Town Budget
BUDGET ORDINANCE
FISCAL YEAR 2010-2011
BE IT ORDAINED by the Board of Commissioners of the Town of Snow Hill, North Carolina:
Section 1: The following amounts are hereby appropriated in the General Fund for the operation of Town Government and its activities for the fiscal year beginning July 1, 2010, and ending June 30, 2011, in accordance with the departments heretofore established for the Town of Snow Hill:
Section 2: It is estimated that the following revenues will be available in the General Fund for the fiscal year beginning July 1, 2010, and ending June 30, 2011:
Section 3: The following amounts are hereby appropriated in the Water/Sewer Fund for the operation of water and sewer utilities for the fiscal year beginning July 1, 2010 and ending June 30, 2011 in accordance with the departments heretofore established by the Town of Snow Hill.
Section 4: There is hereby levied a tax at the rate of __thirty-five____ ($0.35) cents per one hundred dollars ($100) valuation of property as listed for taxes as of January 1, 2010, for the purpose of raising the revenues listed as “Current Year’s Property Taxes” in the General Fund in Section 2 of this ordinance. Vehicle Tax revenue is listed as a separate line item. This rate is based on an estimated total valuation of property for the purpose of taxation.
Section 5: The Finance Officer is hereby authorized to transfer appropriations within a fund as contained herein under the following conditions:
Section 6: May transfer amounts between objects of expenditure within a department without limitation and without a report being required.
Section 7: May transfer amounts up to $1,000.00 between departments of the same fund with an official report on such transfers at the next regular meeting of the Board of Commissioners.
Section 8: May not transfer any amounts between funds nor from any contingency appropriation within any fund without the provision of a Board approved Budget Amendment.
Section 9: The total budget for the fiscal year beginning July 1, 2010 and ending June 30, 2011 is $1,961,240.