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the money in these funds could be used for the purchase of land.
AMENDED
SPECIAL REVENUE FUND
Parks Project
Iredell County, North Carolina
Be it Ordained by the Board of County Commissioners of Iredell
County, North Carolina:
Section 1. This amends the Special Revenue Fund for Recreation
Parks for the County of Iredell.
Section 2. This Special Revenue Fund is established to accumulate
funds for the development of land, construction of
parks, and purchase of equipment.
Section 3. Funds will be provided by operating transfers from the
General Fund, contributions, interest on investments,
and all unspent funds from the Recreation Department's
annual budget. The operating transfers are subject to
annual appropriation by the Iredell County Board of
Commissioners.
Section 4. All projects funded from this Special Revenue Fund are
subject to approval by the Board of Commissioners and
will be accounted for in a Capital Project Fund.
Section 5. The Special Revenue Fund is established for the five-
year period beginning with the 1991-92 budget year.
Section 6. It is estimated that the following revenues will be
available for the Special Revenue Fund for the period
July 1, 1995 through June 30, 1996:
Fund Balance, July 1, 1994 $220,711
Unspent operating expenses 93/94 33,769
94/95 appropriation 35,500
Appropriation to S. Iredell Parks Fund (73,307)
95/96 appropriation 35,500
Total Revenues 252,173
Section 7. It is estimated that the amount reserved for the
purchase of land, construction of parks, and purchase
of equipment will be as follows:
Available for appropriation $252,173
This Amended Ordinance being adopted this the W day of June, 1995.
/Chairman
VOTING: Ayes - 5; Nays - 0.
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