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LEE C <br />Igo ooc +t ac�_,[a v� <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. V. D. <br />_ Information <br />Meeting Date: April 16, 2012 XX Action Item <br />Consent Agenda <br />SUBJECT Distribution Method for Sales Tax Revenues <br />DEPARTMENT Governing Body <br />CONTACT PERSON Commissioner Jim Womack <br />REQUEST Consider a change from the per capita method of sales tax revenue distribution to the <br />ad valorem method <br />SUMMARY Based on a recommendation in the Evergreen Performance Audit, it was decided to <br />review the method of sales tax revenue distribution adopted by the Board of <br />Commissioners. A schedule showing the impact of switching from the per capita <br />method of distribution to the ad valorem method has been provided. The schedule <br />applies the FY 11 -12 ad valorem distribution allocation to the actual revenues received <br />in FY 10 -11. Please note that if the County chooses the ad valorem method of <br />distribution all taxing districts in the County would receive part of the sales tax, i.e. the <br />fire districts and the Central Business District. <br />The following steps would have to be taken to change the method of distribution: <br />During the month of April, the Board of County Commissioners would have to <br />adopt a resolution choosing the ad valorem method distribution for the next fiscal <br />year. <br />File a certified copy of the resolution with the Secretary in Raleigh within 15 days <br />of the adoption of the resolution. <br />BUDGET IMPACT See attached <br />ATTACHMENT(S) (1) Sales tax distribution schedule, (2) NC G.S. 105 -472 Disposition and Distribution of <br />Taxes Collected and (3) Resolution Amending the Method of Sales Tax Distribution for <br />Lee County <br />PUBLIC HEARING No <br />PRIOR BOARD ACTION N/A <br />RECOMMENDATION Pleasure of the Board <br />