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June 21, 2010 (Regular Meeting) <br />Page 37 <br />Northeast <br />135,165,000 <br />.05 <br />65,609 <br />Odell <br />1,011,708,000 <br />.03 <br />294,650 <br />Richfield - Misenheimer <br />13,947,000 <br />.07 <br />9,478 <br />Rimer <br />201,094,000 <br />.06 <br />117,133 <br />Section V. <br />The County Manager and /or Finance Director, or designee is hereby <br />authorized to transfer appropriations within or between funds, or <br />modify revenue and expenditure projections as contained herein under <br />the following conditions: <br />1. The Budget Director may transfer amounts between objects of <br />expenditure within a function. <br />2. The County Manager may transfer amounts up to $100,000 between <br />functions of the same fund. <br />3. The County Manager may not transfer any amounts between funds <br />or from any contingency appropriation within any fund without <br />action of the' Board of Commissioners, except as specified below <br />for budgetary shortfalls and change orders. <br />4. The County Manager may transfer amounts between contingency <br />funds which are set aside for a specific project for budgetary <br />shortfalls or upon the appropriate approval of a change order. <br />5. The County Manager is authorized to transfer funds from the <br />General Fund or Capital Reserve Fund to the appropriate fund <br />for projects approved within the Capital Improvement Plan for <br />the current fiscal year. <br />6. Additional authority is granted to the Finance Director or <br />designee to transfer amounts within and between funds for the <br />sole purpose of funding salary and benefits adjustments <br />consistent with the Cabarrus County Personnel Management Policy <br />and the Cabarrus County Personnel Ordinance. <br />7. Upon notification of funding increases or decreases to existing <br />grants or revenues or the award of grants or revenues, the <br />Manager or Finance Officer may adjust budgets to match, <br />including grants that require a County match for which funds <br />are available. <br />8. The Manager, Finance Director, or designee may adjust debt <br />financing from estimated projections for actual funds received. <br />9. The County Manager may enter into and execute change orders or <br />amendments to construction contracts in amounts less than <br />$90,000 when the appropriate annual budget or capital project <br />ordinance contains sufficient appropriated but unencumbered <br />funds. <br />10. The County Manager may award and execute contracts which are <br />not required to be bid or which G.S. 143 -131 allows to be let <br />on informal bids so long as the annual budget or appropriate <br />capital project ordinance contains sufficient appropriated but <br />unencumbered funds for such purposes. <br />11. The County Manager may execute contracts with outside agencies <br />to properly document budgeted appropriations to such agencies <br />where G.S. 153 A- 248(b), 259, 449 and any similar statutes <br />require such contracts. <br />12. The County Manager may reject formal bids when deemed <br />appropriate and in the best interest of Cabarrus County <br />pursuant to G.S. 143- 129(a). <br />13. The County Manager may reduce revenue projections consistent <br />with prevailing economic conditions, and also reduce <br />expenditures correspondingly. <br />Section VI. <br />Copies of this Budget Ordinance shall be furnished to the Tax <br />Administrator and to each fire department for direction in the carry out <br />