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13 <br /> Section XI. Encumbrances <br /> Operating funds encumbered by the County as of June 30, 2011 are hereby <br /> reappropriated to this budget. <br /> Section XI1. Capital Projects &Grants Fund <br /> The County Capital Improvements Fund, Schools Capital Improvements Fund, <br /> Community Development Fund and the Grant Projects Fund are hereby authorized. <br /> Appropriations made for the specific projects or grants in these funds are hereby <br /> appropriated until the project or grant is complete. <br /> The County Capital Projects Fund FY 2011-12 budget, with anticipated fund revenues of <br /> $2,780,000 and- project expenditures of $2,780,000 (see Attachment 3), is hereby <br /> adopted in accordance with G.S. 159 by Orange County for the fiscal year beginning <br /> July 1, 2011, and ending June 30, 2012, and the same is adopted by project. <br /> The County Grant Projects Fund FY 2011-12 budget, with anticipated fund revenues of <br /> $537,349 and project expenditures of$537,349 (see Attachment 4), is hereby adopted in <br /> accordance with G.S. 159 by Orange County for the fiscal year beginning July 1, 2011, <br /> and ending June 30, 2012, and the same is adopted by project. <br /> Any capital project or grant budget previously adopted,. the balance of any anticipated, <br /> but not yet received, revenues and any unexpended appropriations- remaining on June <br /> 30, 2011, shall be reauthorized in the 2011-12 budget. <br /> Section X111. Contractual Obligations <br /> The County Manager is-hereby authorized to execute contractual documents under the <br /> following conditions: <br /> 1. The Manager may execute contracts for construction or repair projects that do <br /> not require formal competitive bid procedures, and which are within budgeted <br /> departmental appropriations, for which the amount to be expended does not <br /> exceed $250,000. <br /> 2. The Manager may execute contracts- for general and/or professional services <br /> which are within budgeted departmental appropriations,. for purchases of <br /> apparatus supplies and materials or equipment which are within the budgeted <br /> departmental appropriations, and for leases of personal property for a duration of <br /> one year or less and within budgeted departmental appropriations for which the <br /> amount to be expended does not exceed $89,999. <br /> 3. Contracts executed by the Manager shall be pre-audited by the Financial <br /> Services Director and reviewed by the County Attorney to ensure compliance in <br /> form and sufficiency with North Carolina law. <br /> 7 <br />