TOWN OF NAGS HEAD
TOWN OF NAGS HEAD
BUDGET ORDINANCE
FISCAL YEAR 2000-01
BE IT ORDAINED by the Board of Commissioners of the Town of Nags Head, North Carolina, meeting in session this the 4th day of April 2001, that the budget ordinance as adopted on June 21, 2000, effective July 1, 2000, as amended July 5, 2000, August 2, 2000, September 6, 2000, October 4, 2000, November 1, 2000, December 6, 2000, January 3, 2001, February 7, 2001, and March 7, 2001, is hereby further amended to read as follows:
SECTION 1, GENERAL FUND
Revenues Anticipated
1. Taxes
Current Year Ad Valorem Taxes $ 2,910,336
Prior Year Taxes 20,000
Penalties and Interest 12,000
Intangibles Tax 38,000
Sales Tax (1/2%) (40) 184,600
Sales Tax (1/2%) (42) 183,100
Local Option Sales Tax (1%) 711,000
Occupancy Tax 1,187,800
Land Transfer Tax 310,000
TOTAL TAXES $ 5,556,836
2. LICENSES & PERMITS
Privilege Licenses $ 28,000
Beach Driving Permits 15,000
Building Permits 196,980
CAMA Permits 10,000
Review Fees 50,000
Automobile Licenses 100
TOTAL LICENSE & PERMITS $ 300,080
3. INTERGOVERNMENTAL REVENUES
State:
Utility Franchise Tax $ 210,000
Beer and Wine Tax 9,200
State Street Aid Allocation 115,000
Court Fees 3,500
Inventory Tax 6,720 Wellness Grant 1,750
Safety Grant 650
DCM Epstein Parking Grant 8,400
DCM Economic Study Grant 36,180
Copsmore Grant 18,029
Local:
Contributions from Water Fund 400,000
Contributions from Other Governments 137,195
Contributions from Capital Reserve Fund 160,386
Contributions from Outer Banks Visitors Bureau 100,000
TOTAL INTERGOVERNMENTAL $ 1,207,010
4. MISCELLANEOUS REVENUES
Investment Earnings $ 200,000
Sale of Fixed Assets 10,000
ABC Distributions 9,000
Mixed Drink Surcharge 42,700
Parking Violations 300
Dumpster Sales 23,200
Automated Cart Sales 15,700
Facilities Fees 100,000
Pond Island Street Assessment 5,500
Loan Proceeds 961,247
Insurance Proceeds 11,378
Thanksgiving Events 5,000
All Other Revenues 38,157
TOTAL MISCELLANEOUS REVENUES $ 1,422,182
APPROPRIATION - FUND BALANCE $ 762,942
TOTAL GENERAL FUND REVENUES $ 9,249,050
Expenditures Authorized by Department
Governing Body $ 213,286
Administration 299,270
Legal Services 30,800
Administrative Services 1,212,344
Planning and Development 1,051,458
Public Buildings 361,594
Public Works - Administration 248,834
Maintenance Garage 164,487
Streets 764,033
Sanitation 999,930
Solid Waste Disposal 494,000
State Street Aid 115,000
Police 1,579,198
Animal Control 54,360
Fire 865,346
Fire(Volunteers) 40,622
Ocean Rescue 414,458
Transfer to Capital Reserve Fund 100,000
Transfer to Water Fund 115,861
Contingency 42,810
Capital Improvements Plan 81,359
TOTAL GENERAL FUND EXPENDITURES $9,249,050
SECTION II, WATER FUND
Revenues Anticipated
Charges for Utilities $ 1,887,181 Water Sales to Regional System 105,997
Taps/Connection Fees 18,000
Reconnection Fees 7,000
Interest on Investment 80,000
Rents 21.000
Penalties and Interest 25,000
Miscellaneous Revenues 13,495
Hospital Share of water line extension 9,712
Loan Proceeds 21,370
Appropriated Retained Earnings 253,042
TOTAL WATER FUND REVENUES $ 2,441,797
Expenditures Authorized
Administration $ 75,377
Septic Health 125,304
Operations 956,583
Fresh Pond 105,997
Distribution 443,296
Contribution to General Fund 400,000
Contingency 30,857
CIP 304,383
TOTAL WATER FUND EXPENDITURES $ 2,441,797
SECTION III, NAGS HEAD LEASING CORPORATION
Revenues Anticipated
Appropriated Fund Balance $ 75,388
TOTAL NAGS HEAD LEASING REVENUES $ 75,388
Expenditures Authorized
