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600 <br /> <br />Section VII. Library Construction Fund <br /> <br /> A. It is estimated that the following revenues will be available in the <br />Library Construction Fund for the fiscal year beginning July 1, 1984, and ending <br />June 30, 1985. <br /> <br />Contribution from General Fund <br />Interest Earned on Investments <br />Fund Balance Appropriated <br /> <br />252,000.00 <br /> 25,000.00 <br />551,000.00 <br /> <br /> TOTAL REVENUES $ 828,000.00 <br /> <br /> B. The following amounts are hereby appropriated in the Library Construe- <br />tion Fund. <br /> <br />Capital Reserve - Library <br /> <br />$ 828,000.00 <br /> <br /> TOTAL EXPENDITURES $ 828,000.00 <br /> <br />Section VIII. Water & Sewer District of Cabarrus Bond Fund <br /> <br /> A. It is estimated that the following revenues will be available in the <br />Water & Sewer District of Cabarrus Bond Fund for the fiscal year beginning <br />July 1, 1984, and ending June 30, 1985. <br /> <br /> Contribution from General Fund $ 1,200,000.00 <br /> <br /> TOTAL REVENUES $ 1,200,000.00 <br /> <br /> B. The following amounts are hereby appropriated in the Water & Sewer <br />District of Cabarrus Bond Fund. <br /> <br /> Construction of Water & Sewer Lines $ 1,200,000.00 <br /> <br />TOTAL EXPENDITURES <br /> <br />$ 1,200,000.00 <br /> <br />Section IX. <br /> <br /> There is hereby levied a tax at the rate of 52 cents per one hundred <br />dollars valuation of property listed for taxes as of January 1, 1984, 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 $2,475,000,000.00 and an estimated collection <br />rate of 95 percent. The estimated rate of collections is based on the 1983/84 <br />fiscal year collection rate. <br /> <br />Section X. <br /> <br /> The following tax rates listed below are hereby levied for the fire and <br />sanitary districts. <br /> <br />SANITARY DISTRICT <br /> <br />TOTAL VALUATION <br /> <br />RATE <br /> <br />AMOUNT PRODUCED <br /> <br />Kannapolis 242,730,170 .15 364,095 <br /> <br />Royal Oaks 31,148,578 .15 46,722 <br /> <br />Jackson Park 40,308,032 .20 80,616 <br /> <br />FIRE DISTRICT <br /> <br />TOTAL VALUATION <br /> <br />RATE <br /> <br />AMOUNT PRODUCED <br /> <br />A. T. Allen 75,119,331 .05 37,559 <br />Cold Water 76,008,617 .035 26,603 <br />Enochville 26,188,628 .04 10,475 <br />Flowe's Store 44,920,482 .04 17,968 <br /> <br /> <br />