2007 - 06-18-07 Regular Meeting - Laserfiche WebLink

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C E Budget Ordinance, Fiscal Year 2007-08 BOOK 21 FAGF 642 County of Lee, North Carolina June 18, 2007 Page 8 SECTION 22. It is estimated that the following revenues will be available to the Capital Reserve General Fund for the Fiscal Year beginning July 1, 2007 and ending June 30, 2008: Fund Balance $ 440,629 SECTION 23. (A) The use of facsimile signatures is approved for county vouchers. (B) Usage of personal vehicles will be reimbursed at the maximum rate allowed by Federal Tax Laws. (C) County officials authorized to travel to State, National and/or Legislative Goals meetings will be paid $150 per day for expenses. The County will pay for transportation, motel accommodations (single or double rate) and advance registration. (D) The Lee County Assignment of Classes to Salary and Grades and Ranges incorporated as part of this ordinance by reference and attached hereto are hereby adopted which reflects a 3.0% Cost of Living Adjustment. SECTION 24. There is hereby levied a tax of 75 cents per one hundred dollars ($100) valuation of property listed for taxes as of January 1, 2007 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 is based on an estimated total valuation of real property, business personal property, and utilities for purpose of taxation of $4,094,728,859 and an estimated collection rate of 98%, and an estimated total valuation of vehicles for purpose of taxation of $412,116,882 and an estimated collection rate of 86%. SECTION 25. 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 expenditures within a department without limitation. (B) He may transfer amounts up to $5,000.00 between departments of the same fund. (C) He may not transfer any amounts between funds nor from any Contingency appropriation within any fund. SECTION 26. The County Manager and the Clerk to the Board are hereby authorized to execute the necessary agreements within funds included in the Budget Ordinance for the following purposes: (A) Form grant agreements to public and non-profit organizations; (B) Leases of normal and routine business equipment where the annual rental of each is not more than $20,000; (C) Consultant, professional or maintenance service agreements where the annual compensation is not more than $20,000;