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423 <br /> <br />Sewer Service Taps <br />Reconnection Fees <br />Late Charges <br />Interest on Investments <br />Fund Balance Appropriated <br />TOTAL REVENUES <br /> <br />1,050.00 <br />700.00 <br />350.00 <br />25,000.00 <br />210,000.00 <br />$1,870,600.00 <br /> <br /> B. The Following Amounts are hereby appropriated in the Water and <br />Sewer Utility Fund for the fiscal year beginning July 1, 1988, and ending <br />June 30, 1989. <br /> <br />Administration & Operations <br /> <br />1,870,600.00 <br /> <br />TOTAL EXPENDITURES <br /> <br />$1,870,600.00 <br /> <br />Section III. Water and Sewer District of Cabarrus County <br /> <br /> A. It is estimated that the following revenues will be available in <br />the Water and Sewer District of Cabarrus County Fund for the fiscal year <br />beginning July 1, 1988, and ending June 30, 1989. <br /> <br />Water Service Taps <br />Water Sales <br />Reconnection Fees <br />Late Charges <br />Interest on Investments <br />Fund Balance Appropriated <br /> <br />96,250.00 <br />916,350.45 <br />8,000.00 <br />8,000.00 <br />25,000.00 <br />337,066.80 <br /> <br />TOTAL REVENUES <br /> <br />$1,390,667.25 <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, 1988, <br />and ending June 30, 1989. <br /> <br />Administration & Operations <br /> <br />$1,390,667.25 <br /> <br />TOTAL EXPENDITURES <br /> <br />$1,390,667.25 <br /> <br />Section IV. Revaluation Fund <br /> <br /> A. It is estimated that the following revenues will be available in <br />the Revaluation Fund for the fiscal year beginning July 1, 1988, and ending <br />June 30, 1989. <br /> <br />Interest on Investments <br />Fund Balance Appropriated <br /> <br />$5,000.00 <br />250,000.00 <br /> <br />TOTAL REVENUES <br /> <br />$255,000.00 <br /> <br /> B. The following amounts are hereby appropriated to the Revaluation <br />Fund for the fiscal year beginning July 1, 1988, and ending June 30, 1989 to <br />provide for an octennial appraisal. <br /> <br />Contribution to General Fund <br /> <br />$255,000.00 <br /> <br />TOTAL EXPENDITURES <br /> <br />$255,000.00 <br /> <br />Section V. <br /> <br /> There is hereby levied a tax at the rate of 59.5 cents per one hundred <br />dollars valuation of property listed for taxes as of January 1, 1988, for <br />the purpose of raising the revenue listed as "PROPERTY TAX CURRENT <br />COLLECTIONS" in the General Fund. <br /> This rate of tax is based on an estimated total valuation of property <br />for the purposes of taxation of $2,700,000,000 and an estimated collection <br />rate of 96 percent. The estimated rate of collections is based on the <br />fiscal year ending 1987. <br /> <br /> <br />