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479
<br />
<br />Interest on Investment
<br />Sales Tax Refund
<br />
<br />TOTAL REVENUES
<br />
<br />10,000.00
<br />85~000.00
<br />
<br />$1,568,000.00
<br />
<br /> B. The following amounts are hereby appropriated in the Water &
<br />Sewer District of Cabarrus Bond Fund for the fiscal year beginning July
<br />1, 1986 and ending June 30, 1987.
<br />
<br />Construction of WatDr & Sewer Lines $1~568,000.00
<br />
<br />TOTAL EXPENDITURES $1,568,000.00
<br />
<br />Section VI.
<br />
<br /> There is hereby levied a tax at the rate of 52 cents per one
<br />hundred dollars valuation of property listed for taxes as of January 1,
<br />1986, for the purpose of raising the revenue listed as "PROPERTY TAX
<br />CURRENT COLLECTIONS" in the General Fund.
<br /> This rate of tax is based on an estimated total valuation of
<br />property for the purposes of taxation of $2,900,000,000 and an estimated
<br />collection rate of 95 percent. The estimated rate of collections is
<br />based on the fiscal year ending 1985.
<br />
<br />Section VII.
<br />
<br /> The following tax rates listed below are hereby levied for the fire
<br />and sanitary districts.
<br />
<br />SANITARY DISTRICT
<br />
<br />TOTAL VALUATION RATE
<br />
<br />AMOUNT PRODUCED
<br />
<br />Kannapolis 259,063,927 .15 369,166
<br />Royal Oaks 31,761,429 .15 45,260
<br />
<br />FIRE DISTRICT
<br />
<br />TOTAL VALUATION RATE
<br />
<br />AMOUNT PRODUCED
<br />
<br />A. T. Allen 71,863,439 .03 20,481
<br />Cold Water 78,228,157 .04 29,726
<br />Enochville 69,829,840 .04 26,535
<br />Flowe's Store 49,274,458 .04 18,724
<br />Georgeville 25,345,900 .06 14,447
<br />Harrisburg 175,717,018 .04 66,772
<br />Jackson Park 25,000,000 .05 11,875
<br />Midland 56,691,479 .055 29,621
<br />Mt. Mitchell 38,716,481 .035 12,873
<br />Odell 68,747,639 .035 22,858
<br />Pitts 75,141,940 .035 24,984
<br />Poplar Tent 81,638,947 .05 38,778
<br />Rimer 29,913,731 .05 14,209
<br />Winecoff 103,807,770 .025 24,654
<br />Northeast 14,632,799 .07 9,730
<br />Mt. Pleasant Rural 63,238,833 .04 24,030
<br />
<br />Section VIII.
<br />
<br /> The County Manager and Finance Director are hereby authorized to
<br />transfer appropriations within a fund as contained herein under the
<br />following conditions:
<br />
<br />a. He may transfer amounts between objects of expenditures within a
<br /> department without limitation and without a report being requested.
<br />
<br />b. He may transfer amounts up to $5,000 between departments of the same
<br /> fund.
<br />
<br />He may not transfer any amounts between funds nor from any
<br />contingency appropriation within any fund without action of the
<br />Board of Commissioners.
<br />
<br />
<br />
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