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<br />The following table shows the County-wide levy and the levies by the County on behalf of the
<br />special school districts and the special fire districts for the fiscal years ended or ending June 30:
<br />2007 200 009 2 101
<br />County-wide $109,874,607
<br />Special School District 14,871,669
<br />Special Fire Districts 2,559.638
<br />Total Levy $127,305,914
<br />lEstimated.
<br />TAX COLLECTIONS
<br />Fiscal Year Eaded Prior Years'
<br />or Endine June 30 Levies Collected
<br />$119,509,712 $128,249,751 $131,867,043
<br />16,325, 707 18,600,932 18, 721, 785
<br />2.771.387 3.010.335 3,139,248
<br />$138,606,806 $149,861,018 $153,728,076
<br /> Percentage of
<br />Current Year's Current Year's
<br />Total Lew Collected Tot al Lew Collected
<br />2006 $ 954,076 $ 99,271,419 98.90%
<br />2007 1,053,864 110,014,826 98.96
<br />2008 984, 746 117,907,855 98.69
<br />20091 1,061,492 126,650,331 98.75
<br />lUnaudited.
<br />TEN LARGEST TAXPAYERS FOR FISCAL YEAR 2008-09
<br />Name
<br />Duke Energy Company
<br />VAC Limited Partnership
<br />US CT LLC
<br />Piedmont Electric
<br />Membership Corporation
<br />Blue Cross and Blue Shield
<br />of North Carolina
<br />Corium LLC
<br />Madison University Mall LLC
<br />Bell South Telephone and
<br />Telegraph Company
<br />Europa Center
<br />DDRM Meadowmont
<br />2009-10 Budget Commentary
<br /> Assessed Percentage of
<br />Tvpe of Enterprise Valuation Assessed Value
<br />Public Utility $ 89,524,645 .70%
<br />Apartment Rental 62,702,256 .49
<br />Property Owners Trust 50,120,115 .39
<br />Public Utility 46,539,477 .36
<br />Health Insurance 36,432,449 .28
<br />Health Insurance 32,584,496 25
<br />Retail Outlet 32,336,426 .25
<br />Public Utility 31,052,192 .24
<br />Hotel and Office Rental 27,031,431 .21
<br />RentallResidental 22.577,932 .18
<br /> $430,901,419 3.36%
<br />Ad valorem tax collections through June 2009 for real property were approximately 98% of the
<br />levy which is on target with budget expectations. Motor Vehicle tax collections were coming in under
<br />budget estimates. Other revenues came in under budget due to the downturn in the economy. Ex-
<br />penditures were slightly lower than normal at approximately 96% of budget. There was million ap-
<br />propriated from fund balance in the original budget as well as a significant appropriation of fund
<br />balance during the year. The FYE 2009 Unreserved Fund Balance dropped by $4.8 million from the
<br />FYE 2008 amount to $21 million which is 11.6% of FYE 2009 expenditures. Since there was no ap-
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