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Budget Ordinance, Fiscal Year 2014 -15 BK: 00026 PG: 0676 <br />Lee County, North Carolina <br />June 16, 2014 <br />Page 3 <br />SECTION 2. It is estimated that the following revenues will be available for use <br />by the County of Lee to fund the operations appropriated - Section 1 during the Fiscal <br />Year beginning July 1, 2014 and ending on June 30, 2015: <br />Ad Valorem Taxes <br />Current Year Tax Levy <br />$ 34,555,901 <br />Prior Years Taxes <br />799,800 <br />Local Option Sales Tax <br />10,815,428 <br />Other Taxes and Licenses <br />418,600 <br />Unrestricted Intergovernmental Revenues <br />889,443 <br />Restricted Intergovernmental Revenues <br />10,703,343 <br />Permits and Fees <br />241,000 <br />Sales and Services <br />2,787,952 <br />Investment Earnings <br />30,000 <br />Miscellaneous <br />379,987 <br />Transfers from Other Funds <br />915,253 <br />Fund Balance Appropriated <br />2,596,759 <br />TOTAL REVENUES $ 65,133,466 <br />SECTION 3. All funds received, which are committed to be spent by law or <br />contract, are ordered spent for those purposes. Additional funds appropriated for those <br />purposes are ordered to come from General County Revenues to the extent necessary. <br />The one -half cent sales taxes designated for School Capital Outlay are ordered to be <br />used to retire existing School Debt Service. <br />SECTION 4. The following amounts are hereby appropriated in the Room <br />Occupancy Tax Fund for the Fiscal Year beginning July 1, 2014 and ending June 30, <br />2015: <br />Central Carolina Community College <br />Civic Center — Current Expense $ 196,000 <br />SECTION 5. It is estimated that the following revenues will be available to the <br />Room Occupancy Tax Fund for the Fiscal Year beginning July 1, 2014 and ending on <br />June 30, 2015: <br />Room Occupancy Tax Revenue <br />Fund Balance <br />$ 190,000 <br />6,000 <br />TOTAL REVENUES $ 196,000 <br />