ORDINANCE NO. 2006-04
BUDGET ORDINANCE
For the Fiscal Year 2006-2007
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, 2006 and ending on June 30, 2007:
|
Property Taxes |
2,804,000 |
|
Occupancy Tax |
292,380 |
|
Sales Tax |
350,500 |
|
State Collected: Franchise/Telecom/Beer & Wine |
141,800 |
|
ABC Revenue |
122,500 |
|
Sales/Services |
313,000 |
|
Powell Bill |
86,000 |
|
Federal/State Grants |
0 |
|
Other Revenue |
215,415 |
|
Fund Balance Appropriated |
0 |
|
|
|
|
TOTAL GENERAL FUND |
$4,325,595 |
|
Governing Body |
$53,745 |
|
Administration and Finance |
313,050 |
|
Central Government |
559,350 |
|
Public Buildings |
196,520 |
|
Police Department |
842,030 |
|
Emergency Services |
326,760 |
|
Planning and Inspections |
209,385 |
|
Street Department |
904,485 |
|
Sanitation Department |
304,405 |
|
Recreation Department |
415,865 |
|
Transfer to W/S Capital Projects Fund |
200,000 |
|
Transfer to Fund Balance |
0 |
|
TOTAL GENERAL FUND |
$4,325,595 |
|
Interest Income |
$33,000 |
|
Miscellaneous Income |
7,500 |
|
Charges for Water Service |
650,000 |
|
Charges for Sewer Service |
522,000 |
|
Late Payment Fees |
8,200 |
|
Taps and Connections |
12,000 |
|
Water Impact Fee |
45,000 |
|
Sewer Impact Fee |
93,330 |
|
Reconnect Fee |
1,500 |
|
Fund Balance Appropriated |
0 |
|
|
|
|
TOTAL WATER/SEWER FUND |
$1,372,530 |
Section 4. Water/Sewer
Appropriations
|
Administrative/Engineering/Billing |
$360,295 |
|
Water and Sewer Plant Operations |
515,410 |
|
Water and Sewer Field Operations |
266,825 |
|
Transfer to W/S Capital Projects Fund |
230,000 |
|
|
|
|
TOTAL WATER/SEWER FUND |
$1,372,530 |
|
Transfer from GF – 3.75 cents |
$358,600 |
|
Transfer from GF for Sidewalks |
10,000 |
|
Transfer from GF for Parking Facility |
51,330 |
|
Transfer from GF for Storm Water |
10,000 |
|
Transfer from GF for Parks/Recreation & Landscape Master Plan |
38,000 |
|
Transfer from GF for Swimming Pool Reserve |
25,000 |
|
Transfer from GF for Emergency Services Building |
50,000 |
|
Blowing Rock Fire District – Emergency Services Building |
50,000 |
|
North Caldwell District – Emergency Services Building |
10,000 |
|
Grants – Federal/State |
40,000 |
|
|
|
|
TOTAL CAPITAL PROJECTS REVENUE |
$642,930 |
|
Emergency Services Building – Arch./Eng. |
$50,000 |
|
Emergency Services Building – Debt Service |
308,860 |
|
Emergency Services Building – Reserve |
51,140 |
|
Parks/Recreation & Landscape Master Plan - Projects |
38,000 |
|
Swimming Pool Architect/Design |
25,000 |
|
General Capital Projects - Sidewalks |
10,000 |
|
General Capital Projects - Parking Facility |
51,330 |
|
General Capital Projects - Storm Water |
50,000 |
|
Future General Capital Projects - Reserve |
58,600 |
|
|
|
|
TOTAL CAPITAL PROJECTS APPROPRIATIONS |
$642,930 |
|
Transfer from General Fund |
$200,000 |
|
Transfer from Water/Sewer Fund |
230,000 |
|
Proceeds – Lease Purchase |
2,202,000 |
|
Grants – Federal/State |
40,000 |
|
|
|
|
TOTAL CAPITAL PROJECTS REVENUE |
$2,672,000 |
|
Water Plant Projects |
$765,000 |
|
Wastewater Plant Projects |
1,432,000 |
|
Sewer Line Extensions |
40,000 |
|
Sewer Field Projects |
90,000 |
|
Water Field Projects |
5,000 |
|
Capital Projects – Debt Service |
340,000 |
|
|
|
|
TOTAL W/S CAPITAL PROJECTS APPROPRIATIONS |
$2,672,000 |
There is hereby levied, for Fiscal Year 2006-2007, 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, 2006 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 $1,021,450,200, excluding motor vehicles, with an estimated collection rate of 97.0%.
There is hereby established, for Fiscal Year 2006-2007, various fees and charges as contained in Attachment A located in the appendix section of this document.
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.
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.
This ordinance shall be the basis of the financial plan for the Town of Blowing Rock municipal government during the 2006-2007 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 13th day of June, 2006.
__________________________________
J.B. Lawrence
Mayor
ATTEST:
______________________________
Sharon H. Greene
Town Clerk