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1985 - 06-24-85 Regular Meeting
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1985 - 06-24-85 Regular Meeting
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Minutes
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Board of Commissioners
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Budget Ordinanc Fiscal Year 1985-86 <br />County of Lee, oth Carolina <br />June 24, 1985 <br />Page 3 <br />BDCK 11 PA;E 774 <br />Current Years Taxes <br />7,180,248 <br />Prior Years Taxes <br />131,700 <br />Local Option Sales Tax <br />2,250,000 <br />Intangibles Tax <br />315,000 <br />Revenue Sharing <br />316,000 <br />Library Revenues <br />67,267 <br />DSS Revenues <br />1,033,194 <br />Recreation Revenues <br />132,800 <br />Department for Aging Revenues <br />224,543 <br />Other Revenues <br />1,368,067 <br />Fund Balance o <br />550,000 <br />TOTAL REVENUES 13,568,819 <br />SECTION 3. All funds received which are committed to be <br />spent by law or contract are ordered spent for those purposes. <br />Additional funds appropriated for those purposes are ordered to <br />come from General County Revenues to the extent necessary. The <br />one-half cent sales tax designated for School Capital Outlay is <br />ordered used to retire existing School Debt Service. <br />SECTION 4. The following amounts are hereby appropriated <br />in the Debt Service Fund for the payment of principal and <br />interest on the outstanding debt of the county and expenses <br />relating thereto for the Fiscal Year beginning July 1, 1.985 and <br />ending June 30, 1986: <br />Principal 572,000 <br />Interest 499,898 <br />Charges 1,102 <br />TOTAL 1,073,000 <br />SECTION 5. It is estimated that the following revenues <br />will be available to the Debt Service Fund for the Fiscal Year <br />beginning July 1, 1985 and ending June 30, 1986: <br />General Fund Contribution 1,073,000 <br />TOTAL <br />1,073,000 <br />SECTION 6. The following amounts are hereby appropriated <br />in the Revenue Sharing Trust Fund for the Fiscal Year beginning <br />July 1, 1985 and ending on June 30, 1986: <br />Transfer to G.F. for Debt <br />Service 316,000 <br />SECTION 7. It is estimated that the following revenues <br />
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