BC 2011 06 20 Regular - Laserfiche WebLink

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June 20, 2011 (Regular Meeting) Workers Compensation Fund Pa ge 514 A. It is estimated the following revenues will be available in the Workers Compensation Fund for the Fiscal Year beginning July 1, 2011 and ending June 30, 2012: Other Financing Sources Investment Earnings TOTAL REVENUES 598,213 5,000 603,213 B. The following appropriations are made in the Workers Compensation Fund for the Fiscal Year beginning July 1, 2011 and ending June 30, 2012: Administration and Operations 603,213 TOTAL EXPENDITURES 603,213 Health Insurance Fund A. It is estimated the following revenues will be available in the Health Insurance Fund for the Fiscal Year beginning July 1, 2011 and ending June 30, 2012: Sales and Service Investments Earnings TOTAL REVENUES 7,356,500 10,500 7,367,000 B. The following appropriations are made in the Health Insurance Fund for the Fiscal Year beginning July 1, 2011 and ending June 30, 2012: Administration and Operations 7,367,000 TOTAL EXPENDITURES 7,367,000 GRAND TOTAL - ALL FUNDS - REVENUES $ 214,872,987 GRAND TOTAL - ALL FUNDS - EXPENDITURES $ 214,872,987 Section II. There is hereby levied a tax at the rate of 63 cents per one hundred dollars valuation of property listed for taxes as of January 1, 2011, 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 $20,976,971,895, at an estimated combined collection rate of 97.45 percent (97.99% for real and personal and 89.38% for vehicles) . The estimated rate of collections is based on the fiscal year ending 2011. An estimated total valuation of Real, Personal and Public Service property is $19,595,601,571 and vehicle of $1,381,370,324. 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.