HomeMy WebLinkAboutC.054.93011_0313 (2)Section 2. It is estimated that the following revenues will be available in the
General Fund for Fiscal Year beginning July 1, 2004 and ending June 30, 2005.
Taxes:
$ 4,280,982
Ad Valorem -Current
$56,533,470
Ad Valorem -Delinquent
1,591,200
Tax Penalties & Interest
421,270
Local Option 1 -Cent Sales Tax
11,673,350
1983 Local Option %2¢ Sales Tax
4,803,240
1986 Local Option %z¢ Sales Tax
4,733,350
2002 Local Option %z¢ Sales Tax
4,781,775
Interest on Investments
600,000
ABC 5¢ Bottle Tax
28,000
Cable TV Tax
410,500
Tax Collection Fees
386,100
Court Facility Fees
400,000
Register of Deeds Fees
2,691,110
Planning & Enforcement Fees
3,548,250
Health Department Revenues
3,078,009
Social Services Revenues
11,429,923
Other Financing Sources
1,308,895
Other Revenues
4,524,363
Appropriated Fund Balance
30,135
Total Revenue -General Fund
$112.972.940
Section 3. There is hereby levied a tax rate of $ .435 per One Hundred Dollars
Valuation of property listed for taxes as of January 1,
2004. Total property valuation
for ad valorem tax purposes for the 2004-2005
fiscal year is estimated to be
$13,495,550,000. The tax collection rate for fiscal year 2004-2005 is estimated to be
96.30%.
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 2004-2005 General Fund Revenues are hereby designated to support the County's
2004-2005 appropriation to Crossroads Behavioral Healthcare designated for alcoholic
rehabilitation programs.
Section 6. Capital Outlay funds are appropriated to the two school units as
follows:
Mooresville
Iredell-Statesville Graded School
Schools District Total
Restricted Sales Taxes
$ 3,498,847
$ 782,135
$ 4,280,982
7%z¢ Ad Valorem Tax
8,248,826
1,498,324
9,747,150
Interest on Financing
25,416
54,823
80,239
Totals
$11,773,089
$2 335 22
$14,108,371
Capital Outlay appropriated by the Board of Commissioners is to be expended
for the following categories as contained in G.S. I I5C-426(f):
(1) Acquisition of land
(2) Building acquisition and construction
(3) Acquisition or replacement of furnishings and equipment
(5) Acquisition of school buses
(6) Acquisition of activity buses