BC 2006 06 19 REGULAR - Laserfiche WebLink

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June 19, 2006 - Regular Meeting Page 669 Other Taxes Sales and Service Investment Earnings TOTAL REVENUES 1,030,590 23,026 13,100 1,066,716 B. The following appropriations are made in the Cabarrus County Convention and Visitors Bureau Fund for the Fiscal Year beginning July 1, 2006 and ending June 30, 2007: Operations and Reserve TOTAL EXPENDITURES 1,066,716 1,066,716 Section V. There is hereby levied a tax at the rate of 62.89 cents per one hundred dollars valuation of property listed for taxes as of January 1, 2006, 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 $15,305,961,504 at an estimated combined collection rate of 97.70 percent (98.46% for real and personal and 89.52% for vehicles). The estimated rate of collections is based on the fiscal year ending 2005. An estimated total valuation of Real, Personal and Public Service property is $13,970,441,861 and vehicle of $1,335,519,643. Section VI. A. Special appropriations to non-profit organizations shall be distributed after the execution of an agreement which insures that all County funds are used statutorily permissible public purposes. B. The County Manager is hereby authorized to transfer appropriations within a fund as contained herein under the following conditions: 1. He may transfer amounts between objects of expenditures and revenues within a function without limitation. 2. He may transfer amounts up to $100,000 between functions of the same fund. 3. He may not transfer any amounts between funds nor from any contingency appropriation within any fund without action of the Board of Commissioners. 4. Additional authority is granted to the manager 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. S. He may enter into and execute change orders or amendments to construction contracts in amounts up to $50,000 when the appropriate annual budget or capital project ordinance contains sufficient appropriated but unencumbered funds. 6. He may award and execute contracts which are not required to be bid or which G.S. 143-131 allows to be let on informal bids so long as the annual budget or appropriate capital project ordinance contains sufficient appropriated but unencumbered funds for such purposes. 7. He may execute contracts with outside agencies to properly document budgeted appropriations to such agencies where G. S. 153 A-248 (b), 259, 449 and any similar statutes require such contracts. 8. He may rej ect formal bids when deemed appropriate and in the best interest of Cabarrus County pursuant to G.S. 143-129(a). Section VIII. A. This ordinance and the budget documents shall be the basis for the financial plan for the County of Cabarrus for the 2006-07 Fiscal Year. The County Manager and the Budget Officer shall administer the Budget. The Finance Director shall establish and maintain all records, which are in concurrence with this Budget and Budget Ordinance and the appropriate Statutes of the State of North Carolina. Adopted this the 19th of June, 2006.