HomeMy WebLinkAboutC.054.93008_0866Em
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Local 172¢ Sales Tax 1,670,000
ABC - 5e. Bottle Tax 22,000
Facility Fees 60,000
Health Department Revenues 953,343
Social Services Revenues 1,625,866
Contributions from Revenue Sharing 885,000
Other Revenues 1,232,488
Fund Balance Appropriated 1,577,776
$23,459,062
Section 3. The following amounts are appropriated in the Revaluation Fund for the Fiscal Year
beginning July 1, 1985, and ending June 30, 1986:
Contingency $75,000
Section 4. It is estimated the following revenues will be available for Revaluation Fund,
beginning July 1, 1985, and ending June 30, 1986:
Contributions from General Fund $75,000
Section 5. The following amounts are appropriated in the General Revenue Sharing Funds:
Contributions to General Fund $885,000
All General Revenue Sharing Funds in Iredell County's 1985-86 budget are to be expended for
County match for social services programs or for accuisition of capital items contained in Line Item
M74 of the County's General Fund Budget.
Section 6. It is estimated the following revenues will be available from the General Revenue
Sharing Fund for fiscal year beginning July 1, 1985, and ending Jne 30, 1986:
Interest on Investments $15,848
Federal Government Grant 869,152
TOTAL $885,000
Section 7. There is hereby levied a tax rate of $ .41 par One Hundred Dollars valuation of
property listed for taxes as of January 1, 1985. Total property valuation for ad valorem taxes for
the 1985-85 fiscal year is estimated to be $2,701,642,717. The tax collection rate for fiscal year
1985-86 is estimated to be 95.9%.
Section 8. Schedule B taxes shall be levied in accordance with :he North Carolina Revenue Act.
Section 9. All ABC -5Q Bottle Tax revenues received from Code 347-01 of the 1985-86 General
Fund revenues are hereby designated to support the County's 1985-86 appropriation to Tri -County
Mental Health. All ABC -5Q Bottle Tax revenues are further designated for alcoholic rehabilitation
programs within the Tri -County Mental Health budget for 1985-86.
Section 10. Capital outlay funds are appropriated to the three school units within the county
as follows:
Iredell County Schools $ 670,262
Statesville City Schools 220,264
Mooresville Graded School District 145,764
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
(4) Acquisition of school buses
(5) Acquisition of activity buses
Section 11. All funds appropriated for school capital outlay in the 1985-86 budget, are from
1/2 cent sales tax revenues.
Section. 12. Copies of this Budget Ordinance shall be furnished to the county commissioners,
the finance officer, and the clerk to the board for the carrying out of their duties.