1981 - 06-24-81 Adj. Regular Meeting

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0 E SECTION 13. There is hereby levied a tax of 67Q per one hundred dollars • ($100) valuation of property listed for taxes as of January 1, 1981, 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 of tax is based on an estimated total valuation of property for purpose of taxation of $825,000,000 and an estimated collection rate of 96%. The estimated rate of collection is based on the fiscal 1979-80 collection rate of 96.24%. It is,estimated that the collection rate for fiscal year 1980-81 will be 97.5%. SECTION 14. 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 expenditure within a department without limitation. (b) He may transfer amounts up to $1,000.00 between departments of the is same fund. (c) He may not transfer any amounts between funds nor from any Contingency appropriation within any fund. (d) A report of all such transfers shall be made to the Board at their next regularly scheduled meeting. SECTION 15. There is hereby levied a tax at the rate of seven cents (7C) per C one hundred dollars ($100) valuation of property listed for taxes as of January 1, 1981 located within the Carolina Trace Fire District for the raising of revenue for said district. This rate of tax is based on an estimated total valuation of $44,797,389 for purposes of taxation and an estimated collection rate of 96%. The collection rate for Fiscal Year 1979-80 was 96.24% It is estimated that collections for Fiscal Year 1980-81 will be 97.5%. SECTION 16. Copies of this Budget Ordinance shall be furnished the Budget Officer, the Finance Office, and the Tax Supervisor for direction in carrying out their duties.