HomeMy WebLinkAboutC.054.93009_0584TOTAL REVENUE - GENERAL FUND 53,948,396
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, 1994. Total property valuation for ad valorem taxes for
1994-95 Fiscal Year is estimated to be $5,354,497,133. The tax
collection rate for Fiscal Year 1994-95 is estimated to be 96%.
Section 4. Schedule B taxes shall be levied in accordance
with North Carolina Revenue Act.
Section 5. All ABC - 5 cents Bottle Tax Revenues received
from Code 347-01 of the 1994-95 General Fund Revenues are hereby
designated to support the County,s 1994-95 appropriation to Tri -
County Mental Health. All ABC - 5 cents Bottle Tax Revenues are
further designated for alcoholic rehabilitation programs within the
Tri -County Mental Health budget.
Section 6. Capital Outlay funds are appropriated to the three
school units as follows:
Iredell- Mooresville
Statesville Graded School
Schools District Total
Restricted Sale Taxes 2,141,354 510,806 2,652,160
.03 Ad Valorem Taxes 1,359,660 182,430 1,542,090
Additional County Fds 1,785,261 425,862 2,211,123
Public School Building
Capital Fund 487,660 116,330 603,990
TOTAL 5,773,935 1,235,428 7,009,363
Capital Outlay appropriated by the Board of Commissioners are
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 furnishings and equipment
(4) Acquisition of school buses
(5) Acquisition of activity buses
Approved Capital Expenditures for the two school units are as
follows:
Iredell-nAtgsv;lIg Schools
S. Iredell Elementary School 6
Renovations to Troutman middle 2,789,315
Debt Service on Cert.of Participation 1,484,620
Annual Renovations 568,850
Roofing 128,320
Paving 37,400
Fencing 4,500
Carpet/Floor Covering 91,955
Vehicles 69,663
Maintenance Equipment 31,000
Mobile Units 95,400
Covered Walkways 22,275
Furniture/Equipment 446,500
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