ORDINANCE NO. 2007-__

BUDGET ORDINANCE

For the Fiscal Year 2007-2008

 

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, 2007 and ending on June 30, 2008:

 

Section 1.  General Fund Revenue

 

Property Taxes

2,891,500

Occupancy Tax

305,115

Sales Tax

370,000

State Collected: Franchise/Telecom/Beer & Wine/Video Programming

195,300

ABC Revenue

122,500

Sales/Services

316,400

Powell Bill

85,000

Federal/State Grants

0

Other Revenue

224,750

Fund Balance Appropriated

0

 

 

   TOTAL GENERAL FUND

$4,510,565

 

 

Section 2.  General Fund Appropriations

 

Governing Body

 $52,845

Administration and Finance

334,155

Central Government

567,225

Public Buildings

195,530

Police Department

914,885

Emergency Services

371,510

Planning and Inspections

218,780

Street Department

920,150

Sanitation Department

306,950

Recreation Department

428,535

Transfer to W/S Capital Projects Fund

200,000

Transfer to Fund Balance

0

   TOTAL GENERAL FUND

$4,510,565

 

 

Section 3.  Water/Sewer Fund Revenue

 

Interest Income

$36,000

Miscellaneous Income

7,500

Charges for Water Service

662,000

Charges for Sewer Service

531,000

Late Payment Fees

8,500

Taps and Connections

12,000

Water Impact Fee

45,000

Sewer Impact Fee

85,000

Reconnect Fee

1,200

Fund Balance Appropriated

0

 

 

   TOTAL WATER/SEWER FUND

$1,388,200

 

 

Section 4.  Water/Sewer Appropriations

 

Administrative/Engineering/Billing

$341,025

Water and Sewer Plant Operations

523,825

Water and Sewer Field Operations

283,260

Transfer to W/S Capital Projects Fund

240,090

 

 

   TOTAL WATER/SEWER FUND

$1,388,200

 

 

Section 5.  General Capital Projects Fund Revenue

 

Transfer from GF

$536,085

Blowing Rock Fire District – Emergency Services Building

50,000

North Caldwell District – Emergency Services Building

10,000

 

 

   TOTAL CAPITAL PROJECTS REVENUE

$596,085

 

 

Section 6.  General Capital Projects Fund Appropriations

 

Emergency Services Building – Debt Service

354,565

Emergency Services Building – Reserve

5,435

Parks/Recreation & Landscape Master Plan – Pool Renovation

63,000

General Capital Projects - Sidewalks

20,000

General Capital Projects - Parking Facility

58,085

General Capital Projects - Storm Water

25,000

General Capital Projects – Police/Recreation Building Remodel

10,000

Future General Capital Projects - Reserve

60,000

 

 

   TOTAL CAPITAL PROJECTS APPROPRIATIONS

$596,085

 

 

Section 7.  Water and Sewer Capital Projects Fund Revenues

 

Transfer from General Fund

$200,000

Transfer from Water/Sewer Fund

240,090

Interest Income

14,910

 

 

   TOTAL CAPITAL PROJECTS REVENUE

$455,000

 

 

Section 8.  Water and Sewer Capital Projects Fund Appropriations

 

Water/Wastewater Capital Improvement Projects – Debt Service

$360,000

Water Field Projects

20,000

Sewer Line Extensions

25,000

Sewer Line – I/I Repair Program

50,000

 

 

TOTAL W/S CAPITAL PROJECTS APPROPRIATIONS

$455,000

 

 

Section 9.  Levy of Taxes

 

There is hereby levied, for Fiscal Year 2007-2008, the following ad valorem tax rate of 28.0¢ per one hundred dollar ($100.00) valuation on taxable property as listed for taxes as of January 1, 2007 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 $1,035,206,900, excluding motor vehicles, with an estimated collection rate of 97.0%. Motor Vehicles are estimated with an assessed valuation of $18,250,000 and a collection rate of 94.0%.

 

Section 10.  Fees and Charges

 

There is hereby established, for Fiscal Year 2007-2008, 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 2007-2008 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 12th day of June, 2007.

 

 

                                                                        __________________________________

                                                                        J.B. Lawrence                                                   

Mayor

 

ATTEST:

 

______________________________

Sharon H. Greene

Town Clerk