1992 - 06-22-92 Adj. Regular Meeting

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Budget Ordinance, Fiscal Year.1992-93 ® County of Lee, North Carolina June 22, 1992 Page 3 SUBTOTAL - RESERVE FUNDS TOTAL 380,792 27,203,720 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, 1992 and ending on June.30, 1993:.. Current Year Tax Levy Prior Years Taxes Local Option Sales Tax In Lieu of Taxes Special school sales Tax Intangibles Tax Library Revenues DSS Revenues Recreation Revenues Department for the Aging Health Dept. Revenue Youth Services Revenue Other Revenues Fund Balance 12,546,855 209,000 3,111,000 968,399 886,000 560,000 95,283 3,189,312 312,832 Revenues 455,184 539,818 212,148 3,316,767 801,122 TOTAL REVENUES 27,203,720 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 tax designated for School Capital Outlay is ordered 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, 1992 and ending June 30, 1993: Principal 2,540,000 Interest 903,518 Charges 15,000 TOTAL 3,458,518 11 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, 1992 and ending June 30, 1993: 15 0