AN ORDINANCE CONCERNING APPROPRIATIONS AND THE RAISING OF REVENUE FOR THE FISCAL YEAR BEGINNING JULY 1, 2005 (2005-06-27/O-3a)
BE IT ORDAINED by the Council of the Town of Chapel Hill, the following appropriations are hereby made:
ARTICLE I
GENERAL FUND
Department Department Total
Mayor/Council 335,366
Town Manager/Town Clerk 1,148,746
Human Resources 641,809
Finance 1,068,397
Information Technology 841,826
Legal 256,414
Planning 1,043,076
Inspections 750,389
Engineering 992,349
Public Works 10,973,426
Police 10,490,472
Fire 5,917,471
Parks and Recreation 2,394,950
Library 2,065,938
Non-Departmental 7,433,371
GENERAL FUND TOTAL 46,354,000
OTHER FUNDS
Transportation Fund 12,255,300
Transportation Capital Reserve Fund 834,808
Debt Service Fund 4,817,200
Vehicle Replacement Fund 2,869,600
Fleet Maintenance Fund 921,957
Computer Replacement Fund 346,000
Public Housing Fund 1,600,750
Housing Loan Trust Fund 90,080
On-Street Parking Fund 596,660
Off-Street Parking Facilities Fund 1,292,970
Cablevision Public Access Fund 100,000
Library Gift Fund 90,000
Capital Improvements Fund 1,176,000
Downtown Service District Fund 70,000
Stormwater Management Fund 1,638,930
Grants Fund 207,257
TOTAL ALL FUNDS 75,261,512
ARTICLE II
It is estimated that the following revenues will be available during the fiscal year beginning July 1, 2005 and ending June 30, 2006 to meet the foregoing appropriations. It is determined that where estimated revenues are higher than the previous year, the increases were warranted.
Property Taxes 25,005,280
Other Taxes & Licenses 1,047,000
State-Shared Revenues 12,787,400
Grants 424,432
Charges for Services 1,674,959
Licenses/Permits/Fines 1,584,350
Interest on Investments 131,200
Other Revenues 323,500
Transfers/Other Sources 1,860,886
Fund Balance Appropriated 1,514,993
Transportation Fund 12,255,300
Transportation Capital Reserve Fund 834,808
Debt Service Fund 4,817,200
Vehicle Replacement Fund 2,869,600
Fleet Maintenance Fund 921,957
Computer Replacement Fund 346,000
Public Housing Fund 1,600,750
Housing Loan Trust Fund 90,080
On-Street Parking Fund 596,660
Off-Street Parking Facilities Fund 1,292,970
Cablevision Public Access Fund 100,000
Library Gift Fund 90,000
Capital Improvements Fund 1,176,000
Downtown Service District Fund 70,000
Stormwater Management Fund 1,638,930
Grants Fund 207,257
TOTAL ALL FUNDS 75,261,512
ARTICLE III
There is hereby levied the following tax on each one hundred dollars ($100) valuation of taxable property, located within the Town of Chapel Hill, as listed for taxes as of January 1, 2005 for the purpose of raising revenue from property tax as set forth in the foregoing estimates of revenues, and in order to finance the foregoing appropriations.
General Fund
(for the payment of expenses of
the Town of Chapel Hill) $0.474/$100
Transportation Fund
(for the payment of expenses related to
transportation approved by referendum) $0.048/$100
TOTAL $0.522/$100
ARTICLE IV
There is hereby levied the following tax on each one hundred dollars ($100) valuation of taxable property located in the Downtown Revitalization Municipal Service District established by the Town Council's resolution of June 12, 1989:
Downtown Service District Fund $0.053/$100
This the 27th day of June, 2005.