HomeMy WebLinkAboutC.054.93008_17541307
Special Appropriations 1,022,277
Contributions to Other Funds 500,000
Schools 13,898,098
Garage 132,351
Debt Service 730,432
Water/Sewer Projects 659,550
Recreation 383,528
Iredell Youth Home 89,740
TOTAL EXPENDITURES - GENERAL FUND 39,212,334
Section 2. It is estimated that the following revenues will be available in the General Fund
for Fiscal Year beginning July 1, 1990, and ending June 30, 1991:
Taxes:
Ad Valorem, Current 16,951,080
Ad Valorem, Delinquent 460,000
Inventory Tax Reimbursements 1,503,603
Tax Collection Fees 95,000
Tax Penalties and Interest 125,000
Interest on Investments 450,000
Intangible Tax 1,020,735
Beer and Wine Tax 242,200
Local 1 Cent Sales Tax 4,465,696
1983 Local 1/2 Cent Sales Tax 2,439,248
1986 Local 1/2 Cent Sales Tax 2,430,569
ABC - 5 Cents Bottle Tax 24,500
Facility Fees 114,685
Financing Proceeds 485,000
Health Department Revenues 1,718,621
Social Services Revenues 2,857,241
Other Revenues 3,423,787
Fund Balance Appropriated 405,369
TOTAL REVENUE - GENERAL FUND 39,212,334
Section 3. The following amounts are appropriated in the Revaluation Fund for the fiscal year
beginning July 1, 1990, and ending June 30, 1991:
Future Revaluation Contract -0-
Revaluation Funding is a General Fund Department, effective July 1, 1990.
Section 4. It is estimated that the following revenues will be available for the Revaluation
Fund, beginning July 1, 1990, and ending June 30, 1991:
Contributions from General Fund -0-
Revaluation Funding is a General Fund Department, effective July 1, 1990.
Section 5. There is hereby levied a tax rate of $ .59 per One Hundred Dollars valuation of
property listed for taxes as of January 1, 1990. Total property valuation for ad valorem taxes for
1990-91 Fiscal year is estimated to be $3,008,444,175 The tax collection rate for fiscal
year 1990-91 is estimated to be 95.5 %.
Section 6. Schedule B taxes shall be levied in accordance with North Carolina Revenue Act.
Section 7. All ABC - 5 cents Bottle Tax Revenues received from Code 347-01 of the 1990-91
General Fund Revenues are hereby designated to support the County's 1990-91 appropriation to Tri -
County Mental Health. All ABC - 5 cents Bottle Tax Revenues are further designated for alcoholic
rehabilitation programs within the Tri -County Mental Health budget 1990-91.
Section 8. Capital Outlay funds are appropriated to the three school units within the county as
follows:
COUNTY APPROPRIATIONS
Iredell County Schools 1,878,891
Statesville City Schools 537,107
Mooresville Graded Schools 591,438
Capital Outlay Funds appropriated by the Board of Commissioners are to be expended for the
following categories as contained in G.S. 115C -426(f):
(1) Acquisition of land
(2) Building acquisition and construction
(3) Acquisition or replacement of furnishings and equipment
(4) Acquisition of school buses
(5) Acquisition of activity buses