Laserfiche WebLink
Budget Ordinance, F Year 1998-99 <br />County of Lee, North Carolina <br />June 22, 1998 BOA V PAGE 372 <br />Page 4 <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, 1998 and ending on June 30, 1999: <br />Current Year Tax Levy <br />17,479,000 <br />Prior Years Taxes <br />450,000 <br />Local Option Sales Tax <br />4,920,704 <br />In Lieu of Taxes <br />969,999 <br />Special School Sales Tax <br />1,352,331 <br />Intangibles Tax <br />622,000 <br />Library Revenues <br />126,641 <br />DSS Revenues <br />3,957,591 <br />Recreation Revenues <br />266,365 <br />Department for the Aging Revenues <br />711,019 <br />Health Dept. Revenues <br />1,096,670 <br />Youth & Adult Services Revenues <br />485,513 <br />Other Revenues <br />3,814,058 <br />Fund Balance <br />1,913,976 <br />TOTAL REVENUES <br />38,165,867 <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 used <br />to retire existing School Debt Service. In Lieu of Taxes will be used to fund the Reserve <br />for Wilrik Project. <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 1, 1998 and ending on June <br />30, 1999: <br />Principal <br />2,840,000 <br />Interest <br />1,968,280 <br />Charges <br />3,000 <br />033 <br />TOTAL 4,811,280 <br />