Capital Outlay - Land $ 3,300
Debt Payments - Principal 52,500
Debt Payments - Interest 19,588
TOTAL NAGS HEAD LEASING EXPENDITURES $ 75,388
SECTION IV, CAPITAL RESERVE FUND
Revenues Anticipated
Contribution from General Fund $ 100,000
Appropriations/Admin. FF 31,500
Appropriations/Fire. FF 23,584
Appropriations/Police FF 13,500
Appropriations/Sanitation FF 19,818
Appropriations/Municipal Complex Debt 26,942
Appropriations/PW Buildings/Land 21,692
Appropriations/Ocean Rescue 15,850
Appropriations/Fire Van 5,500
Appropriations/Streets 2,000
TOTAL CAPITAL RESERVE FUND REVENUES $ 260,386
Expenditures Authorized
Contributions to General Fund $ 136,802
Repayment of Interfund Debt to General Fund 23,584
Contributions to Fund Balance 100,000
TOTAL CAPITAL RESERVE FUND EXPENDITURES $ 260,386
TOTAL BUDGET FISCAL YEAR 2000-2001 $ 12,026,621
SECTION V, TAX RATE ESTABLISHED
A tax rate of Thirty-five and eight-tenths ($.358) cents per hundred dollar valuation is hereby levied on all real estate and personal property in the Town of Nags Head as of January 1, 2000. The estimated valuation of said property is Eight Hundred Twenty-Two Million, Eight Hundred Sixteen Thousand, and Six Hundred Twenty-Three Dollars ($822,816,623). The estimated collection rate of Ninety-Eight and Eight-Tenths Percent (98.80%) is based on the collection rate for the Fiscal Year ended June 30, 2000.
SECTION VI, SPECIAL AUTHORIZATION - BUDGET OFFICER
The Budget Officer shall be authorized to reallocate departmental appropriations among the various objects of expenditures as (s)he believes necessary. Such changes shall be reported to the Finance Officer immediately, and to the Governing Body at the next regular meeting or on the next succeeding monthly budget transfer report.
The Budget Officer shall be authorized to make interdepartmental transfers, in the same fund, not to exceed 10% of the appropriated monies for the department whose allocation is reduced. Notation of all such transfers shall be made to the Board of Commissioners at the next regular meeting or on the next succeeding monthly budget transfer report.
SECTION VII, RESTRICTION - BUDGET OFFICER
The use of any contingency appropriations shall be accomplished only with prior authorization from the Board of Commissioners.
No salary increases, beyond those set forth in the budget document may be made without Board approval.
The use of appropriations established for Capital Reserve may be accomplished only with the approval of the Board.
Interfund Transfers, not established in the budget document, may be accomplished only with prior authorization from the Board.
SECTION VIII, UTILIZATION OF BUDGET AND BUDGET ORDINANCE
This Ordinance and the Budget Document shall be the basis of the financial plan for the Town of Nags Head, North Carolina Municipal Government during the 2000-2001 Fiscal Year. The Budget Officer shall administer the Budget and (s)he shall insure that operating officials are provided guidance and sufficient details to implement their appropriate portion of the Budget. The Accounting Section shall establish records which are in accordance with the Budget and this Ordinance and the appropriate statutes of the State of North Carolina.
ADOPTED THIS 4TH DAY OF APRIL, 2001
ROBERT W. MULLER, MAYOR
ATTEST:
Carolyn F. Morris, Town Clerk
Motion to Adopt by Commissioner
Motion Seconded by Commissioner
Vote: Ayes Noes
Recorded in Minute Book , Page
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