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Budget Ordinance, Fiscal Year 2012 -13 BK: 0 0024 PG; 1007 <br />Lee County, North Carolina <br />June 18, 2012 <br />Page 3 <br />SECTION 2. It is estimated that the following revenues will be available for use <br />by the County of Lee to fund the operations appropriated - Section 1 during the Fiscal <br />Year beginning July 1, 2012 and ending on June 30, 2013: <br />Ad Valorem Taxes <br />Current Year Tax Levy <br />$ 34,949,250 <br />Prior Years Taxes <br />804,000 <br />Local Option Sales Tax <br />9,533,050 <br />Other Taxes and Licenses <br />372,500 <br />Unrestricted Intergovernmental Revenues <br />971,030 <br />Restricted Intergovernmental Revenues <br />9,697,739 <br />Permits and Fees <br />251,000 <br />Sales and Services <br />2,326,814 <br />Investment Earnings <br />75,000 <br />Miscellaneous <br />247,182 <br />Transfers from Other Funds <br />1,073,784 <br />Fund Balance Appropriated <br />2,780,915 <br />TOTAL REVENUES <br />$ 63,082,264 <br />SECTION 3. All funds received, which are committed to be spent by law or <br />contract, are ordered spent for those purposes. Additional funds appropriated for those <br />purposes are ordered to come from General County Revenues to the extent necessary. <br />The one -half cent sales taxes designated for School Capital Outlay are ordered to be <br />used to retire existing School Debt Service. <br />SECTION 4. The following amounts are hereby appropriated in the Room <br />Occupancy Tax Fund for the Fiscal Year beginning July 1, 2012 and ending June 30, <br />2013: <br />Central Carolina Community College <br />Civic Center — Current Expense $ 195,987 <br />SECTION 5. It is estimated that the following revenues will be available to the <br />Room Occupancy Tax Fund for the Fiscal Year beginning July 1, 2012 and ending on <br />June 30, 2013: <br />Room Occupancy Tax Revenue <br />Fund Balance <br />$ 180,000 <br />15,987 <br />TOTAL REVENUES $ 195,987 <br />