1975-06-30 SpM Exhibits
T,-
NEW HANOVER COUNTY, NORTH CAROLINA
1975-1976 BUDGET ORDINANCE
Be it ordained by the Board of Commissioners of New Hanover County, N C , in regular
session assembled
Section 1 The following amounts are hereby appropriated for the operation of New
Hanover County government and its activities for the fiscal year beginning
July 1, 1975, and ending June 30, 1976, according to the f ollowing summary
and schedules
Estimated Fund Balance Total
SUMMARY Revenues Appropriated Budget Appropriations
General Fund $ 5,490,872 $ -0- $5,490,872 $ 5,490,872
Non-Tax Fund 2,338,600 100,000 2,438,600 2,438,600
Court of Justice Fund 42,000 10,000 52,000 52,000
Debt Service Fund 1,644,086 335,000 1,979,086 1,979,086
Airport Operating Fund 482,997 ( 62,037) 420,960 420,960
Public Assistance Fund 2,445,440 -0- 2,445,440 2,445,440
Public Health Fund 847,958 192,947 1,040,905 1,040,905
Mental Health Fund 349,432 ( 176,820) 172,612 172,612
Public Schools
Regular Fund 4,003,229 200,000 4,203,229 4,203,229
Supplementary Fund 1,156,030 20,000 1,176,030 1,176,030
Textbook Fund 72,580 -0- 72,580 72,580
Capital Outlay Fund 222,225 -0- 222,225 222,225
Special Accounts Fund 1,493,513 394,100 1,887,613 1,887,613
Pensions Fund 422,722 -0- 422,722 422,722
Cape Fear Technical
Institute Operating Fund 144,661 5,000 149,661 149,661
Revenue Sharing Fund 1,197,028 -0- 1,197,028 1,197,028
Cape Fear Technical Insti-
tute Construction Fund 190,000 -0- 190,000 190,000
Courthouse and Jail Con-
struction Fund 1,252,028 1,632,823 2,884,851 2,884,851
Water and Sewer Fund 307,286 240,000 547,286 547,286
Public Schools Con-
struction Fund 90,000 3,610,000 3,700,000 3,700,000
Memorial Hospital Con-
struction Fund -0- 444,327 444,327 444,327
Reappraisal Reserve Fund 3,000 -0- 3,000 3,000
Public Schools Capital
Reserve Fund 53,621 30,000 83,621 83,621
General Capital Reserve Fund 13,100 310,000 323,100 323,100
Total Budget $ 24,262,408 $ 7,285,340 $31,547,748 $ 31,547,748
Section 2 That for said fiscal year there is hereby appropriated out of the General Fund
the following
Code Department Appropriation
11 410 Governing Body $ 55,020
11 420 Administration 53,563
11 430 Elections 63
089
11 440 Finance ,
80
044
lI 445 Contingencies ,
220
262
11 450 Tax Listing and Collecting ,
372 028
11 470 Legal 45
000
11 480 Register of Deeds ,
150
856
11 490 Planning and Zoning ,
86 711
11 510 Sheriff - Operating 940 850
11 512 Sheriff - Crime Prevention 13
686
11 513 Sheriff - Juvenile Unit ,
27
572
11 520 Sheriff - Jail ,
203
765
11 522 Juvenile Services ,
135
799
11 525 Civil Preparedness ,
22
652
11 535 Buildings and Grou nds ,
219
624
11 540 Inspections ,
270
284
11 555 Garage ,
97
731
11 600 Coroner ,
20,946
11 610 Social Services 1,279,084
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Code Department
11 615 Agriculture and Economics
11 625 Museum
11 660 Non-Departmental
Total Appropriations -
General Fund
Section 3 It is estimated that the following General Fund
during the fiscal year beginning July 1, 1975,
meet the foregoing General Fund appropriations
Appropriation
$ 56,830
84,916
990,560
$ 5,490,872
revenues will be available
and ending June 30, 1976, to
Code Revenue Source Amount
11 301 00 Taxes - Ad Valorem - 1975 $ 1,418,016
11 301 01 Taxes - Ad Valorem - 1974 5,500
11 301 02 Taxes - Ad Valorem - 1973 3,305
11 301 03 Taxes - Ad Valorem - Prior 4,700
11 317 00 Tax Penalties and Interest 53,000
11 318 00 Tax Advertising Fees 8,000
11 325 00 Privilege Licenses 20,000
11 329 00 Interest on Investments 48,495
11 331 00 Rents and Concessions 52,400
11 335 00 Miscellaneous Revenues 40,000
11 336 00 Assessments - Other Governments 42,649
11 339 00 Intangibles Tax 52,899
11 348 00 Sheriff Fees 19,000
Federal Government Grants
11 349 O1 I D Unit 5,367
11 349 02 Crime Prevention 11,575
11 349 04 Training 4,000
