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2004 - 06-28-04 Recessed Reg. Meeting
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2004 - 06-28-04 Recessed Reg. Meeting
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Board of Commissioners
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to <br />L~J <br />Budget Ordinance, Fiscal Year 2004-05 <br />County of Lee, North Carolina <br />June 28, 2004 <br />Page 4 <br />ion 19 FACE <br />~ 3s <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, 2004 and ending on June 30, 2005: <br />Current Year Tax Levy <br />23,362,672 <br />Prior Years Taxes <br />960,900 <br />Local Option Sales Tax <br />6,912,540 <br />Hold Harmless Revenues <br />134,149 <br />Special School Sales Tax <br />1,410,660 <br />Library Revenues <br />118,908 <br />DSS Revenues <br />5,389,931 <br />Recreation Revenues <br />304,537 <br />Senior Services Revenues <br />979,201 <br />Health Dept. Revenues <br />1,518,336 <br />Youth & Family Services Revenues <br />478,607 <br />Other Revenues <br />4,258,744 <br />Fund Balance <br />4,440,830 <br />TOTAL REVENUES <br />50,270.015 <br />SECTION 3. Alt finds 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 used <br />to retire existing School Debt Service_ <br />SECTION 4. The following amounts are hereby appropriated in the General Fund <br />for the payment of principal and interest on the outstanding debt of the county and <br />expenses relating thereto for the Fiscal Year beginning July I, 2004 and ending on June <br />30, 2005: <br />Principal 3,746,506 <br />Interest 21634,702 <br />Charges 3,000 <br />"TOTAL 6,384,208 <br />
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