HomeMy WebLinkAboutC.054.93009_1299 (2)Iredell County, North Carolina 468
SPECIAL REVENUE FUND
Parke Reserve Fund
Be it Ordained by the Board of County Commissioners of Iredell
County, North Carolina:
Section 1. This amends the Special Revenue Fund for Recreation
Parks for the County of Iredell.
Section 2. This Special Revenue Fund is established to accumulate
funds for the development of land, construction of
parks, and purchase of equipment.
Section 3. Funds will be provided by operating transfers from the
General Fund, contributions, and interest on
investments. The operating transfers are subject to
annual appropriation by the Iredell County Board of
Commissioners.
Section 4. All projects funded from this Special Revenue Fund are
subject to approval by the Board of Commissioners and
will be accounted for in a Capital Project Fund.
Section 5. The Special Revenue Fund originally established for the
five-year period beginning with the 1991-92 budget
year, is amended to extend for an additional three
years beginning with the 1996-97 budget year with
annual General Fund appropriations of $25,000.
Section 6. It is estimated that the following revenues will be
available for the Special Revenue Fund for the period
July 1, 1996 through June 30, 1997:
Fund Balance, July 1, 1995 $229,946
Unspent operating expenses 94/95 40,618
95/96 appropriation 35,500
Interest on investments 11,800
Est. unspent operating expenses 95/96 36,273
96/97 appropriation 25,000
S379,137
Section 7. It is estimated that the amount reserved for the
development of land, construction of parks, and
purchase of equipment will be as follows:
Available for appropriation $379,137
This Amended Ordinance being adopted this the /Y CA day of
June, 1996.
Iredell County, North Carolina
Amended South Iredell Park Fund
Capital Project Fund
Be it Ordained by the Board of County Commissioners of Iredell
County, North Carolina:
Section 1. The following project will be financed by this fund:
South Iredell Park Fund $79,100
Section 2. Funds for this Capital Project Fund will be provided
from the following sources:
Transfer from Special Revenue Fund
Parks Projects $73,307
Interest on investments 5,793
$79,100
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