Orange County NC Website
i <br /> Per General Statute 115-429 (c) the Board of Education shall supply copy of its final budget (once adopted) including <br /> the Uniform State Budget Format, annual audit, monthly financial reports, copies of all budget amendments to Board <br /> of Commissioners as to the disbursement and use of local monies granted to the Board of Education by the Board of <br /> Commissioners. <br /> Operating funds encumbered by the County as of June 30, 1987 are hereby reappropriated to this budget. <br /> SECTION X. TRANSFER OF FUNDS BETWEEN OBJECT ACCOUNTS: The County Manager is authorized to transfer funds within <br /> an appropriation in accordance with provisions of the Local Government Budget and Fiscal Control Act, Section 159-15 <br /> provided that the following guidelines are satisfied. <br /> 1. The transfer involves receipt and appropriation of grant funds or contracts which have been approved by Board <br /> action involving acceptance of the grant or award of the contracts, or <br /> 2. The transfer is for the purpose of more appropriate accounting methods and does not invovle change in purpose for <br /> which the funds are to be spent. <br /> Any such transfers shall be reported tot he Board of Commissioners at its next regular meeting and shall be entered in <br /> the minutes. <br />