HomeMy WebLinkAboutC.054.93011_0766911 Operations $63&155
Section 17. The Transportation Special Revenue Fund was established
on July 1, 2004 to account for the grants and other special revenue received for
the operation of Iredell County Transportation Service and Iredell Community
Transportation. It is estimated that the following revenues will be available for
the fiscal year 2005-2006:
Rural Operating Assistance
Program Grants
$169,990
Transportation Fees
660,000
Rural General Public
Passenger Fares
35,000
NCDOT Community
Transportation Grant
550,940
Sale of Vehicles
12,000
Investment Earnings
2,000
Vehicle Advertisements
15,000
Other Financing Sources
37,815
Total Revenue $1 $_
Section 18. The following amounts are to be appropriated for the fiscal
year 2005-2006 in the Transportation Special Revenue Fund for the operation of
the Iredell County Transportation Service and Iredell Community
Transportation.
Iredell Co. Area
Transportation Service $889,170
Iredell Community
Transportation & Admin 593,575
Total Expenditures $1 4 74
Section 19. Revenues of the Capital Reserve Special Revenue Fund are
provided by operating transfers from the General Fund, unspent Capital Project
Funds, and interest on investments. Operating transfers are subject to annual
appropriation by the Iredell County Board of Commissioners. Appropriations
from this fund are restricted to the purchase of land, water and sewer line
construction, renovation of buildings, purchase of furniture and equipment for
newly constructed, purchased or renovated facilities, renovation and
construction of school facilities, or annual debt service on those items heretofore
mentioned.
All projects funded from this Capital Reserve Special Revenue Fund are
subject to approval by the Board of Commissioners.
It is estimated the following revenues will be available for the fund
during the fiscal year beginning July 1, 2005 and ending June 30, 2006.
Transfer from General Fund $1,500,000
Appropriated Fund Balance 125.000
Total $1 625 0
Appropriations of the fund for the fiscal year beginning July 1, 2005 and
ending June 30, 2006 are:
30