ORDINANCE - Budget Ordinance FY 2019-2020

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Budget Ordinance, Fiscal Year 2019-20 Lee County, North Carolina June 17, 2019 Page 6 SECTION 13. The following amounts are hereby appropriated in the Capital Reserve General Fund for the Fiscal Year beginning July 1, 2019 and ending June 30, 2020: Transfer to General Fund $ 805,388 SECTION 14. It is estimated that the following revenues will be available to the Capital Reserve General Fund for the Fiscal Year beginning July 1, 2019 and ending June 30, 2020: Transfer from General Fund $ 712,000 Fund Balance Appropriated 93,388 TOTAL REVENUES $ 805,388 SECTION 15. (A) The use of facsimile signatures is approved for county vouchers. (B) Usage of personal vehicles will be reimbursed at the maximum rate allowed by Federal Tax Laws. (C) County officials authorized to travel to State, National and/or Legislative Goals meetings will be paid $150 per day for expenses. The County will pay for transportation, motel accommodations (single or double rate) and advance registration. (D) The Lee County Assignment of Classes to Salary and Grades and Ranges incorporated as part of this ordinance by reference and attached hereto are hereby adopted. SECTION 16. There is hereby levied a tax of 77.5 cents per one hundred dollars ($100) valuation of property listed for taxes as of January 1, 2019 for the purpose of raising the revenue listed as "Current Year Property Tax" in the General Fund in Section 2 of this ordinance. This rate is based on an estimated total valuation of real property, business personal property, and utilities for purpose of taxation of$5,242,744,100 and an estimated collection rate of 99.13%, and an estimated total valuation of vehicles for purpose of taxation of$500,800,000 and an estimated collection rate of 100%. SECTION 19. The Budget Officer is hereby authorized to transfer appropriations within a fund as contained herein under the following conditions: (A) He may transfer amounts between objects of expenditures within a department without limitation. (B) He may transfer amounts up to $5,000.00 between departments of the same fund. (C) He may not transfer any amounts between funds or from any Contingency appropriation within any fund.