BC 2012 06 18 Regular Meeting - Laserfiche WebLink

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June 18, 2012 (Regular Meeting) Health Insurance Fund Page 1135 A. It is estimated the following revenues will be available in the Health Insurance Fund for the Fiscal Year beginning July 1, 2012 and ending June 30, 2013: Sales and Service Investments Earnings TOTAL REVENUES 7,711,602 7,500 7,719,102 B. The following appropriations are made in the Health Insurance Fund for the Fiscal Year beginning July 1, 2012 and ending June 30, 2013: Administration and Operations 7,719,102 TOTAL EXPENDITURES 7,719,102 GRAND TOTAL - ALL FUNDS - REVENUES $ 211,408,859 GRAND TOTAL - ALL FUNDS - EXPENDITURES $ 211,408,859 Section II. There is hereby levied a tax at the rate of 70 cents per one hundred dollars valuation of property listed for taxes as of January 1, 2012, for the purpose of raising the revenue listed as "CURRENT AD VALOREM TAX LEVY" in the General Fund. This rate of tax is based on an estimated total valuation of property for the purposes of taxation of $18,400,470,359, at an estimated combined collection rate of 97.20 percent (97.71° for real and personal and 89.65° for vehicles) . The estimated rate of collections is based on the fiscal year ending 2012. An estimated total valuation of Real, Personal and Public Service property is $16,957,587,801 and vehicle of $1,442,882,558. Section III. A. Special appropriations to non - profit organizations shall be distributed after the execution of an agreement which ensures that all County funds are used for statutorily permissible public purposes. B. The County Manager and /or Finance Director, or designee is hereby authorized to transfer appropriations within or between funds, or modify revenue and expenditure projections, as contained herein under the following conditions: 1. The Budget Director may transfer amounts between objects of expenditure within a function. 2. The County Manager may transfer amounts up to $100,000 between functions of the same fund. 3. The County Manager may not transfer any amounts between funds or from any contingency appropriation within any fund without action of the Board of Commissioners, except as specified below for budget shortfalls and change orders. 4. The County Manager may transfer amounts between contingency funds which are set aside for a specific project for budgetary shortfalls or upon the appropriate approval of a change order. 5. The County Manager is authorized to transfer funds from the General Fund or Capital Reserve Fund to the appropriate fund for projects approved within the Capital Improvement Plan for the current fiscal year. 6. Additional authority is granted to the Finance Director or designee to transfer amounts within and between funds for the sole purpose of funding salary and benefits adjustments consistent with the Cabarrus County Personnel Management Policy and the Cabarrus County Personnel Ordinance. 7. Upon notification of funding increases or decreases to existing grants or revenues, or the award of grants or revenues, the Manager or Finance Officer may adjust budgets to match, including grants that require a County match for which funds are available.