1984 - 06-12-84 Adjour. Reg. Meeting

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N Budget Ordinance, Fiscal Year'3198~" 491 County of Lee, North Carolina June 12, 1984 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 in Section 1 during the Fiscal Year beginning July 1, 1984 and ending on June 30, 1985: Current Years Taxes 6,527,388 Prior Years Taxes 122,500 Local Option Sales Tax 1,965,000 Intangibles Tax 220,000 Revenue Sharing 416,000 Library Revenues 67,306 DSS Revenues 1,105,109 Recreation Revenues - 151,975 Department for Aging Revenues 221,901 Other Revenues 1,200,779 Fund Balance 550,000 TOTAL REVENUES 12,547,958 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 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, 1984 and ending June 30, 1985: Principal 601,000 Interest 530,548 Charges 1,452 TOTAL 1,133,000 SECTION 5. It is estimated that the following revenues will be available to the Debt Service Fund for the Fiscal Year beginning July 1, 1984 and ending June 30, 1985: General Fund Contribution 1,133,000 TOTAL 1,133,000 SECTION 6. The following amounts are hereby appropriated in the Revenue Sharing Trust Fund for the Fiscal Year beginning July 1, 1984 and ending on June 30, 1984: