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Section 6. It is estimated the following revenues will be available from the
General Revenue Sharing Fund for fiscal year beginning, July 1, 1984, and ending June
30, 1985:
Interest on Investments $ 40,000
Federal Government Grant 845,000
$ 885,000
Section 7. There is hereby levied a tax rate of $ .39 per One Hundred Dollars
($100) valuation of property listed for taxes as of January 1, 1984. Total property
valuation for ad valorem taxes for the 1984-85 fiscal year is estimated to be
$2,573,000,000. The tax collection rate for fiscal year 1984-85 is estimated to be
96.0%.
Section 8. Schedule B taxes shall be levied in accordance with North Carolina
Revenue Act.
Section 9. All ABC -5C Bottle Tax revenues received from Code 347-01 of the
1984-85 General Fund revenues are hereby designated to support the County's 1984-85
appropriation to Tri -County Mental Health. All ABC -5C Bottle Tax revenues are further
designated for alcoholic rehabilitation programs within the Tri -County Mental Health
budget for 1984-85.
Section 10. Capital outlay funds are appropriated to the three school units
within the county as follows:
Iredell County Schools $ 508,931
Statesville City Schools 179,370
Mooresville Graded School District 115,761
Capital Outlay funds appropriated by the board of commissioners are to be expended
for the following categories as contained in G. S. 115-100.6(F):
(1) Acquisition of land
(2) Building acquisition and construction
(3) Acquisition or replacement of furnishings and equipment
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(4) Acquisition of school buses
(5) Acquisition of activity buses
Section 11. All funds appropriated for school capital outlay in the 1984-85
budget are from 1/2 cent sales tax revenues with a breakdown of those revenues as
follows:
Fund Balance Reserved for School Capital Outlay $197,332
Current 1/2 cent sales tax revenues 606.730
TOTAL ILO4 062
Section 12. Copies of this Budget Ordinance shall be furnished to the county
commissioners, the finance officer, and the clerk to the board in the carrying out of
their duties.
Section 13. The budget officer is hereby authorized to transfer appropriations
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within a fund as contained herein under the following conditions: