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August 20, 2018 (Regular Meeting) Page 3672 CABARRUS COUNTY COMMUNITY DEVELOPMENT SPECIAL REVENUE PROJECT ORDINANCE BE IT ORDAINED by the Board of Commissioners of the County of County of Cabarrus, North Carolina that, pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following grant project ordinance is hereby adopted: Section 1. The projects authorized is for the Grant Projects for the purpose of receiving and disbursing funds as directed by Home Program Grant and the Department of Commerce. The projects are referenced in Section 3. Section 2. The officers of this unit are hereby directed to proceed within the terms of the Generally Accepted Accounting Principles (GAAP), the grant terms, the rules and regulations of the Department of Commerce and the budget contained herein. Section 3. The following budgeted amounts are appropriated for the projects: CDBG: Sub -Contractor $ 34,997 Home 2012: Sub -Contractor 117,841 Consultants 5,570 Home 2015: Sub -Contractor 159,887 Consultants 5,423 Home 2016: Sub -Contractor 119,392 Consultants 5,682 Total $ 448,792 Section 4. The following budgeted revenues are anticipated to be available to complete these projects. CDBG Program Fees $ 34,997 Home 2012: Home Consortium Revenues 98,411 Contribution from General Fund 25,000 Home 2015: Home Consortium Revenues 95,815 Program Fees 44,495 Contribution from General Fund 25,000 Home 2016: Home Consortium Revenues 100,074 Contribution from General Fund 25,000 Total $ 448,792 Section 5. The Finance Officer is hereby directed to maintain within the Grant Project 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 thepurpose or making payments as due. Reimbursement requests should be made to the granter 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 General 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: