2003 - 06-23-03 Budget Work Session

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Budget Ordinance, Fisca Year 2003-04 County of Lee, North Carolina 9 ME 426 June 23, 2003 El~OX Pave 13 SECTION 38. There is hereby levied a tax of 67 cents per one hundred dollars (SI00) valuation of property listed for taxes as of January I, 2003, lot- the purpose of raising the revenue listed as "Current Ycar Property Tax" in the General Fund in Section 2 of this ordinance. This rate is based on an estimated total valuation of property for purpose of taxation of 53,614,834,000 and an estimated collection rate of 95.5`%o. SECTION 39. The Budget Officer is hereby authorized to transfer appropriations within a fund as contained herein under the following conditions: (A) He may transfer amounts between objects of expenditures within a department without limitation. (B) He may transfer amounts up to S5,000.00 between departments of the same fund. (C) He may not transfer any amounts between funds nor fionl ally Contingency appropriation within any fund. SECTION 40. The County Manager and the Clerk to the Board are hereby authorized to execute the necessary agreements within funds included in the Budget Ordinance for the following purposes: (A) Form grant agreements to puhlic and non-profit organizations; (B) Leases of normal and routine business equipment where the annual rental of each is not more than 520,000; (C) Consultant, professional or maintenance service agreements where the annual compensation is not more than $20,000; (D) Purchase of apparatus, supplies, materials, or equipment where the purchase price does not exceed 520,000; (E) Agreements for acceptance of State, Federal, public, and non-profit organization grant funds, and funds from other governmental units for services to be rendered; (F) Construction or repair wort: where the amount does not exceed S20,000;