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148
<br />
<br /> B. The following amounts are hereby appropriated in the Water & Sewer
<br />District of Cabarrus County Fund for the fiscal year beginning July 1, 1987
<br />and ending June 30, 1988.
<br />
<br />Administration & Operations
<br />TOTAL EXPENDITURES
<br />
<br />$ 1~142~869.34
<br />$ 1,142,869.34
<br />
<br />Section IV. Revaluation Fund
<br />
<br /> A. It is estimated that the following revenues will be available in the
<br />Revaluation Fund for the fiscal year beginning July 1, 1987, and ending
<br />June 30, 1988.
<br />
<br />Contribution from General Fund
<br />Interest on Investment
<br />Fund Balance Appropriated
<br />
<br /> 40,000.00
<br /> 14,000.00
<br />265~000.00
<br />
<br />TOTAL REVENUES
<br />
<br />$ 319,000.00
<br />
<br /> B. The following amounts are hereby appropriated to the Revaluation Fund
<br />for the fiscal year beginning July 1, 1987 and ending June 30, 1988 to provide
<br />for an octennial appraisal.
<br />
<br />Capital Reserve Revaluation
<br />TOTAL EXPENDITURES
<br />
<br />$ 319~000.00
<br />
<br />$ 319,000.00
<br />
<br />Section V.
<br />
<br /> There is hereby levied a tax at the rate of 54 cents per one hundred
<br />dollars valuation of property listed for taxes as of January 1, 1987, for the
<br />purpose of raising the revenue listed as "PROPERTY TAX CURRENT COLLECTIONS" in
<br />the General Fund.
<br /> This rate of tax is based on an estimated total valuation of property for
<br />the purposes of taxation of $2,960,000,000 and an estimated collection rate of
<br />95 percent. The estimated rate of collections is based on the fiscal year
<br />ending 1986.
<br />
<br />Section VI.
<br />
<br /> The following tax rates listed below are hereby levied for the fire
<br />districts.
<br />
<br />FIRE DISTRICT
<br />
<br />TOTAL'VALUATION RATE AMOUNT PRODUCED
<br />
<br />A. T. Allen 77,036,020 .025 19,259
<br />Cold Water 82,271,554 .04 32,909
<br />Enochville 37,284,472 .03 11,185
<br />Flowe's Store 56,724,529 .04 22,690
<br />Georgeville 27,944,089 .06 16,766
<br />Harrisburg 192,236,953 .04 76,895
<br />Jackson Park 57,182,844 .01 5,718
<br />Midland 60,128,919 .055 33,071
<br />Mt. Mitchell 40,203,411 .035 14,071
<br />Odell 79,304,541 .02 15,861
<br />Pitts 81,393,547 .035 28,488
<br />Poplar Tent 75,934,779 .06 45,561
<br />Rimer 32,072,770 .07 22,451
<br />Winecoff 108,718,625 .025 27,180
<br />Northeast 16,431,663 .07 11,502
<br />Mt. Pleasant Rural 67,661,453 .04 27,065
<br />
<br />Section VII.
<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 />
<br />
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