1986 - 06-13-86 Adjour. Reg. Meeting

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Budget Ordinanc Fiscal Year 1986-87 County of Lee, orth Carolina ~q G ig {,tr` June 13, 1986 987 Page 3 C] Current Years Taxes 9,082,200 Prior Years Taxes 128,000 Local Option Sales Tax 2,466,000 Intangibles Tax 337,500 Revenue Sharing 249,000 Library Revenues 87,900 DSS Revenues 1,230,802 Recreation Revenues 175,516 Department for Aging Revenues 227,903 Other Revenues 1,493,387 Fund Balance 550,000 TOTAL REVENUES 16,028,208 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 County Equipment Fund for the Fiscal Year beginning July 1, 1986 and ending on June 30, 1987: Purchase of Equipment 333,165 SECTION 5. It is estimated that the following revenues will be available to the County Equipment Fund for the Fiscal Year beginning July 1, 1986 and ending on June 30, 1987: Contribution from G.F. 333,165 SECTION 6. The following amounts are hereby appropriated in the Debt Service 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, 1986 and ending June 30, 1987: Principal 765,000 Interest 1,216,505 Charges 3,495 TOTAL 1,985,000 SECTION 7. It is estimated that the following revenues will be available to the Debt Service Fund for the Fiscal Year beginning July 1, 1986 and ending June 30, 1987: ® General Fund Contribution 1,985,000