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Budget Ordinance <br />1. The Budget Director may transfer amounts between objects of expenditure within a function. <br />2. The County Manager may transfer amounts between objects of expenditures and revenues without <br />limitation. <br />3. The County Manager may not transfer any amounts between funds or from any contingency <br />appropriation within any fund without action of the Board of Commissioners, except as specified <br />below for budget shortfalls and change orders. <br />4. The County Manager may transfer amounts between contingency funds which are set aside for a <br />specific project for budgetary shortfalls or upon the appropriate approval of a change order. <br />5. The County Manager is authorized to transfer funds from the General Fund or Capital Reserve Fund <br />to the appropriate fund for projects approved within the Capital Improvement Plan for the current <br />fiscal year. <br />6. Additional authority is granted to the Budget Director or designee to transfer amounts within and <br />between funds for the sole purpose of funding salary and benefits adjustments consistent with the <br />Cabarrus County Personnel Management Policy and the Cabarrus County Personnel Ordinance. <br />7. Upon notification of funding increases or decreases to existing grants or revenues, or the award of <br />grants or revenues, the Manager or Designee may adjust budgets to match, including grants that <br />require a County match for which funds are available. <br />S. The Manager, Budget Director, or designee may create debt financing amendments from estimated <br />projections upon approval by the Board of Commissioners of the debt financing and adjust as <br />needed upon closing. <br />9. The County Manager may enter into and execute change orders or amendments to construction <br />contracts in amounts less than $90,000 when the appropriate annual budget or capital project <br />ordinance contains sufficient appropriated but unencumbered funds. <br />10. The County Manager may execute contracts which are not required to be bid or which G.S. 143-131 <br />allows to be let on informal bids so long as the annual budget or appropriate capital project <br />ordinance contains sufficient appropriated but unencumbered funds for such purposes. <br />11. The County Manager may execute contracts with outside agencies to properly document budgeted <br />appropriations to such agencies where G.S. 153 A -248(b), 259, 449 and any similar statutes require <br />such contracts. <br />12. The County Manager may reject formal bids when deemed appropriate and in the best interest of <br />Cabarrus County pursuant to G.S. 143-129(a). <br />13. The County Manager may reduce revenue projections consistent with prevailing economic <br />conditions, and also reduce expenditures correspondingly. <br />14. The County Manager may assign fund balance for unpaid Economic Development Incentives until <br />contractual obligations are met. <br />G-1 Page 603 <br />