11 349 05 Drug Squad 25,000
11 349 11 Bureau of Outdoor Recreation 25,000
11 349 14 Group Care Home 19,868
Il 349 16 Juvenile Unit 24,648
State Grants:
11 350 01 I D Unit 298
11 350 OZ Crime Prevention 642
11 350 08 County Welfare Administration 876,315
11 350 09 Food Stamps 6,000
11 350 14 Group Care Home 1,068
11 350 15 Emergency Job Project 113,596
11 350 16 Juvenile Unit 1,369
11 350 19 Coastal Area Management Act 11,500
11 350 20 701 Planning 7,200
11 351 00 Court Costs, Fees, and Charges 13,000
11 357 00 Inspection Fees 77,500
11 358 00 Jail Fees 11,000
11 359 00 Juvenile Evaluation Fees 5,000
11 359 02 Animal Control Fees and Licenses 39,500
11 367 O1 State Sales Tax Refunds 21,000
11 367 02 State Gasoline Tax Refunds 8,500
11 380 00 Sale of Fixed Assets 4,000
11 397 16 Transfer from Non-Tax 2,347,262
11 397 17 Transfer from Court of Justice 30,000
11 397 31 Transfer from Airport Operating 20,800
11 349 10 Federal Grants Civil Preparedness 11 900
Total Revenues - General Fund $ 5,490,872
Section 4 For said fiscal year there is hereby appropriated out of the Non-
Tax Fund the sum of 2
438
600
$
,
,
Section 5 It is estimated that the following Non-Tax Fund revenues will be
available during the fiscal year beginning July 1, 1975, and ending
June 30, 1976, to meet the foregoing Non-Tax Fund appropriations
Code Revenue Source Amount
16 329 00 Interest on Investments $ 5,500
16 331 00 Rents and Concessions 600
16 341 00 Wine and Beer Tax 105,000
16 342 00 Register of Deeds Fees 130,000
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Code
Revenue Source
Amount
16 345 00 Local Sales Tax $ 1,815,500
16 347 00 A B C Revenues 200,000
16 353 00 Fees - Municipal Tax Collections 77,000
16 380 00 Sale of Fixed Assets 5,000
Total Revenues - Non-Tax Fund $ 2,338,600
Section 6 For said fiscal year there is hereby appropriated out of the Court of
Justice Fund the following
Code
17 471
17 516
17 630
Section 7
Department
District Attorney
Clerk of Court
Law Library
Total Appropriations-
It is estimated that Court of
and charges will be available
and ending June 30, 1976, to
ations in the amount of
Appropriation
$ 10,008
33,382
8,610
Court of Justice Fund $ 52,000
Justice Fund revenues from Court Costs, Fees,
during the fiscal year beginning July 1, 1975,
neet the foregoing Court of Justice appropri-
$ 42, 000
Section 8 For said fiscal year there is hereby appropriated out of the Debt Service
Fund the following
Code Object of Expenditure Appropriation
21 575 81 Principal on Bonds $ 963,000
21 575 82 Interest on Bonds 1,003,086
21 575 88 Bond Expense 13,000
Total Appropriations - Debt Service Fund $ 1,979,086
Section 9 It is estimated that the following Debt Service Fund revenues will be avail-
able during the fiscal year beginning July 1, 1975, and ending June 30, 1976,
to meet the foregoing Debt Service Fund appropriations
Code Revenue Source Amount
21 301 00 Taxes - Ad Valorem - 1975 $ 1,525,590
21 301 01 Taxes - Ad Valorem - 1974 12,533
21 301 02 Taxes - Ad Valorem - 1973 5,481
21 301 03 Taxes - Ad Valorem - Prior 12,000
21 329 00 Interest on Investments 20,000
21 331 00 Rents and Concessions 18,000
21 339 00 Intangibles Tax 50,482
Total Revenues - Debt Service Fund $ 1,644,086
Section 10 For said fiscal year there is hereby appropriated out of the Airport Oper-
ating Fund the sum of $ 420,960
Section 11 It is estimated that the following Airport Operating Fund revenues will be
available during the fiscal year beginning July 1, 1975, and ending June
30, 1976, to meet the foregoing Airport Operating Fund appropriations
Code Revenue Source Amount
31 331 00 Rents and Concessions
31 333 01 Landing Fees
31 333 02 Aviation Gasoline
31 333 04 Miscellaneous Income
Federal Government Grants
31 349 O1 ADAP - O1 Project
31 349 02 ADAP - 02 Project
31 349 06 Other - Radar Building
