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ABC - 5 Cents Bottle Tax 22,500
Facility Fees 91,000
Health Department Revenues 1,284,113
R Social Services Revenues 2,109,253
Other Revenues 2,076,788
Fund Balance Appropriated 1,279,914
Total Revenue - General Fund 28,265,668
Section 3. The following amounts are appropriated in the Revaluation Fund for the Fiscal
Year beginning July 1, 1987, and ending June 30, 1988:
Future Revaluation Contract 75,000
Section 4. It is estimated the following revenues will be available for Revaluation
Fund, beginning July 1, 1987, and ending June 30, 1988:
Contributions from General Fund 75,000
Section 5. There is hereby levied a tax rate of $ .43 per One Hundred Dollars valua-
tion of property listed for taxes as of January 1, 1987. Total property valuation for ad valorem
taxes for the 1987-88 fiscal year is estimated to be $2,850,000,000. The tax rollection rate for
fiscal year 1987-88 is estimated to be 96.0%.
Act. Section 6. Schedule B taxes shall be levied in accordance with the North Carolina Revenue
Section 7. All ABC - 5 cents Bottle Tax revenues received from Code 347-01 of the 1987-
88 General Fund revenues are hereby designated to support the County's 1987-88 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 for 1987-86.
Section 8. Capital Outlay funds are appropriated to the three school units within the
county as follows:
Iredell County Schools 1,312,326
Statesville City Schools 390,833
Mooresville Graded School District 264,841
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 9. All funds appropriated for school capital outlay in the 1987-88 budget are
from 172 cent sales tax revenues.
Section 10. Copies of this Budget Ordinance shall be furnished to the county commis-
sioners, the finance officer, and the clerk to the board for the carrying out of their duties.
Section 11. The budget officer is hereby authorized to transfer appropriations within a
fund as contained herein under the following conditions:
(a) The budget officer may transfer amounts between object
of expenditures within a department except that no
transfer shall be made into or out of salaries without
approval by the board of county commissioners.
(b) The budget officer may transfer amounts up to $1,000
between departments of the same fund with an official
report on such transfer at the next regular meeting
of the board of commissioners.
Section 12. The board of county commissioners hereby authorizes the Iredell County Tax
Collector to collect taxes for the City of Statesville in compliance with the contract adopted by
the two governing boards. A charge of one and one-half (i#) per cent of all taxes collected for the
City of Statesville will be payable to Iredell County for said collection services.
Section 13. There is hereby levied a tax rate of $.035 per One Hundred Dollars ($100.00)
valuation of property within the Shepherds Fire District, a tax rate of $.035 per One Hundred
Dollars ($100.00) valuation of property within the Mt. Mourne Fire District, a tax rate of $.035 per
One Hundred Dollars ($100.00) valuation of property within the East Alexander Fire District, and a
tax rate of $.035 per One Hundred Dollars ($100.00) valuation of property within the Iredell County
Fire Service District. The estimated tax collection rate for the four fire districts is 96.0%
Property valuation for ad valorem taxes for the fire districts for the 1987-88 fiscal
year is estimated to be as follows: