HomeMy WebLinkAboutC.054.93010_0796Debt Service 588,820
Other Financing Uses 608,280
Total Expenditures -General Fund 599.506.725
Section 2. It is estimated the following revenues will be available in the General Fund for
Fiscal Year beginning July 1, 2002 and ending June 30, 2001
Taxes:
Ad Valorem -Current
$49,768,515
Ad Valorem -Delinquent
1,500,000
Tax Penalties & Interest
406,000
Local Option 1 -Cent Sales Tax
10,895,880
1983 Local Option '/2¢ Sales Tax
4,668,605
1986 Local Option '/20 Sales Tax
4,629,590
Interest on Investments
800,000
ABC 5¢ Bottle Tax
25,000
Tax Collection Fees
314,100
Court Facility Fees
251,300
Health Department Revenues
2,831,485
Social Services Revenues
10,332,355
Public School Building Capital Fund
928,020
Interfund Loan — from Solid Waste
2,351,215
Other Financing Sources
970,830
Other Revenues
8,833,830
Total Revenue -General Fund
5 99.506.725
Section 3. There is hereby levied a tax rate of $ .47 per One Hundred Dollars Valuation of
property listed for taxes as of January 1, 2002. Total property valuation for ad valorem taxes for the
2002-2003 fiscal year is estimated to be $11,021,071,442. The tax collection rate for fiscal year 2002-
2003 is estimated to be 96.08%.
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 2002-
2003 General Fund Revenues are hereby designated to support the County's 2002-2003 appropriation
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 $ 3,414,954 $ 763,382 $ 4,178,336
71/:¢ Ad Valorem Tax 6,740,195 1,201,592 7,941,787
Public School Capital Fund 773,035 154,980 928,015
Totals $ $2.119.954 WAILM
Capital Outlay appropriated by the Board of Commissioners is 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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