31 367 00 Tax Refunds - State
31 397 16 Transfer from Non-Tax Fund
31 329 00 Interest on Investments
Total Revenues - Airport Operating Fund
$ 138,100
44,000
23,500
1,000
74,800
132,020
15,000
400
53,177
1,000
$ 482.997
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Section 12 For said fiscal year there is hereby appropriated out of the Public
Assistance Fund the sum of $ 2,445,440
Section 13 It is estimated that the following Public Assistance Fund revenues will
be av ailable during the fiscal year beginning July 1, 1975, and ending
June 30, 1976, to meet the foregoing Public Assistance Fund appropria-
tions
Code Revenue Source Amount
41 301 00 faxes - Ad Valorem - 1975 $ 402,249
41 301 O1 Taxes - Ad Valorem - 1974 4,000
41 301 02 Taxes - Ad Valorem - 1973 1,880
41 301 03 Taxes - Ad Valorem - Prior 4,500
41 329 00 Interest on Investments 1,400
41 339 00 Intangibles Tax 13,291
41 350 03 State Public Assistance - AFDC 1,850,688
41 350 04 State General Assistance 125,000
31 350 08 State Public Assistance - Other 2,000
31 350 09 Child Welfare Services 40,432
Total Revenues - Public Assistance Fund $ 2,445,440
Section 14 For the said fiscal year there is hereby appropriated out of the Public
Health Fund the sum of $ 1,040,905
Section 15 It is estimated that the following Public Health Fund revenues will be
available during the fiscal year beginning July 1, 1975, and ending June
30, 1976, to meet the foregoing Public Health Fund appropriations
Code Revenue Source Amount
44 301 00 Taxes - Ad Valorem - 1975 $ 437,912
44 301 01 Taxes - Ad Valorem - 1974 4,600
44 301 02 Taxes - Ad Valorem - 1973 3,125
44 301 03 Taxes - Ad Valorem - Prior 5,800
44 329 00 Interest on Investments 8,000
44 339 00 Intangibles Tax 15,649
44 359 00 Fees - Other 16,000
44 361 13 School Health Program 13,348
44 361 14 Dental Project 7,369
44 368 01 Orientation Reimbursement 500
44 368 02 U N.C Chapel Hill 9,215
44 368 03 Federal and State Grants 85,616
44 368 04 Special Clinic Fees - State 5,000
44 368 05 Drainage - Mosquito Control - State 48,000
44 368 06 Insect and Rodent Control - State 7,000
44 368 07 T B Control - State 12,852
44 368 08 V D Control - State 4,000
44 368 09 Medicare and Medicaid 48,000
44 368 10 Family Planning - Region "0" 59,997
44 368 11 Maternal, Child Health - State 55,975
Total Revenues - Public Health Fund $ 847,958
Section 16 For said fiscal year there is hereby appropriated out of the Mental
Health Fund the sum of $ 172,612
Section 17 It is estimated that the following Mental Health Fund revenues will be
available during the fiscal year beginning July 1, 1975, and ending June
30, 1976, to meet the foregoing Mental Health Fund appropriations
Code Revenue Source Amount
47 301 00 Taxes - Ad Valorem - 1975 $ 97,636
47 301 01 Taxes - Ad Valorem - 1974 450
47 301 02 Taxes - Ad Valorem - 1973 250
47 301 03 Taxes - Ad Valorem - Prior 300
47 329 00 Interest on Investments 300
47 331 00 Rents and Concessions 7,500
47 339 00 Intangibles Tax 3,566
47 341 00 A B C Bottle Charges 57,000
47 349 01 State Grants 182,430
Total Revenues - Mental Health Fund $ 349,432
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Section 18 For said fiscal year there is hereby appropriated out of the Public
Schools Regular Fund the following
Code Department Appropriation
52 660 General Control $ 389,036
52 660 Instructional Services 1,678,041
52 660 Operation of Plant 753,580
52 660 Maintenance of Plant 573,700
52 660 Fixed Charges 489,022
52 660 Auxiliary Charges 167,280
52 660 Other Expenditures 152,570
Total Appropriations -
Public Schools Regular Fund
$ 4,203,229
Section 19 It is estimated that the following Public Schools Regular Fund revenues
will be available during the fiscal year beginning July 1, 1975, and
ending June 30, 1976, to meet the foregoing Public Schools Regular Fund
