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June 18, 200'7 (Regular Meeting) Page 404 <br />Other Taxes 1,877,196 <br />Sales and Service 30,000 <br />TOTAL REVENUES 1,927,736 <br />B. The following appropriations are made in the Cabarrus County Tourism <br />Authority Fund for the Fiscal Year beginning July 1, 2007 and ending <br />June 30, 2008: <br />Administration and Operations 1,927,738 <br />TOTAL EXPENDITURES 1,927,738 <br />Section V. ' <br />There is hereby levied a tax at the rate of 63 cents per one hundred <br />dollars valuation of property listed for taxes as of January 1, 2007, <br />for the purpose of raising the revenue listed as "CURRENT AD VALOREM <br />TAX LEVY" 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 $16,137,325,000 at an estimated <br />combined collection rate of 97.67 percent (98.67 for real and personal <br />and 69.97 for vehicles). The estimated rate of collections is based <br />on the fiscal year ending 2006. An estimated total valuation of Real, <br />Personal and Public Service property is $19,723,673,011 and vehicle of <br />$1,913,651,989. <br />Section VI. <br />A. Special appropriations to non-profit organizations shall be <br />distributed after the execution of an agreement which ensures that <br />all County funds are used for statutorily permissible public <br />purposes. <br />B. The County Manager and/or Finance Director is hereby authorized to <br />transfer appropriations within or between funds as contained herein <br />under the following conditions: <br />1.The Finance Director or designee may transfer amounts between ' <br />objects of expenditure within a department. <br />2. The County Manager may transfer amounts between objects of <br />expenditures or revenues within a function without limitation. <br />3.The County Manager may transfer amounts up to $100,000 between <br />functions of the same fund. <br />4. The County Manager may not transfer any amounts between funds nor <br />from any contingency appropriation within any fund without action <br />of the Board of Commissioners, except as specified below for the <br />Capital Improvement Plan and Salary and Benefits adjustments. <br />5.The County Manager is authorized to transfer funds from the <br />Capital Reserve Fund to the appropriate fund for projects <br />approved within the Capital Improvement Plan for the current <br />fiscal year. <br />6. Additional authority is granted to the Finance Director to <br />transfer amounts within and between funds for the sole purpose of <br />funding salary and benefits adjustments consistent with the <br />Cabarrus County Personnel Management Policy and the Cabarrus <br />County Personnel Ordinance. <br />7.Upon notification of funding decreases from state, federal or <br />grant sources, budgets may be adjusted to match with the approval <br /> <br />of the County Manager or <br />Finance Director. <br />Board of ' <br />Commissioners' action will not be required unless staffing is <br />affected. <br />8. The County Manager may enter into and execute change orders or <br />amendments to construction contracts in amounts less than $90,000 <br />when the appropriate annual budget or capital project ordinance <br />contains sufficient appropriated but unencumbered funds. <br />9. The County Manager may award and execute contracts which are not <br />required to be bid or which G.S. 193-131 allows to be let on <br />informal bids so long as the annual budget or appropriate capital <br />