1989 - 06-26-89 Adjourned Reg. Meeting

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Budget Ordinance, Fiscal Year 1989-90 ~ County of Lee, No Carolina BO44 OK` PASa` OQ June 26, 1989 Page 3 Reserve for Reclassification 110,000 SUBTOTAL - RESERVE FUNDS 214,751 TOTAL 22,599,959 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, 1989 and ending on June 30, 1990: Current Year Tax Levy 11,104,704 Prior Years Taxes 102,500 Local Option Sales Tax 3,217,715 In Lieu of Taxes 958,699 Special School Sales Tax 869,571 Intangibles Tax 576,411 Library Revenues 94,423 DSS Revenues 1,970,241 Recreation Revenues 216,512 Department for Aging Revenues 362,185 Health Dept. Revenue 348,406 Youth Services Revenue 123,294 Other Revenues 1,917,212 Fund Balance 738,086 TOTAL REVENUES 22,599,959 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, 1989 and ending June 30, 1990: Principal 1,480,000 Interest 1,054,644 Charges 3,500 TOTAL 2,538,144 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, 1989 and ending June 30, 1990: -4-