Agenda - 06-16-1986 - Laserfiche WebLink

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SECTION IX. BUDGET CONTROL: The Board of Commissioners, in approving this budget, has utilized to the fullest extent possible its revenue. sources. Over collections of revenue or unanticipated revenue sources cannot be expected to materialize during the year. It is, therefore, of utmost importance, and the County Manager is hereby directed, to initiate steps to insure that the budget as fixed herein is lived within. General Statutes of the State of North Carolina provide for budgetary control measures to -exist ! between a County and Public School System. The Board of Commissioners hereby directs the following measures for budget administration and review: Per General Statute 115-429 (c) the Board of Education shall supply copy of its final budget (once adopted) , annual audit, monthly financial reports, copies of all budget amendments to the Board of Commissioners as to the disbursement and use of local monies granted to the Board of Education'by the Board of Commissioners. Operating funds encumbered by the' County as of June 30, 1986 are hereby reappropriated to this budget. SECTION X. TRANSFER OF FUNDS BETWEEN OBJECT ACCOUNTS: The County Manager is authorized to transfer funds within an appropriation in accordance with provisions of the Local Government Budget and Fiscal Control Act, Section 159-15 provided that the following guidelines are satisfied. l. The transfer involves receipt and appropriation of grant funds or contracts which have been . approved by Board action involving acceptance of the grant or award of the contract@# or 2. The transfer is for the purpose of more appropriate accounting methods and does not involve *a change in purpose for which the funds are to be spent. Any such transfers shall be reported to the Board of Commissioners at 'its next regular meeting and shall 'be entered in minutes.