appropriations
Code Revenue Source
52 301 75 Taxes - Ad Valorem - 1975
52 301 74 Taxes - Ad Valorem - 1974
52 301 73 Taxes - Ad Valorem - 1973
52 301 00 Taxes - Ad Valorem - Prior
52 329 00 Interest on Investments
52 339 00 Intangibles Tax
52 349 00 Federal Funds
52 349 01 State Funds
52 381 00 Yard Sales and Damages
52 399 00 Fines and Forfeitures
Senior High Athletics Gate
Total Revenues -
Public Schools Regular Fund
Amount
$ 2,839,857
18,000
7,000
5,500
35,180
95,542
51,431
639,719
1,000
280,000
30,000
$ 4,003,229
Section 20 For the said fiscal year there is hereby appropriated out of the Public
Schools Supplementary Fund the sum of $ 1,176,030
Section 21 It is estimated that the following Public Schools Supplementary Fund reve-
nues will be available during the fiscal year beginning July 1, 1975, and
ending June 30, 1976, to meet the foregoing Public Schools Supplementary
Fund appropriations
Code Revenue Source Amount
52 301 75 Taxes - Ad Valorem - 1975 $ 1,000,748
52 301 74 Taxes - Ad Valorem - 1974 8,000
52 301 73 Taxes - Ad Valorem - 1973 4,000
52 301 00 Taxes - Ad Valorem - Prior 5,000
52 339 00 Intangibles Tax 34,097
52 349 00 Federal Funds 90,000
52 349 O1 State Funds 2,000
52 329 00 Interest on Investments 12,185
Total Revenues -
Public Schools Supplementary Fund $ 1,156,030
Section 22 For said fiscal year there is hereby appropriated out of the Public Schools
Textbook Fund the sum of
$ 72,580
Section 23; It is estimated that the following Public Schools Textbook Fund revenues
will be available during the fiscal year beginning July 1, 1975, and ending
June 30, 1976, to meet the foregoing Public Schools Textbook Fund appro-
priations
Code Revenue Source Amount
52 301 75 Taxes - Ad Valorem - 1975 $ 68,670
52 301 74 Taxes - Ad Valorem - 1974 200
52 301 73 Taxes - Ad Valorem - 1973 100
52 301 00 Taxes - Ad Valorem - Prior 100
-5-
Code Revenue Source Amount
52 339 00 Intangibles Tax $ 2,210
52 329 00 Interest on Investments 800
Textbook Fines and Sales 500
Total Revenues -
Public Schools Textbook Fund $ 72,580
Section 24 For said fiscal year there is hereby appropriated out of the Public Schools
Capital Outlay Fund the sum of $ 222,225
Section 25 It is estimated that the following Public Schools Capital Outlay Fund reve-
nues will be available during the fiscal year beginning July 1, 1975, and
ending June 30, 1976, to meet the foregoing Public Schools Capital Outlay
Fund appropriations
Code Revenue Source Amount
52 301 75 Taxes - Ad Valorem - 1975 $ 211,207
52 301 74 Taxes - Ad Valorem - 1974 1,500
52 301 73 Taxes - Ad Valorem - 1973 500
52 301 00 Taxes - Ad Valorem - Prior 500
52 329 00 Interest on Investments 1,475
52 339 00 Intangibles Tax 7,043
Total Revenues -
Public Schools Capital Outlay Fund
$ 2.22, 225
Section 26 For said fiscal year there is hereby appropriated out of the Public Schools
Special Accounts Fund the sum of $ 1,887,613
Section 27 It is estimated that the following Public Schools Special Accounts Fund
revenues will be available during the fiscal year beginning July 1, 1975,
and ending June 30, 1976, to meet the foregoing Public Schools Special
Accounts Fund appropriations:
Code
Revenue Source
Amount
52 331 00 Rents and Concessions
52 349 O1 State Funds
52 349 00 Federal Funds
52 329 00 Interest on Investments
Total Revenues -
Public Schools Special Accounts Fund
$ 7,603
1,464,363
19,052
2,495
$ 1,493,513
Section 28 For said fiscal year there is hereby appropriated out of the Public Schools
Pension Fund the sum of $ 422,722
Section 29 It is estimated that the following Public Schools Pension Fund revenues
will be available during the fiscal year beginning July 1, 1975, and end-
ing June 30, 1976, to meet the foregoing Public Schools Pension Fund ap-
propriations
Code Revenue Source Amount
52 391 00 Taxes - Ad Valorem - 1975 $ 406,948
