ORDINANCE - Budget Ordinance FY 2019-2020

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Budget Ordinance, Fiscal Year 2019-20 Lee County, North Carolina June 17, 2019 Page 3 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, 2019 and ending on June 30, 2020: Ad Valorem Taxes Current Year Tax Levy $ 44,158,975 Prior Years Taxes 527,300 Local Option Sales Tax 15,609,895 Other Taxes and Licenses 495,485 Unrestricted Intergovernmental Revenues 653,717 Restricted Intergovernmental Revenues 8,749,388 Permits and Fees 261,927 Sales and Services 2,938,982 Investment Earnings 300,000 Miscellaneous 410,387 Transfers from Other Funds 1,136,502 Fund Balance Appropriated 1,927,714 TOTAL REVENUES $ 77,170,272 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 Room Occupancy Tax Fund for the Fiscal Year beginning July 1, 2019 and ending June 30, 2020: Central Carolina Community College Civic Center— Current Expense $ 252,313 SECTION 5. It is estimated that the following revenues will be available to the Room Occupancy Tax Fund for the Fiscal Year beginning July 1, 2019 and ending on June 30, 2020: Room Occupancy Tax Revenue $ 252,313 SECTION 6. The following amounts are hereby appropriated to the Solid Waste Management Fund for the Fiscal Year beginning July 1, 2019 and ending on June 30, 2020: Solid Waste Management $ 247,696 Waste Collections 1,439,795 TOTAL APPROPRIATIONS $ 1,687,491