BC 1977 06 30 - Laserfiche WebLink

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50 Section .VII. Capital Pl~Dject - Renovation A. It is estimated that tJ~e' following revenues will be available in the Capital Project Renovation Fund for the fiscal year beginning July 1, 1977, and endh~g J~e 30, 1978. Cont_ribut/on f~Dm .Revenue SharJ3~g $ 161,000.00 Tn~st Fund B. The following anoumts are hereby appl~Dpriated in the Capital Project Be_novation Fund for the renovation of Building C. Capital Out]_ay - Building C $ 161,000.00 Section VIII. RevaluatJ. on A. It is estimated that the following revenues will be available in the Revaluation Fund for tine fiscal year begiru%ing July 1, 1977, and ending June 30, 1978. Contribution flx~m General Fund $ Interest Ea~ed on Investments $ F~d Balance Appropriated $ 50,000.00 5,000.00 87,000.00 $ 142,000.00 B. The following ~nounts are hereby appropriated to the Rexraluation }Amd tO pro~dde for an oct~nial reappraisal. Contracted Se~dces - Revaluation $ Capital Reserve - Revaluation $ 2,200.00 139,800.00 $ 142,000,00 Section IX. ~ere is hereby levied a tax at ~]e rate of .63 cents per one hundred dollars valuation of property listed for t~xes as of January 1, 1977, for the put, se of raising ~ne revenue listed as "Current Year Property T~xes" Jm the General Fund. This rate of tax is based on an estimated total valuation of property for the purpose of taxation of $935,000,000 and an estimated collection rate of 94%. The estimated rate of oollection is based on the 1976/1977 fiscal year collection rate. Section X. ~ne following tax rates listed below 'are hereby levied for the fire and sanitary districts. The net amount produced is after allowing five percent (5%) co~Tudssion to Cabarrus County for collection fees and the usual allowance for discolmts and uncollected .t~xes of six percent (6%). ~%NI f~%RY DISTRICTS 9OT3XL VTtLUAT1 ON RATE NET A~,~OUN~ PROD%X2ED Ka~%napolis ]08,460,452 .21 202,712 Par_~..~od 8,848,638 .10 7,875 Royal C~mks 13,843,367 .17 20,945 7ockland 1,458,259 .22 2,855