52 301 O1 Taxes - Ad Valorem - 1974 2,000
52 301 02 Taxes - Ad Valorem - 1973 _0_
52 301 03 Taxes - Ad Valorem - Prior 100
52 339 00 Intangibles Tax 13,674
Total Revenues -
Public Schools Pension Fund $ 422,722
Section 30 For said fiscal year there is hereby appropriated out of the Cape Fear
Technical Institute Operating Fund the sum of $ 149,661
Section 31 It is estimated that the following Cape Fear Technical Institute Operating
Fund revenues will be available during the fiscal year beginning July 1,
1975, and ending June 30, 1976, to meet the foregoing Cape Fear Technical
Institute Operating Fund appropriations
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Code Revenue Source Amount
Taxes - Ad Valorem - 1975 $ 135,324
Taxes - Ad Valorem - 1974 870
Taxes - Ad Valorem - 1973 450
Taxes - Ad Valorem - Prior 700
Interest on Investments 800
Intangibles Tax 4,597
State Reimbursement 1,248
Driver Education Fees 672
Total Revenues -
Cape Fear Technical Institute
Operating Fund $ 14 4,661
Section 32 For said fiscal year there is hereby appropriated out of the Revenue
Sharing Trust Fund the sum of $ 1,197,028
Section 33 It is estimated that Revenue Sharing Trust Fund revenues from Federal
Government Grants will be available during the fiscal year beginning
July 1, 1975, and ending June 30, 1976, to meet the foregoing Revenue
Sharing Trust Fund appropriations in the amount of $ 1,197,028
Section 34 For said fiscal year there is hereby appropriated out of the Cape Fear
Technical Institute Construction Fund the sum of $ 190,000
Section 35 It is estimated that the following Cape Fear Technical Institute Con-
struction Fund revenues will be available during the fiscal year be-
ginning July 1, 1975, and ending June 30, 1976, to meet the foregoing
Cape Fear Technical Institute Construction Fund appropriations
Code Revenue Source Amount
61 301 02 Taxes - Ad Valorem - 1973 $ 300
61 301 03 Taxes - Ad Valorem - Prior 500
61 336 00 Assessments - Other Government 189,200
Total Revenues -
Cape Fear Technical Institute
Construction Fund $ 190,000
Section 36 For said fiscal year there is hereby appropriated out of the Courthouse
and Jail Construction Fund the sum of $ 2,884,851
Section 37 It is estimated that the following Courthouse and Jail Construction Fund
revenues will be available during the fiscal year beginning July 1, 1975,
and ending June 30, 1976, to meet the foregoing Courthouse and Jail Con-
struction appropriations
Code
Revenue Source
Amount
63 329 00 Interest on Investments
63 397 56 Transfer from Revenue Sharing
63 349 00 Federal Grant
63 350 00 State Grant
Total Revenues -
Courthouse and Jail Construction Fund
$ 55,000
997,028
160,000
40,000
$ 1,252,028
Section 38 For said fiscal year there is hereby appropriated out of the Water and
Sewer Fund the sum of $ 547,286
Section 39 It is estimated that the following Water and Sewer Fund revenues will be
available during the fiscal year beginning July 1, 1975, and ending June
30, 1976, to meet the foregoing Water and Sewer Fund appropriations
Code
Revenue Source
Amount
$ 33,161
114,196
22,500
19,033
64 397 16 Transfer from Non-Tax Fund
Federal Grants
64 349 60 "201" Greater Wilmington
64 349 61 "201" South
State Grants
64 350 60 "201" Greater Wilmington
-7-
Code Revenue Source Amount
64 350 61 "201" South $ 3,750
64 350 62 Planning Advance 31,025
64 397 71 Transfer from Public School Cap Res 83,621
Total Revenues -
Water and Sewer Fund $ 307,286
Section 40 For said fiscal year there is hereby appropriated out of the Public
Schools Construction Fund the sum of $ 3,700,000
Section 41: It is estimated that the following Public Schools Construction Fund
revenues will be available during the fiscal year beginning July 1,
1975, and ending June 30, 1976, to meet the foregoing Public Schools
Construction Fund appropriations
Code Revenue Source Amount
