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<br />
<br />Section VII.
<br />
<br /> There is hereby levied a tax at the rate of $.67 cents per one hundred dollars
<br />valuation of property listed for taxes as of January 1, 1979, for the purpose of
<br />raising the revenue listed as "CURRENT YEAR PROPERTY TAXES" in the General Fund.
<br />
<br /> This rate of tax is based on an estimated total valuation of property for the
<br />purpose of taxation of $1,040,000,000.00 and an estimated collection rate of 95%.
<br />The estimated rate of collections is based on the 1978/79 fiscal year collection
<br />rate.
<br />
<br />Section VIII.
<br />
<br /> The following tax rates listed below are hereby levied for the fire and
<br />sanitary districts.' The net amount produced is after allowing five percent (5%)
<br />commission to Cabarrus County for collection fees and the usual allowance for
<br />discounts and uncollected taxes of five percent (5%).
<br />
<br />SANITARY DISTRICTS TOTAL VALUATION RATE NET AMOUNT PRODUCED
<br />
<br />Kannapolis 113,049,511 .21 213,664
<br />
<br />Parkwood 9,263,445 .15 12,506
<br />
<br />Royal Oaks 15,215,600 .21 28,757
<br />
<br />Jackson Park 18,511,293 .10 16,660
<br />
<br />FIRE DISTRICTS
<br />
<br />TOTAL VALUATION RATE NET AMOUNT PRODUCED
<br />
<br />A. T. Allen
<br />Cold Water
<br />Enochville
<br />Flowe's Store
<br />Georgeville
<br />Harrisburg
<br />Jackson Park
<br />Mid land
<br />Mt. Mitchell
<br />Odell
<br />Pitts
<br />Poplar Tent
<br />Rimer
<br />Winecoff
<br />
<br />31,585,260
<br />31,212,139
<br />11,473,372
<br />9,686,987
<br />8,977,882
<br />36,615,455
<br />65,491,828
<br />26,813,216
<br />16,726,845
<br />20,717,770
<br />22,862,951
<br />31,056,131
<br />12,397,389
<br />45,360,253
<br />
<br />.05 14,213
<br />.05 14,045
<br />.04 4,130
<br />.08 6,975
<br />06 4,848
<br />04 13,182
<br />03 17,683
<br />06 13,901
<br />05 7,527
<br />06 11,188
<br />06 12,346
<br />05 13,975
<br />.07 7,810
<br />.03 12,247
<br />
<br />Section IX.
<br />
<br /> The County Manager and Finance Director are hereby authorized to transfer
<br />appropriations within a fund as contained herein under the following conditions:
<br />
<br />He may transfer amounts between objects of expenditures within a
<br />department wibhout limitation and without a report being requested.
<br />
<br />He may transfer amounts up to $2,000 between departments of the same
<br />fund with an official report of such transfers at the next regular
<br />meeting of the Board of Commissioners.
<br />
<br />He may not transfer any amounts between funds nor from any contingency
<br />appropriation within any fund without action of the Board of Commissioners.
<br />
<br /> There being no further business to come before the Board, the meeting was
<br />adjourned.
<br />
<br />
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