,764.00 46267220 -6518 Ad Fac Fee $5,683,194.00 $65,671.90 $5,748,865.90 46297220 -9821 Building /Renovations $372,725.46 $372,725.46 $0.00 46297220 -9708 Cont to Cap Proj $6,200,930.54 $1,139,161.36 $7,340,091.90 36560000 -6915 lCont from Spec Rev 1 $3,976,693.54 $1,139,161.36 $5,115,854.90