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Budget Ordinance, Fiscal Year 2017-18 <br />Lee County, North Carolina <br />June 19, 2017 <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, 2017 and ending on June 30, 2018: <br />Ad Valorem Taxes <br />Current Year Tax Levy <br />$ 41,497,561 <br />Prior Years Taxes <br />604,300 <br />Local Option Sales Tax <br />13,669,336 <br />Other Taxes and Licenses <br />424,400 <br />Unrestricted Intergovernmental Revenues <br />753,230 <br />Restricted Intergovernmental Revenues <br />8,224,076 <br />Permits and Fees <br />260,025 <br />Sales and Services <br />2,773,908 <br />Investment Earnings <br />75,000 <br />Miscellaneous <br />343,496 <br />Transfers from Other Funds <br />667,899 <br />Fund Balance Appropriated <br />1,904,077 <br />TOTAL REVENUES <br />$ 71,197,308 <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, 2017 and ending June 30, <br />2018: <br />Central Carolina Community College <br />Civic Center — Current Expense $ 220,000 <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, 2017 and ending on <br />June 30, 2018: <br />Room Occupancy Tax Revenue $ 220,000 <br />