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October 15, 2018 (Regular Meeting) <br />unencumbered funds for such purposes. <br />Page 3723 <br />The County Manager may execute contracts with outside agencies <br />to properly document budgeted appropriations to such agencies <br />where G.S. 153 A -248(b), 259, 449 and any similar statutes <br />require such contracts. <br />10. The County Manager may reject formal bids when deemed appropriate <br />and in the best interest of Cabarrus County. pursuant to G.S. 143- <br />129(a). <br />11. The County Manager may reduce revenue projections consistent with <br />prevailing economic conditions, and also reduce expenditures <br />correspondingly. <br />Section III. <br />This ordinance and the budget documents shall be the basis of the financial <br />plan for the County of Cabarrus. <br />a. The Finance Director is hereby directed to maintain within the <br />Capital Project Fund sufficient detailed accounting records to <br />satisfy the requirements of the law. <br />b. The Finance Director is directed to report, at the request of the <br />Board, on the financial status of each project element in Section <br />I and on the total revenues received or claimed. <br />c. Copies of this capital project ordinance shall be furnished to <br />the Clerk to the governing Board, and to the Finance Director for <br />direction in carrying out this project. <br />d. At the completion of a construction project, all unrestricted <br />excess funds are transferred to the General Fund and the portion <br />of the Capital Project associated with the project is closed. <br />Adopted this 15th day of October, 2018. <br />CABARRUS COUNTY BOARD OF COMMISSIONERS <br />BY: /s/ Stephen M. Morris <br />Stephen M. Morris, Chairman <br />ATTEST: <br />/s/ Lauren Linker <br />Clerk to the Board <br />(F-5) Tax Administration - Refund and Release Reports - September 2018 <br />The Release Report contains taxpayers' names, bill numbers, valuations, <br />tax amounts, along with the justifications for releasing the valuation/tax <br />amounts for outstanding levies in accordance with N.C.G.S. 105-381. The Refund <br />Report is a summary sheet, which lists data from each refund request form, along <br />with the justification for the refunds to the taxpayers in accordance with <br />N.C.G.S. 105-381. <br />Note: Due to the transition of motor vehicles onto the new North Carolina <br />Vehicle Tax System (NCVTS), motor vehicle -related refunds and releases will <br />begin to be displayed on the new report generated by NCVTS. <br />UPON MOTION of Vice Chairman Honeycutt, seconded by Commissioner Kiger <br />and unanimously carried, the Board approved the September, 2018 Refund and <br />Release Reports as submitted, including the NCVTS Refund Report, and granted <br />authority to the Tax Collector to process the refunds and releases. The report <br />is hereby incorporated into the minutes by reference and is on file with the <br />Clerk to the Board. <br />(G) NEW BUSINESS <br />(G-1) DHS - FY20 Community Transportation Grant - Public Hearing 6:30 p.m. <br />Bob Bushey, Transportation Manager, reported the FY20 Community <br />Transportation Grant from the State of North Carolina provides funding for <br />administrative costs as well as Capital projects. He requested funding for FY20, <br />for $166,736 for administrative funding with a 15 percent local match of <br />$25,012; and $126,200 for Capital projects to replace two vehicles with a 10 <br />percent local match of $12,620. The total funding request is for $292,936 with <br />