BC 2009 09 21 Regular Meeting - Laserfiche WebLink

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September 21, 2009 (Regular Meeting) BE IT ORDAINED, by the Board of County Commissioners Cabarrus, North Carolina that, pursuant to Section 13.2(a) the General Statutes of North Carolina, the following grant is hereby adopted: Page 1565 of the County of of Chapter 159 of project ordinance Section 1. The authorized grant project is for the purpose of receiving and disbursing funds as directed by the Home Program Grant. The projects are referenced in Section 3. Section 2. The officers of this unit are hereby directed to proceed with this grant project ordinance following the terms contained within. Section 3. The following budgeted amounts are appropriated for the projects: HOME Program 173,649 Total $ 173,649 Section 9. The following revenues are anticipated to be available to complete these projects: HOME Program Grant 133,649 Contribution from General Fund 90,000 Total $ 173,699 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 element in Section 3 and on the total revenues received or claimed. Section 8. Copies of this grant 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 the projects. Section 9. At the completion of each individual project, all unrestricted excess funds are transferred to the Capital Reserve Fund and the Grant 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: 1. The Manager may transfer amounts between objects of expenditures and revenues within a function without limitation. a. The Manager may transfer amounts up to $100,000 between functions of the same ordinance. b. 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. c. Upon notification of funding increases or decreases to existing grants or revenues, or the award of grants or revenues, the Manager or Finance Director may adjust budgets to match. d. The Manager or Finance Director may adjust debt financing from estimated projections to actual funds received. e. The Manager may enter into and execute change orders or amendments to construction contracts in amounts less than $90,000 when the project ordinance contains sufficient appropriated but unencumbered funds. Adopted this 21st day of September 2009. CABARRUS COUNTY BOARD OE COMMISSIONERS BY: /s/ H. Jay White, Sr. H. Jay White, Sr., Chairman