1999 - 06-07-99 Regular Meeting - Laserfiche WebLink

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Budget Ordinance, Fi Year 1999-00 County of Lee, North arolina June 7, 1999 5 17 P.-u 714 Page 4 SECTION 2. It is estimated that the following revenues will be available for use by the County of Lee to fund the operations appropriated - Section 1 during the Fiscal Year beginning July 1, 1999 and ending on June 30, 2000: Current Year Tax Levy 19,416,000 Prior Years Taxes 484,400 Local Option Sales Tax 5,080,710 In Lieu of Taxes 947,499 Special School Sales Tax 1,465,123 Intangibles Tax 622,000 Library Revenues 127,141 DSS Revenues 4,392,168 Recreation Revenues 534,880 Department for the Aging Revenues 780,967 Health Dept. Revenues 1,268,722 Youth & Adult Services Revenues 585,883 Other Revenues 3,035,181 Fund Balance 2,415,159 TOTAL REVENUES 41,155,833 SECTION 3. All funds received which are committed to be spent by law or contract are ordered spent for those purposes. Additional funds appropriated for those purposes are ordered to come from General County Revenues to the extent necessary. The one-half cent sales taxes designated for School Capital Outlay are ordered to be used to retire existing School Debt Service. SECTION 4. The following amounts are hereby appropriated in the General Fund for the payment of principal and interest on the outstanding debt of the county and expenses relating thereto for the Fiscal Year beginning July 1, 1999 and ending on June 30, 2000: Principal 2,897,511 Interest 1,912,872 Charges 3,000 TOTAL 4,813,383 SECTION 5. It is estimated that the following revenues for the Debt Service will be available to the General Fund for the Fiscal Year beginning July 1, 1999 and ending on June 30, 2000: General Fund Contribution 2,653,164 Transfer from Special Revenue- Schools (Sales Tax) 1,465,123 01G 3.0% COLA