|
CITY
<br />
<br />OF CONCORD 7047867068 10/16 '02 08'28 N0.282 07/07
<br />
<br /> Electric, Water and Sewer charges Will generate $66,280,064 in revenues. No increase is
<br /> propoaed 'for cio:trio ra~s. bIowever, some minor fee changes are proposed for Electric s~rvices.
<br /> Also, '.changes are proposed for water and wastewatei' rates and fees and all of the proposed
<br /> changes arc reflected jrt. th~ Seheddle of. Fees and Charges.
<br />
<br />Thc followlng items are proposed to be d~layed md/or eliminated if the state decides to withhold
<br />our reimbursements:
<br />
<br />, R co NDED CUTS Ilr RlglMBURSEM:g 5S ARE NOT RECXIVED
<br />
<br />Reduce Citizefi Communication Budget
<br />External .6geneses
<br />New
<br />Land purchases for Fire Department
<br />New EqUiPment .-, Fire Department
<br />StreetResuffaeing
<br />Pedestrian Bridge- Lincoln Street
<br />Lease:of,~AD ,(OSSI) System - Police
<br />Upgrade & MOve Radio Equipment
<br />Biodegradable 'l~,af Bag Program
<br />Lease of Knuekleboom Truck
<br />Lease. of 25 Rear Loader Garbage Truck
<br />Leaso,of~et Vao Truck & TV Camera
<br />Le, a~ 6f. Diesq Track
<br />L~ase ofiN=~ Pumper. (Station #5)
<br />Lease of Ne~iPoliee Vehicles
<br />Union s~eet Tr~e R~placement
<br />Webb Field iRcsti'ooms
<br />Parks &.Recreation -New Equip.
<br />Contract.for Si~'!nventory
<br />Marketing Cldssic Concord
<br />ConcordDowntown Development
<br />Various Technology Equipment
<br />Transfer:to 2 oent Fund
<br />Neig oo Tmm Calming
<br />Str~etscape Improvements
<br />Storm. w.ater Mapping
<br />
<br />$32,000
<br />43,500
<br />179,000
<br />225,000
<br />39,600
<br />40,000
<br />60,000
<br />105,530
<br />150,000
<br />20,000
<br />11,320
<br />14,014
<br />36,083
<br />5,930
<br />34.072
<br />48,760
<br />I 0,000
<br />'45,000
<br />31,$00.
<br />10,000
<br />10,000
<br />15,000
<br />167,575
<br />257,805
<br />20,000
<br />41,000
<br />10,000
<br />
<br />(Admin & Solid Waste)
<br />
<br />We have estimated our revenues conservatively using information provided by the North Carolina
<br />League °fMunicilmlities. We hop~ that with the adjusted tax rates by the other units of legal
<br />government in thc County, we will once again'receive our fair share of sales tax allocations. The
<br />sales tax'allOcations .for Cabarrus County are based on propoa, ional property tax levies. Again,
<br />th. is budget was Prepared under the assumption that the City of Concord will receive all of its
<br />State sh;ared rmvenue~ for fl~¢ 2002-2003 rise, al year, however we have a contingency plan in. place
<br />should we not receive those.
<br />
<br />Intangibles T~tx Reimbursemeats: The State of North Carolina levied an intangibles tax on cash'
<br />on.depOSit in bank,qflnancJal lnstitution~; c,,uh on deposit with insurance companies; accounts
<br />receivable in.excess of accounts payible; bonds, notes, and other evidences of debt; shares of
<br />stock; and beneficiary interests in foreign trusts. A portion of the~e taxes w~ distributed to '
<br />municipalities based on the origin ofthg-assets. On January I, ;.985, the tax on cash and deposits:
<br /> ...
<br />
<br />
<br />
|