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168
<br />
<br />Interest Earned on Investments
<br />Contribution from General Fund
<br />Fund Balance Appropriated
<br />
<br /> 8,100.00
<br /> 50,000.00
<br />142,900.00
<br />
<br />TOTAL REVENUES
<br />
<br />$ 201,000.00
<br />
<br /> B. The following amounts are hereby appropriated to
<br />the Revaluation Fund to provide for an octennial reappraisal.
<br />
<br />Contracted Services-Revaluation $
<br />Capital Reserve - Revaluation
<br />
<br /> 2,200.00
<br />198,800.00
<br />
<br />TOTAL EXPENDITURES
<br />
<br />$ 201,000.00
<br />
<br />Section VIII.
<br />
<br /> There is hereby levied a tax at the rate of $.63 cents
<br />per one hundred dollars valuation of property listed for taxes
<br />as of January 1, 1978, for the purpose of raising the revenue
<br />listed as "Current Year Property Taxes" in the General Fund.
<br />
<br /> This rate of tax is based on an estimated total valuation
<br />of property for the purpose of taxation of $990,000,000 and an
<br />estimated collection rate of 96%. The estimated rate of collection
<br />is based on the 1977/78 fiscal year collection rate.
<br />
<br />Section IX.
<br />
<br /> The following tax rates listed below are hereby levied for
<br />the fire and sanitary districts. The net amount produced is
<br />after allowing five percent (5%) commission to Cabarrus County
<br />for collection fees and the usual allowance for discounts and
<br />uncollected taxes of four percent (4%).
<br />
<br />SANITARY DISTRICTS TOTAL VALUATION
<br />
<br />RATE NET AMOUNT PRODUCED
<br />
<br />Kannapolis 112,518,187 .21 215,022
<br />Parkwood 9,687,113 .15 13,223
<br />Royal Oaks 14,592,306 .17 22,574
<br />Rockland 1,510,474 .22. 3,024
<br />Jackson Park 12,500,000 .10 11,375
<br />
<br />FIRE DISTRICTS
<br />
<br />TOTAL VALUATION
<br />
<br />RATE NET AMOUNT PRODUCED
<br />
<br />Jackson Park 60,268,376 .03 16,453
<br />Cold Water 29,835,179 .05 13,575
<br />A. To Allen 29,608,408 .05 13,472
<br />Midland 25,459,530 .06 13,901
<br />Poplar Tent 28,638,864 .05 13,031
<br />Harrisburg 33,201,297 .04 12,085
<br />Rimer 12,016,755 .05 5,468
<br />Mt. Mitchell 16,066,410 .05 7,310
<br />Pitts 20,274,295 .08 14,760
<br />Winecoff 44,851,945 .03 12,245
<br />Georgeville 8,249,672 .06 4,504
<br />Odell 17,232,555 .05 7,841
<br />Enochville 10,490,730 .04 3,819
<br />
<br />Section XI.
<br />
<br /> The County Manager and Finance Director are hereby authorized
<br />to transfer appropriations within a fund as contained herein under
<br />the following conditions:
<br />
<br />Se
<br />
<br />He may transfer amounts between objects of expenditure
<br />within a department without limitation and without a
<br />report being requested.
<br />
<br />He may transfer amounts up to $2,000 between departments
<br />of the same fund with an official report of such transfers
<br />at the next regular meeting of the Board of Commissioners.
<br />
<br />
<br />
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