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CABARRUS COUNTY <br />COMMUNITY DEVELOPMENT SPECIAL REVENUE <br />PROJECT ORDINANCE <br />BE IT ORDAINED by the Board of Commissioners of the County of County of <br />Cabarrus, North Carolina that, pursuant to Section 13.2 of Chapter 159 of the General <br />Statutes of North Carolina, the following grant project ordinance is hereby adopted: <br />Section 1. The projects authorized is for the Grant Projects for the purpose of <br />receiving and disbursing funds as directed by Home Program Grant and the Department <br />of Commerce. The projects are referenced in Section 3. <br />Section 2. The officers of this unit are hereby directed to proceed within the terms <br />of the Generally Accepted Accounting Principles (GAAP), the grant terms, the rules and <br />regulations of the Department of Commerce and the budget contained herein. <br />Section 3. The following budgeted amounts are appropriated for the projects: <br />CDBG: <br />Sub -Contractor <br />$ 34,997 <br />Home 2012: <br />Sub -Contractor <br />117,841 <br />Consultants <br />5,570 <br />Home 2015: <br />Sub -Contractor <br />122,592 <br />Consultants <br />5,423 <br />Home 2016: <br />Sub -Contractor <br />119,392 <br />Consultants <br />5 682 <br />Total <br />411.497 <br />Section 4. The following budgeted revenues are <br />anticipated to be available to <br />complete these projects. <br />CDBG: <br />Program Fees <br />$ 34,997 <br />Home 2012: <br />Home Consortium Revenues <br />98,411 <br />Contribution from General Fund <br />25,000 <br />Home 2015: <br />Home Consortium Revenues <br />95,815 <br />Program Fees <br />7,200 <br />Contribution from General Fund <br />25,000 <br />Home 2016: <br />Home Consortium Revenues <br />100,074 <br />Contribution from General Fund <br />25 000 <br />Total S 411.497 <br />Section 5. The Finance Officer is hereby directed to maintain within the Grant <br />Project sufficient detailed accounting records to satisfy the terms of any debt financing <br />resolutions and any grant agreements or federal and State regulations. <br />Section 6. Funds may be advanced from the General Fund for the purpose or <br />making payments as due. Reimbursement requests should be made to the grantor <br />agencies in an orderly and timely manner. <br />Section 7. The Finance Officer is directed to report, at the request of the Board, <br />on the financial status of each project element in Section 3 and on the total revenue5lachmenlnurn er6ln <br />F-8 Page 375 <br />