BC 2017 12 18 Regular Meeting - Laserfiche WebLink

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December 18, 2017 (Regular Meeting) Page 3396 contains sufficient appropriated but unencumbered funds. 8. 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 funds for such purposes. 9. The County Manager may execute contracts with outside agencies to properly document budgeted appropriations to such agencies where G.S. 153 A -248(b), 259, 449 and any similar statutes require such contracts. 10. The County Manager may reject formal bids when deemed appropriate and in the best interest of Cabarrus County pursuant to G.S. 143- 129(a). 11. The County Manager may reduce revenue projections consistent with prevailing economic conditions, and also reduce expenditures correspondingly. Section III. This ordinance and the budget documents shall be the basis of the financial plan for the County of Cabarrus. a. The Finance Director is hereby directed to maintain within the Capital Project Fund sufficient detailed accounting records to satisfy the requirements of the law. b. The Finance Director is directed to report, at the request of the Board, on the financial status of each project element in Section I and on the total revenues received or claimed. c. Copies of this capital project ordinance shall be furnished to the Clerk to the governing Board, and to the Finance Director for direction in carrying out this project. d. At the completion of a construction project, all unrestricted excess funds are transferred to the General Fund and the portion of the Capital Project associated with the project is closed. Adopted this 18th day of December 2017. CABARRUS COUNTY BOARD OF COMMISSIONERS BY: /s/ Stephen M. Morris Stephen M. Morris, Chairman ATTEST: /s/ Terri Lea Hugie Clerk to the Board (F-8) Kannapolis City Schools - Kannapolis City Schools Request Funds to Match Federal Grant Kannapolis City Schools has been awarded a federal grant for McKnight Child Development Center. The grant is for $255,000 and requires a matching amount of $85,000. The grant will be used to upgrade the HVAC system, and provide much needed restroom facilities. The Schools are requesting the match funds in the amount of $85,000 from the County. This project has been on the deferred maintenance list of projects for the schools. Funding for the $85,000 is proposed to come from the Board of Commissioners Contingency Fund. UPON MOTION by Commissioner Shue, seconded by Commissioner Kiger and unanimously carried, the Board adopted the budget amendment. Date: Amount C Internal Transfer Within Department 0 Transfer Between Departments/Funs t4]Supplemental Request Purpose: To allocate funds in the am unt of $85,000 to match a federal giant to make improvements to Mc [(night Child Development Center. The amount of the federal grant is $255,000.