ORDINANCE NO. 2008-__

BUDGET ORDINANCE

For the Fiscal Year 2008-2009

 

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, 2008 and ending on June 30, 2009:

 

Section 1.  General Fund Revenue

 

Property Taxes

2,938,000

Occupancy Tax

342,865

Sales Tax

395,000

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

213,300

ABC Revenue

122,500

Sales/Services

317,650

Powell Bill

85,000

Federal/State Grants

0

Other Revenue

206,500

Fund Balance Appropriated

75,000

Capitals Projects Transfer In

140,245

 

 

   TOTAL GENERAL FUND

$4,836,060

 

 

Section 2.  General Fund Appropriations

 

Governing Body

 $49,795

Administration and Finance

336,935

Central Government

271,150

Public Buildings

734,250

Police Department

972,000

Emergency Services

394,000

Planning and Inspections

238,110

Street Department

896,990

Sanitation Department

316,995

Recreation Department

425,835

Transfer to W/S Capital Projects Fund

200,000

Transfer to Fund Balance

0

   TOTAL GENERAL FUND

$4,836,060

 

 

Section 3.  Water/Sewer Fund Revenue

 

Interest Income

$38,000

Miscellaneous Income

6,500

Charges for Water Service

675,000

Charges for Sewer Service

539,180

Interconnection Charge

126,000

Late Payment Fees

12,500

Taps and Connections

12,500

Water Impact Fee

45,000

Sewer Impact Fee

85,000

Reconnect Fee

1,200

Fund Balance Appropriated

0

 

 

   TOTAL WATER/SEWER FUND

$1,540,880

 

 

Section 4.  Water/Sewer Appropriations

 

Administrative/Engineering/Billing

$670,485

Water and Sewer Plant Operations

552,205

Water and Sewer Field Operations

288,190

Transfer to W/S Capital Projects Fund

30,000

 

 

   TOTAL WATER/SEWER FUND

$1,540,880

 

 

Section 5.  General Capital Projects Fund Revenue

 

Transfer from GF

$137,200

Blowing Rock Fire District – Emergency Services Building

50,000

North Caldwell District – Emergency Services Building

10,000

Interest Income

4,015

Prior Year Reserve

80,245

 

 

   TOTAL CAPITAL PROJECTS REVENUE

$281,460

 

 

Section 6.  General Capital Projects Fund Appropriations

 

Transfer to General Fund

$140,245

Parks/Recreation & Landscape Master Plan - Capital Projects

42,200

General Capital Projects - Sidewalks

10,000

General Capital Projects - Storm Water

29,015

General Capital Projects – Police Building Remodel

10,000

Future General Capital Projects - Reserve

50,000

 

 

   TOTAL CAPITAL PROJECTS APPROPRIATIONS

$281,460

 

 

 

 

Section 7.  Water and Sewer Capital Projects Fund Revenues

 

Transfer from General Fund

$200,000

Transfer from Water/Sewer Fund

30,000

Interest Income

0

 

 

   TOTAL CAPITAL PROJECTS REVENUE

$230,000

 

 

Section 8.  Water and Sewer Capital Projects Fund Appropriations

 

Water Tank/Clearwell Maintenance

$25,000

Water Field Projects

30,000

Sewer Line Extensions

100,000

Sewer Line – I/I Repair Program

75,000

 

 

TOTAL W/S CAPITAL PROJECTS APPROPRIATIONS

$230,000

 

 

Section 9.  Levy of Taxes

 

There is hereby levied, for Fiscal Year 2008-2009, 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, 2008 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 $1,050,976,450, excluding motor vehicles, with an estimated collection rate of 97.0%. Motor Vehicles are estimated with an assessed valuation of $18,250,000.

 

Section 10.  Fees and Charges

 

There is hereby established, for Fiscal Year 2008-2009, 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 2008-2009 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 Director of the Town of Blowing Rock to be kept on file for direction in the disbursement of funds.

 

Adopted this 10th day of June, 2008.

 

 

                                                                        __________________________________

                                                                        J.B. Lawrence                                                   

Mayor

 

ATTEST:

 

______________________________

Sharon H. Greene

Town Clerk