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Budget

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 BUDGET ORDINANCE
FISCAL YEAR 2018-2019

BE IT ORDAINED by the Town Board of Commissioners of the Town of Mocksville, North Carolina, that the following fund revenues and departmental expenditures together with certain restrictions and authorizations are adopted this 5th day of June, 2018.

SECTION I. GENERAL FUND

  1. Anticipated Revenue
DMV Prior Years Tax 1,000.00
Prior Years Tax Interest 5,000.00
Prior Years Tax 5,000.00
Previous Yr Tax 25,000.00
Current Year Vehicle Tax 100,000.00
Current Year Tax Interest 100.00
Rental Vehicle Tax 700.00
Current Year Tax 2,500,000.00
Vehicle Tax 150,000.00
Interest on Investments 2,500.00
E.U. Red Leg Interest 1,000.00
Occupancy Tax 45,000.00
Farmers Market 2,500.00
Miscellaneous Fund 6,000.00
Cemetery 20,500.00
Beer & Wine Tax 24,000.00
Franchise Tax 465,000.00
Sales & Use Tax Refund 25,000.00
Recycle Fees 1,000.00
Rental Income 5,000.00
Code Enforcement/Civil Penalty 1,000.00
Arrest Fees 1,500.00
Powell Bill Interest 100.00
Powell Bill Revenue 160,000.00
Local Sales & Use Tax 1% 850,000.00
DC Sales Tax H-H 300,000.00
Sale of Assets 3,000.00
Landfill Fees – Residential 160,000.00
Solid Waste Disp. Tax 3,000.00
Ornament Sales 2,500.00
Park Rental Income 6,000.00
Rural Fire Protection –  Davie County 390,000.00
Fund Balance 959,688.00
   
Total 6,221,088.00

 

 

Expenditures by Department

Governing Body 56,000.00
Administration 437,050.00
Contracts / Special Projects 538,451.00
CDC- Downtown 151,625.00
Zoning 61,800.00
Parks 792,000.00
Police 1,872,200.00
Fire 643,562.00
Street 720,300.00
Powell Bill 160,000.00
Sanitation 233,000.00
Non-Departmental 555,100.00
   
Total 6,221,088.00

 

SECTION II. UTILITY FUND

  1. Revenues by Department
Interest on Investments 1,500.00
Fire Services 85,000.00
Reimb. Asset Inventory Water 75,000.00
Reimb. Asset Inventory Sewer 75,000.00
Miscellaneous 2,000.00
Sales & Use Tax Refund 25,500.00
Water Sales 1,475,000.00
Sewer Sales 1,425,000.00
Water Connections 20,000.00
Sewer Connections 20,000.00
Reconnection Fees 4,000.00
Late/Penalty Wt/Sw Bills 50,000.00
Fund Balance 50,000.00
   
Total 3,308,000.00

 

 

 

Expenditures by Department

Capital Project 600,000.00
Non-Departmental 105,000.00
Water Department 1,144,100.00
Sewer Department 1,458,900.00
   
Total 3,308,000.00

 

SECTION IV.  TOTAL GENERAL AND UTILITY BUDGET

            Total General and Utility Budget for 2018-2019 are balanced at $9,529,088.

SECTION V. TAX RATE ESTABLISHED

An ad valorem tax rate of .29 per $100 at full valuation is hereby established as the official tax rate of Mocksville for the fiscal year 2018-2019.

(c) General Motor Vehicle Tax imposed; Scope

Each motor vehicle which is sited within the Town of Mocksville on January 1st, the required registration renewal date, or its first registration date, beginning with a tag renewal date   of July 1, 2018, shall be subject to an annual general motor vehicle tax of ($30.00) dollars. The   tax shall continue until rescinded in writing by the Town Board of Commissioners of the Town of Mocksville.