HomeMy WebLinkAboutC.054.93011_1592Taxes:
Iredeil-Statesvilk
Schools
Ad Valorem - Current
$ 80,567,920
Ad Valorem - Delinquent
1,800,000
Interest on Delinquent Taxes
494,400
Local Option 1¢ Saks Tax
16,360,000
1983 Local Option 1/20 Saks Tax
7,368,800
1986 Local Option 1/2¢ Saks Tax
7,290,100
2002 Local tlon 1/2¢ Saks Tax
7,053,500
Interest on Investments
2,700,000
ABC 5¢ Bottle Tax
36,000
Cable TV Tax
471,500
Tax Collection Fees
560,000
Court Facility Fees
360,000
Register of Deeds Fees
3,101,000
Planning & Development
231,450
Inspections
3,455,000
Health Department Revenues
4,226,815
Social Services Revenues
14,293,310
Other Financing Sources
936,250
Other Revenues
6,130,920
Appropriated Fund Balance
828,895
Total Revenues - General Fund
$ 158,265,860
Section 3. There is hereby levied a tax rate of $ .445 per One Hundred Dollars Valuation of
property listed for taxes as of January 1, 2007. Total property valuation for ad valorem tax purposes
for the 2007-2008 fiscal year is estimated to be $18,694,000,000. The tax collection rate for fiscal year
2007-2008 is estimated to be 96.85%.
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 2007-
2008 General Fund Revenues are hereby designated to support the County's 2007-2008 appropriation
to Crossroads Behavioral Healthcare designated for alcoholic rehabilitation programs.
Section 6. Capital Outlay funds are appropriated to the two school units as follows:
Capital Outlay appropriated by the Board of Commissioners is to be expended for the following
categories as contained in G.S. 115C -426(f):
(1) Acquisition of land
(2) Building acquisition and construction
(3) Acquisition or replacement of fumishings and equipment
(4) Acquisition of school buses
(5) Acquisition of activity buses
Approved Capital Expenditures for the two school units are as follows:
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Iredeil-Statesvilk
Schools
Mooresville
Graded School
District
Total
Restricted Saks Taxes
$ 4,942,864
$ 1,296,292
$ 6,239,156
7'/20 Ad Valorem Tax
11,502,158
2,076,704
1,357,862
Additional Ad Valorem Tax
3,802,082
1,086,309
4,888,391
Totals
$ 20,247,104
$ 4,459,305
$ 24,706,409
Capital Outlay appropriated by the Board of Commissioners is to be expended for the following
categories as contained in G.S. 115C -426(f):
(1) Acquisition of land
(2) Building acquisition and construction
(3) Acquisition or replacement of fumishings and equipment
(4) Acquisition of school buses
(5) Acquisition of activity buses
Approved Capital Expenditures for the two school units are as follows:
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