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June 16, 2008 (Regular Meeting) Page 870
<br />Total Revenues From Tax Levy $2,577,991
<br />Section IV.
<br />The following tax rates are hereby established for the fiscal year
<br />beginning July 1, 2008 and ending June 30, 2009 for the purpose of
<br />providing fire services within the various fire and service districts in
<br />Cabarrus County. The tax rates are based on estimated total valuation of
<br />properties as of January 1, 2008. The estimated combined collection rate
<br />is 98.16 percent (98.99 for real and personal and 89.537 for vehicles)
<br />and is based on the fiscal year ending 2007. In accordance with previous
<br />action by the Board of County Commissioners, the County collection fee is
<br />set at 1.5~. The taxes will be collected by the Cabarrus County Tax
<br />Collector, as provided in G.S. 69-25.4:
<br /> Amount Produced
<br />Fire Districts Total Valuation Rate (98.168 collection rate)
<br />Allen 578,935,000 .09 $ 227,117
<br />Cold Water 348,340,000 .05 170,965
<br />Enochville 160,539,000 .06 99,551
<br />Flowe's Store 553,679,000 .04 217,397
<br />Georgeville 282,831,000 .06 166,576
<br />Gold Hi11 50,500,000 .06 29;792
<br />Harrisburg Rural 798,590,000 .075 587,922
<br />Jackson Park 173,820,000 .OS 85,311
<br />Kannapolis Rural 47,067,000 .035 16,170
<br />Midland 339,019,000 .055 183,027
<br />Mt. Mitchell 119,706,000 .05 58,752
<br />Mt. Pleasant Rural 499,112,000 .055 239,767
<br />Northeast ** 138,697,000 .05 68,072
<br />Odell 1,025,265,000 .03 301,920
<br />Richfield-Misenheimer 14,129,000 .07 9,708
<br />Rimer 209,587,000 .06 120,999
<br />** Rate Decrease From Prior Year
<br />Section V.
<br />The County Manager and/or Finance Director is hereby authorized to
<br />transfer appropriations within or between funds as contained herein
<br />under the following conditions:
<br />1.The Finance Director or designee may transfer amounts between
<br />objects of expenditure within a department.
<br />2. The County Manager may transfer amounts between objects of
<br />expenditures or revenues within a function without limitation.
<br />3. The County Manager may transfer amounts up to $100,000 between
<br />functions of the same fund.
<br />9.The County Manager may not transfer any amounts between funds nor
<br />from any contingency appropriation within any fund without action
<br />of the board of Commissioners, except as specified below for the
<br />Capital Improvement Plan and Salary and Benefits adjustments.
<br />5. The County Manager is authorized to transfer funds from the
<br />General Fund or Capital Reserve Fund to the appropriate fund for
<br />projects approved within the Capital Improvement Plan for the
<br />current fiscal year.
<br />6.Additional authority is granted to the Finance Director to
<br />transfer amounts within and between funds for the sole purpose of
<br />funding salary and benefits adjustments consistent with the
<br />Cabarrus County Personnel Management Policy and the Cabarrus
<br />County Personnel Ordinance.
<br />7. Upon notification of funding increases or decreases from state,
<br />federal, or previously approved grant sources, the Manager or
<br />Finance Officer may adjust budgets to match. decreases from
<br />state, federal or grant sources, budgets may be adjusted to match
<br />with the approval of theCounty Manager or Finance Director.
<br />8. The County Manager may enter into and execute change orders or
<br />amendments to construction contracts in amounts less than $90,000
<br />when the appropriate annual budget or capital project ordinance
<br />contains sufficient appropriated but unencumbered funds.
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