2000 - 06-05-00 Regular Meeting - Laserfiche WebLink

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Budget Ordinance, Fis ear 2000-01 023 County of Lee, North Ca olina nox 18 FACE 101 June 5, 2000 Page 13 SECTION 42. There is hereby levied a tax of 75 cents per one hundred dollars ($100) valuation of property listed for taxes as of January 1, 2000, for the purpose of raising the revenue listed as "Current Year 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 $2,812,000,000 and an estimated collection rate of 97.00%. SECTION 43. 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 $5,000.00 between departments of the same fund. (c) He may not transfer any amounts between funds nor from any Contingency appropriation within any fund. SECTION 44. 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 public and non-profit organizations; (B) Leases of normal and routine business equipment where the annual rental of each is not more than $20,000; (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 $20,000; (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 work where the amount does not exceed $20,000; (G) Liability, health, disability, casualty, property or other insurance or retention and faithful performance bonds (other than for the Sheriff and Register of Deeds). 3.0% COLA