HomeMy WebLinkAboutC.054.93009_1550 (2)Section 2. It is estimated that the following revenues will
be available in the General Fund for Fiscal Year beginning July 1,
1997 and ending June 30, 1998:
Taxes:
Ad Valorem Current
28,439,100
Ad Valorem
1,100,000
Inventory Tax Reimbursements
1,583,740
Tax Collection Fees
163,600
Tax Penalties and Interest
290,000
Interest on Investments
800,000
Intangible Tax Reimbursement
1,140,000
Beer & wine Tax
282,900
Local 1 Cent Sales Tax
7,483,600
1983 Local 1/2 Cent Sales Tax
3,726,960
1986 Local 1/2 Cent Sales Tax
3,726,960
ABC - 5 -Cent Bottle Tax
21,600
Facility Fees
132,600
Health Department Revenues
2,005,558
Social Services Revenues
6,573,324
Other Revenues
6,188,692
Fund Balance Appropriated
1,822,011
TOTAL REVENUE - GENERAL FUND
65,480.645
Section 3. There is hereby levied a tax rate of $ .45 per One
Hundred Dollars Valuation of property listed for taxes as of
January 1, 1997. Total property valuation for ad valorem taxes for
1997-98 Fiscal Year is estimated to be $6,562,595,763. The tax
collection rate fox• Fiscal Year 1997-98 is estimated to be 96.3%.
Section 4. Schedule B taxes shall be levied in accordance
with the North Carolina Revenue Act.
Section 5. All ABC - 5 cents Bottle Tax Revenues received
from Code 347-01 of the 1997-98 General Fund Revenues are hereby
designated to support the County's 1997-98 appropriation designated
for alcoholic rehabilitation programs.
Section 6. Capital Outlay funds are appropriated to the two
school units as follows:
Iredell- Mooresville
Statesville Graded School
Schools District Total
Restricted Sale Taxes
2,731,377
622,887
3,354,264
.03 Ad Valorem Taxes
1,616,668
279,272
1,895,940
Additional County Fds
698,703
158,207
856,910
Public School Building
Capital Fund
657,167
149,866
807,033
TOTAL
F-70
1.210.232
6.914.147
Capital Outlay 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
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.JUN 0 31997 '719