HomeMy WebLinkAboutC.054.93009_1895 (2)Taxes:
Ad Valorem Current
31,954,725
Ad Valorem
1,100,000
Inventory Tax Reimbursements
1,576,755
Tax Collection Fees
225,000
Tax Penalties and Interest
290,000
Interest on Investments
900,000
Intangible Tax Reimbursement
1,140,000
Beer & Wine Tax
295,000
Local 1 Cent Sales Tax
7,864,500
1983 Local 1/2 Cent Sales Tax
4,030,475
1986 Local 1/2 Cent Sales Tax
3,994,525
ABC - 5 -Cent Bottle Tax
25,000
Facility Fees
161,200
Health Department Revenues
2,096,501
Social Services Revenues
7,217,514
Other Revenues
7,244,451
Fund Balance Appropriated
2,119,567
TOTAL REVENUE - GENERAL FUND $ 72 2.5 213
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, 1998. Total property valuation for ad valorem taxes for
1998-99 Fiscal Year is estimated to be $7,351,013,610. The tax collection rate for Fiscal Year
1998-99 is estimated to be 96.6%.
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 1998-
99 General Fund Revenues are hereby designated to support the County's 1998-99 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
School s District Total
Restricted Sale Taxes 2,932,283 673,574 3,605,857
.03 Ad Valorem Taxes 1,825,041 305,274 2,130,315
Advance of County Funds 326,000 - 326,000
Public School Building
Capital Fund 691,970 158,955 850,925
Interest on COPs Debt
Service Reserve Fund 118,480 - 118,480
TOTALS 5,893.774 11 7 03 7.031,577
Capital Outlay appropriated by the Board of Commissioners is to be expended for the
following categories as contained in G.S. 115C -426(f):
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