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BOOK <br />O PAGE247 <br />Section 20: That for said fiscal year there is hereby appropriated out of the Central <br />Carolina Technical Institute Fund the following: <br />Code Purpose Appropriation <br />60 Current Expense 95 249 <br />TOTAL APPROPRIATIONS - CENTRAL CAROLINA TECHNICAL INSTITUTE FUND <br />95 249• <br />Section 21: It is estimated that the following Central Carolina Technical Institute <br />Fund Revenues will be available during the <br />fiscal year beginning July <br />1, <br />1973 and ending June 30, 1974 to meet the <br />foregoing Central Carolina <br />Technical Institute Fund appropriations: <br />" <br />Code <br />Revenue source <br />Amount <br />Taxes - Ad Valorem <br />53-301-73 <br />Budget year (F/Y 1973-74) <br />$70 <br />821 <br />53-301-00 <br />Prior years <br />1. <br />257 <br />53-329-00 <br />Interest on Investments <br />200 <br />53-339-00 <br />Intangible Property Tax <br />4 <br />000 <br />Total <br />$76 <br />278 <br />Fund balan <br />ce appropriated <br />Surplus <br />18 <br />971 <br />TOTAL REVENUES - CENTRAL CAROLINA TECHNICAL INSTITUTE FUND 5 249 <br />Section 22: There is hereby levied for the fiscal year ending June 30, 1974 the <br />following rate of taxes on each one hundred dollars ($100) assessed <br />valuation of taxable property as listed as of January I, 1973 for the <br />purpose of raising revenues from current year's property tax as set <br />forth in the foregoing estimates of revenue and in order to finance <br />foregoing appropriations'for the general expenses incident to.the proper <br />- government of Lee County, North Carolina, and for the payment of maturing <br />principal and interest on outstanding. bonded debt of Lee County, North <br />Carolina: <br />General Fund $0.3600 <br />Debt Service Fund 0.0640 <br />Social Services Fund -0.1100 <br />Recreation Fund 0.1000 <br />School Current Expense Fund 0.4990 <br />School Capital Outlay Fund 0.0620 <br />School Debt Service Fund 0.0620 <br />Central Carolina Technical Institute Fund 0.0430 <br />TAX RATE PER ONE HUNDRED DOLLARS ($100) ASSESSED VALUATION 1.3000 <br />Such rates are based on an estimated total appraised value.of property <br />for the purpose of taxation of $261,500,000 with an assessment.ratio of <br />70% of appraised value,, or $183,000,000 and an estimated collection rate <br />of 90%. <br />