HomeMy WebLinkAboutC.054.93008_1435sHH
Taxes:
Ad Valorem, Current 12,121,256
Ad Valorem, Delinquent 400,000
Tax Collection Fees 74,650
Tax Penalties and Interest 115,000
Interest on Investments 450,000
Intangible Tax 745,900
Beer and Wine Tax 236,150
Local 1 Cent Sales Tax 3,874,570
1983 Local 172 Cent Sales Tax 2,198,470
1986 Local 172 Cent Sales Tax 2,198,470
ABC - 5 Cents Bottle Tax 25,900
Facility Fees 108,200
Health Department Revenues 1,352,651
Social Services Revenues 2,300,550
Other Revenues 3,739,773
Fund Balance Appropriated
Total Revenue - General Fund -3};667-;609
t-r'�
Section 3. The following amounts are appropriated in the Revaluation Fund for the Fiscal Year
beginning July 1, 1988, and ending June 30, 1989:
Future Revaluation Contract -0-
Section 4. It is estimated the following revenues will be available for Revaluation Fund,
beginning July 1, 1988, and ending June 30, 1989:
Contributions from General Fund -0-
Section 5. There is hereby levied a tax rate of $ .46 per One Hundred Dollars Valuation of
property listed for taxes as of January 1, 1988. Total property valuation for ad valorem taxes for
the 1988-89 fiscal year is estimated to be $2,736,298,704. The tax collection rate for fiscal year
1988-89 is estimated to be 96.3%.
Section 6. Schedule B taxes shall be levied in accordance with the North Carolina Revenue Act.
Section 7. All ABC - 5 cents Bottle Tax revenues received from Code 347-01 of the 1988-89
General Fund Revenues are hereby designated to support the County's 1988-89 appropriation to Tri -
County Mental Health. All ABC - 5 cents Bottle Tax revenues are further designated for alcoholic
a
rehabilitation programs within the Tri -County Mental Health budget 1988-89.
Section 8. Capital Outlay funds are appropriated to the three school units within the county
as follows:
Iredell County Schools 1,633,251
Statesville City Schools 477,158
Mooresville Grade School District 346,684
Capital Outlay funds appropriated by the board of commissioners are to be expended for the
following categories as contained in G.S. 115-100.6(F):
(1) Acquisition of land
1
(2) Building acquisition and construction
(3) Acquisition or replacement of furnishes and equipment
(4) Acquisition of school buses
(5) Acquisition of activity buses
Section 9. All funds appropriated for school capital outlay in the 1988-89 budget are from 172
sales tax revenues.
Section 10. Copies of this Budget Ordinance shah be furnished to the county commissioners,
the finance officer, and the clerk to the board for the carrying out of their duties.
Section 11. The budget officer is hereby authorized to transfer appropriations within a fund
as contained herein under the following conditions:
(a) The budget officer may transfer amounts between object
of expenditures within a department except that no
transfer shall be made into or out of salaries without
approval by the board of county commissioners.
(b) The budget officer may transfer amounts up to $1,000
between departments of the same fund with an official
report on such transfer at the next regular meeting
of the board of commissioners.
'
Section 12. The board of county commissioners hereby authorizes the Iredell County Tax Coltec -
for to collect taxes for the City of Statesville, Town of Mooresville, and Mooresville Graded School