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552
<br />
<br /> B. The following amounts are hereby appropriated to the Revaluation Fund
<br />to provide for an octennial reappraisal.
<br />
<br />Contracted Service - Revaluation
<br />
<br />$ 273,900.00
<br />
<br />TOTAL EXPENDITURES
<br />
<br />$ 273,900.00
<br />
<br />Section VI. Debt Service Fund
<br />
<br /> A. It is estimated that the following revenues will be available in
<br />the Debt Service Fund for the fiscal year beginning July 1, 1981, and
<br />ending June 30, 1982.
<br />
<br />Contribution from General Fund
<br />
<br />$ 1,450,162.50
<br />
<br />TOTAL REVENUES
<br />
<br />$ 1,450,162.50
<br />
<br /> B. The following amounts are hereby appropriated in the Debt Service
<br />Fund for the payment of principal and interest on the outstanding debt of the
<br />County, and expense relating thereto for the fiscal year beginning July 1,
<br />1981, and ending June 30, 1982.
<br />
<br />Bond Principal
<br />Bond Interest
<br />Bank Service Charges
<br />
<br />760,000.00
<br />688,162.50
<br /> 2,000.00
<br />
<br />TOTAL EXPENDITURES
<br />
<br />$ 1,450,162.50
<br />
<br />Section VII.
<br />
<br /> There is hereby levied a tax at the rate of $.74 cents per one hundred
<br />dollars valuation of property listed for taxes as of January 1, 1981 for the
<br />purpose of raising the revenue listed as "CURRENT YEAR PROPERTY TAXES" in
<br />the General Fund.
<br />
<br /> This rate of tax is based on an estimated total valuation of property
<br />for the purposes of taxation of $1,165,000,000.00 and an estimated collection
<br />rate of 95%. The estimated rate of collections is based on the 1980/81 fiscal
<br />year collection 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
<br />(5%) commission to Cabarrus County for collection fees and the usual allowance
<br />for discounts and uncollected taxes of five percent (5%).
<br />
<br />SANITARY DISTRICT
<br />
<br />TOTAL VALUATION
<br />
<br />RATE
<br />
<br />NET AMOUNT PRODUCED
<br />
<br />Kannapolis 126,052,602 .21 238,239
<br />Royal Oaks 17,863,011 .21 33,761
<br />Jackson Park 19,475,932 .25 43,821
<br />
<br />FIRE DISTRICT
<br />
<br />TOTAL VALUATION
<br />
<br />RATE
<br />
<br />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 />Midland
<br />Mt. Mitchell
<br />
<br />35,109,190
<br />36,151,148
<br />12,421,854
<br />20,117,218
<br />11,555,001
<br />44,321,941
<br />74,821,521
<br />30,317,252
<br />18,348,940
<br />
<br />07 22,119
<br />05 16,268
<br />04 4,472
<br />08 14,484
<br />08 8,320
<br />04 15,956
<br />04 26,936
<br />.05 13,643
<br />.04 6,606
<br />
<br />
<br />
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