Stokesdale
Town Hall
8325 Angel Pardue Road
P. O. Box 465
Stokesdale, NC 27357
Office Hours:
Tuesday - Friday
8:30 am - 2:30 pm
PARK HOURS:
Open Daily
7:00 am - 6:00 pm
Phone:
336-643-4011
Fax:
336-643-4016
Carolyn L. Joyner
Town Clerk/Finance Officer
TOWN OF STOKESDALE
BUDGET ORDINANCE #69
FISCAL YEAR 2008-2009
| BE IT ORDAINED by the Governing Board of the Town of Stokesdale, North Carolina: | |||||||||
| Section 1: The following amounts are hereby appropriated in the General Fund for the operation | |||||||||
| of the Town government and its activities for the fiscal year beginning July 1, 2008, and ending June 30, | |||||||||
| 2009, in accordance with the chart of accounts heretofore established for this Town: | |||||||||
| General Government | $108,800.00 | ||||||||
| Capital Outlays | $125,000.00 | ||||||||
| Cultural & Recreational | $3,350.00 | ||||||||
| Public Safety | $94,500.00 | ||||||||
| Economic & Physical Development | $37,250.00 | ||||||||
| Transportation | $3,000.00 | ||||||||
| Undesignated Fund Balance | $600.00 | ||||||||
| $372,500.00 | |||||||||
| Section 2: It is estimated that for the following revenues will be available in the General Fund for | |||||||||
| the fiscal year beginning July 1,2008 , and ending June 30, 2009: | |||||||||
| Beer & Wine Excise Tax | $16,000.00 | ||||||||
| Franchise Tax | $195,000.00 | ||||||||
| Cable Franchise Fees | $5,500.00 | ||||||||
| ABC Profit Share | $7,000.00 | ||||||||
| Contributions & Donations | $1,000.00 | ||||||||
| Hold Harmless/Repealed Local Taxes | $1,000.00 | ||||||||
| Planning Fees | $17,000.00 | ||||||||
| Interest on Investments | $130,000.00 | ||||||||
| $372,500.00 | |||||||||
| Section 3: The following amounts are hereby appropriated in the Water Sewer Fund for the fiscal | |||||||||
| year beginning July 1, 2008, and ending June 30, 2009 in accordance with the chart of accounts heretofore | |||||||||
| approved for the Town: | |||||||||
| Unappropriated Fund Balance | $19,000.00 | ||||||||
| $19,000.00 | |||||||||
| Section 4: It is estimated that the following revenues will be available in the Water Sewer Fund | |||||||||
| the fiscal year beginning July 1, 2008 , and ending June 30, 2009: | |||||||||
| Investment Earnings | $19,000.00 | ||||||||
| TOTAL | $19,000.00 | ||||||||
| Section 5. The following amounts are appropriated in the Water Enterprise Fund for the fiscal year | |||||||||
| beginning July 1, 2008 and ending June 30, 2009: | |||||||||
| Administrative | $39,700.00 | ||||||||
| Maintenance | $29,300.00 | ||||||||
| Water Purchase | $110,000.00 | ||||||||
| Capital Reserve | $0.00 | ||||||||
| $179,000.00 | |||||||||
| Section 6. It is estimated that the following revenues will be available in the Water Enterprise Fund | |||||||||
| for the fiscal year beginning July 1, 2008 and ending June 30, 2009: | |||||||||
| Taps and Connections Fees | $15,000.00 | ||||||||
| Investment Income | $7,700.00 | ||||||||
| Miscellanous Income | $1,500.00 | ||||||||
| Water Sales | $153,000.00 | ||||||||
| Late Fees | $1,800.00 | ||||||||
| $179,000.00 | |||||||||
| Section 7. The following designated reserve funds are held in the Account Fund Balance and are | |||||||||
| herewith re-budgeted as authorized appropriations in the 2008 - 2009 Fiscal Year. Proposed specific | |||||||||
| expenditures of any of these said designated reserve funds must first be approved by Town Council, if not | |||||||||
| already specifically authorized, before being committed for expenditure. | |||||||||
| Conservation: Open Space/Conservation Rights | $39,000.00 | ||||||||
| Town Hall - Future Planning | $815,000.00 | ||||||||
| Patrol Car Reserve | $21,000.00 | ||||||||
| DESIGNATED RESERVES - GENERAL FUND | $875,000.00 | ||||||||
| Water/Sewer Fund Reserves | $766,000.00 | ||||||||
| TOTAL - ALL DESIGNATED RESERVES | $1,641,000.00 | ||||||||
| Section 8: Copies of this budget Ordinance shall be furnished to the Clerk of the Governing Board | |||||||||
| and to the Budget Officer and Finance Officer to be kept on file by them for their direction in the | |||||||||
| disbursement of funds. | |||||||||
| Adopted this 19th day of June, 2008. | |||||||||
| ________________________________________________ | |||||||||
| Mayor Randle L. Jones | |||||||||
| ATTEST: | |||||||||
| ______________________________________ Town Clerk | |||||||||
| Carolyn Joyner | |||||||||