65 329 00 Interest on Investments $ 90,000
Total Revenues -
Public Schools Construction Fund $ 90,000
Section 42 For said fiscal year there is hereby appropriated out of the Memorial
Hospital Construction Fund the sum of $ 444,327
Section 43 It is estimated that the following Memorial Hospital Construction Fund
revenues will be available during the fiscal year beginning July 1,
1975, and ending June 30, 1976, to meet the foregoing Memorial Hospital
Construction Fund appropriations $ _0_
Section 44 For said fiscal year there is hereby appropriated out of the Reappraisal
Reserve Fund the sum of $ 3,000
Section 45 Tt is estimated that the following Reappraisal Reserve Fund revenues will
be available during the fiscal year beginning July 1, 1975, and ending
June 30, 1976, to meet the foregoing Reappraisal Reserve Fund appropri-
ations
Code Revenue Source Amount
73 301 01 Taxes - Ad Valorem - 1974 $ 1,250
73 301 02 Taxes - Ad Valorem - 1973 850
73 301 03 Taxes - Ad Valorem - Prior 700
73 329 00 Interest on Investments 200
Total Revenues -
Reappraisal Reserve Fund
$ 3,000
Section 46 For said fiscal year there is hereby appropriated out of the Public Schools
Capital Reserve Fund the sum of $ 83,621
Section 47 It is estimated that the following Public Schools Capital Reserve Fund reve-
nues will be available during the fiscal year beginning July 1, 1975, and
ending June 30, 1976, to meet the foregoing Public Schools Capital Reserve
Fund appropriations
Code Revenue Source
Amount
74 301 00 Taxes - Ad Valorem 1975 $ 49,471
74 301 O1 Taxes - Ad Valorem 1974 2,000
74 301 02 Taxes - Ad Valorem 1973 300
74 301 03 Taxes - Ad Valorem Prior 200
74 339 00 Intangibles Tax 1,650
Total Revenues -
Public Schools Capital Reserve Fund $ 53,621
Section 48 For said fiscal year there is hereby appropriated out of the General Capital
Reserve Fund the sum of
$ 323,100
Section 49 It is estimated that the following General Capital Reserve Fund revenues
will be available during the fiscal year beginning July 1, 1975, and ending
June 30, 1976, to meet the foregoing General Capital Reserve Fund appro-
priations:
-8-
r
Code Revenue Source
76 301 01 Taxes - Ad Valorem 1974
76 301 02 Taxes - Ad Valorem 1973
76 329 00 Interest on Investments
Total Revenues -
General Capital Reserve Fund
Amount
$ 2,600
1,000
9,500
$ 13,100
Section 50 There is hereby levied for the fiscal year ending June 30, 1976, the
following rate of taxes on each one hundred dollars ($100) assessed
valuation of taxable property as listed as of January 1, 1975, for the
purpose of raising the revenues from current year's property tax as set
forth in the foregoing estimates of revenue, and in order to finance
foregoing appropriations
General Fund $ 0957
Debt Service Fund 1030
Public Assistance Fund 0271
Public Health 0296
Mental Health 0066
Public Schools
Regular Fund 1917
Supplementary Fund 0675
Textbook Fund 0046
Capital Outlay Fund 0143
Pensions 0275
Cape Fear Technical Institute Operating Fund 0091
Public Schools Capital Reserve Fund 0033
Tax Rate per one hundred dollars ($100) assessed valuation $ 5800
Such rates are based on an estimated total appraised value of property
for the purpose of taxation of $1,559,637,941 with an assessment ratio
of 100% of appraised value Estimated collection rate of 95% is based
on fiscal year 1973-1974 collection rate of 96 14%
Section 51 Copies of this Budget Ordinance shall be furnished to the County
Manager and the County Finance Officer of New Hanover County, North
Carolina, to be kept on file by them for their direction in the
collection of revenues and the expenditure of amounts appropriated
Adopted this 30th
day of
June
1975
~~-~~ ~
~~.
Peter R. Davis, Chairman
New Hanover Board of County Commisioners
ATTEST
~e K King, Clerk ~o the Board
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