ORDINANCE NO. 2003-09
BUDGET ORDINANCE
For the Fiscal Year 2003-2004
BE IT ORDAINED by the Town Council of the Town of Blowing Rock, North Carolina, that the following Revenues and Expenditures are hereby approved for the operation of the Town of Blowing Rock for the Fiscal Year beginning July 1, 2003 and ending on June 30, 2004:
Section 1. General Fund Revenue
|
Current Year Taxes |
$2,175,055 |
|
Prior Year Taxes |
15,000 |
|
Vehicle Taxes |
54,500 |
|
Adjustments/Refunds |
-3,000 |
|
Tax Penalties/Interest |
5,500 |
|
Franchise Tax |
132,610 |
|
Beer/Wine Tax |
6,000 |
|
Powell Bill |
80,000 |
|
Sales Tax |
315,000 |
|
Federal/State Grants |
90,000 |
|
Gasoline Tax Refunds |
5,700 |
|
Solid Waste Fee |
85,000 |
|
Recycling Revenue |
12,500 |
|
Schedule B License |
11,000 |
|
Occupancy Tax |
347,660 |
|
Interest Income |
20,000 |
|
Miscellaneous Income |
22,500 |
|
Cablevision Franchise |
24,000 |
|
ABC Revenue |
125,000 |
|
Parking Ticket Fees |
2,700 |
|
Building Permits |
90,000 |
|
Miscellaneous Zoning Permits |
13,000 |
|
Donations |
4,000 |
|
Cemetery |
15,000 |
|
Recreation: Instructional Classes |
1,800 |
|
Recreation: Rentals |
1,500 |
|
Recreation: Day Camp |
27,540 |
|
Recreation: Special Events |
500 |
|
Recreation: Pool |
17,625 |
|
Recreation: Concessions-Park |
3,900 |
|
Recreation: Concessions-Pool |
2,400 |
|
Recreation: Kinder Activities |
3,200 |
|
Recreation: Athletic Activities |
3,600 |
|
Recreation: Sponsorships |
2,200 |
|
Recreation: County |
10,000 |
|
Book Sales |
600 |
|
Park Lease |
6,500 |
|
Reimbursement From DOT |
17,500 |
|
TOTAL GENERAL FUND |
$3,747,590 |
Section 2. General Fund Appropriations
|
Governing Body |
$43,245 |
|
Administration and Finance |
255,295 |
|
Central Government |
194,990 |
|
Public Buildings |
219,945 |
|
Police Department |
731,730 |
|
Emergency Services |
271,230 |
|
Planning and Inspections |
192,745 |
|
Street Department |
773,150 |
|
Sanitation Department |
276,330 |
|
Community Contributions |
120,570 |
|
Recreation Department |
328,360 |
|
Transfer to W/S Capital Projects Fund |
250,000 |
|
Transfer to Fund Balance |
90,000 |
|
TOTAL GENERAL FUND |
$3,747,590 |
Section 3. Water/Sewer Fund Revenue
|
Interest Income |
$10,000 |
|
Miscellaneous Income |
1,000 |
|
Charges for Water Service |
640,250 |
|
Charges for Sewer Service |
478,960 |
|
Late Payment Fees |
6,500 |
|
Taps and Connections |
6,000 |
|
Water Impact Fee |
45,000 |
|
Sewer Impact Fee |
65,000 |
|
Reconnect Fee |
1,495 |
|
Fund Balance Appropriated |
0 |
|
TOTAL WATER/SEWER FUND |
$1,254,205 |
Section 4. Water/Sewer Appropriations
|
Administrative/Engineering/Billing |
$339,705 |
|
Water and Sewer Plant Operations |
482,150 |
|
Water and Sewer Field Operations |
202,350 |
|
Transfer to W/S Capital Projects Fund |
230,000 |
|
TOTAL WATER/SEWER FUND |
$1,254,205 |
Section 5. General Capital Projects Fund Revenue
|
Transfer from GF for Sidewalks |
$30,000 |
|
Transfer from GF for Emergency Services Reserve |
50,000 |
|
Transfer from GF for Land Purchase (Town Shop/Cemetery) |
5,000 |
|
Transfer from GF for Swimming Pool Reserve |
30,000 |
|
TOTAL CAPITAL PROJECTS REVENUE |
$115,000 |
Section 6. General Capital Projects Fund Appropriations
|
South Main Street Sidewalk Project Capital Expenditures |
$90,000 |
|
General Capital Projects |
25,000 |
|
TOTAL CAPITAL PROJECTS APPROPRIATIONS |
$115,000 |
Section 7. Water and Sewer Capital Projects Fund Revenues
|
Transfer from General Fund |
$250,000 |
|
Transfer from Water/Sewer Fund |
230,000 |
|
TOTAL CAPITAL PROJECTS REVENUE |
$480,000 |
Section 8. Water and Sewer Capital Projects Fund Appropriations
|
Greenhill Area Sewer Line Project Capital Expenditures |
$250,000 |
|
Water/Sewer Capital Projects |
230,000 |
|
TOTAL W/S CAPITAL PROJECTS APPROPRIATIONS |
$480,000 |
Section 9. Levy of Taxes
There is hereby levied, for Fiscal Year 2003-2004, the following ad valorem tax rate of 29.5¢ per one hundred dollar ($100.00) valuation on taxable property as listed for taxes as of January 1, 2003 for the purpose of revenue as set forth in the foregoing estimates of revenue and in order to finance the foregoing appropriations:
This rate of tax is based on an estimated assessed valuation of $764,000,000, with an estimated collection rate of 96.0%.
Section 10. Fees and Charges
There is hereby established, for Fiscal Year 2003-2004, various fees and charges as contained in Attachment A located in the appendix section of this document.
Section 11. Restrictions on Budget Officer
Interfund and interdepartmental money transfers, except as noted in Section 12 (B), shall be accomplished only with specific advanced approval of the Blowing Rock Town Council.
Section 12. Special Authorizations of the Budget Officer
A. The Budget Officer shall be authorized to reallocate any appropriations within departments.
B. The Budget Officer shall be authorized to execute interfund and interdepartmental transfers in emergency situations. Notification of all such transfers shall be made to the Town Council at its next meeting following the transfer.
Section 13. Utilization of Budget Ordinance/Distribution
This ordinance shall be the basis of the financial plan for the Town of Blowing Rock municipal government during the 2003-2004 fiscal year. The Budget Officer shall administer the Annual Operating Budget and shall insure that operating officials are provided guidance and sufficient details to implement their appropriate portion of the budget.
The Finance Director shall establish and maintain all records, consistent with this ordinance, and the appropriate state statutes of the State of North Carolina.
A copy of this ordinance shall be furnished to the Town Manager and the Finance Officer of the Town of Blowing Rock to be kept on file for direction in the disbursement of funds.
Adopted this 10th day of June, 2003.