HomeMy WebLinkAboutC.054.93009_1300 (2)Section 3. ThijeCapitacompleect Fund shall continue until the
ct
pro
und shall be
Section 4 authorized rby the om sCounty aManager cF
Payments or his designee.
This Ordinance being duly adopted this the /t�day of June,
1996. _
Iredell County, Horth Carolina
special Revenue Bund
Health services Reserve Bund
Be it Ordained by the Board of County Commissioners of Iredell
County, North Carolina:
Section 1• This
syof
Special
alredellue Fund for Health
Services forthe Count
Section 2. This Special Revenue Fund is being established to
reerve ofsIredell dCounty iHome ct hHealth stoeIredell ceived from the sale
Memorial
Hospital, Inc.
Section 3. B81enproceedsthe
plusfund
interestconsist
of the
earned thereon.
Section 4. Expenditures from this fund are limited to annual
operating transfers to the General Fund in an amount
eual to uirements for the
ineannual e
stallmentfinancingc contract for tbt service hen health services
facility.
service
section 5. requirementsfirst awill rbeut of he fund for t
in the1997-98fiscalyear.
nues will be
Section 6• availableis ifor ethe hSpecial at the fRevenue gFund efrom inception
to depletion of the reserve.
Proceeds from sale of Iredell Home Health $1,193,000
700
Interest on investments TOTAL S1.543,700
Section 7• Itis estimated
that the amount reserved for debt
service i
Reserved for debt service on the health $1,543.7
facility
This Ordinance being adopted the 18th day of June, 1996.
ADOPTION OF RESOLUTION IH REFERENCE TO ALTERNATIVE SCHOOLS:
MOTION by Commissioner Stewart to approve the following
resolution in connection with the 96-97 budget.
VOTING: Ayes - 5; Nays - 0.
WHEREAS, the Iredell County Board of Commissioners adopted an
Iredell County Budget for FY 1996-97 on June 18, 1996; and
12
JUN 181996 4%FV