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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 /> AM 2008 Im 20101
<br /> County-wide $109,874,607 $119,509,712 $128,249,751 $131,867,043
<br /> Special School District 14,871,669 16,325,707 18,600,932 18,721,785
<br /> Special Fire Districts 2.559.638 2.771.387 3.010335 3.139.248
<br /> Total Levy $127,305,914 $138,606,806 $149,861,018 $153,728,076
<br /> 'Estimated.
<br /> TAX COLLECTIONS
<br /> Percentage of
<br /> Fiscal Year Ended Prior Years' Current Year's Current Year's
<br /> Qr Eud:Lna June 30 Levies Collected Total Lew Collected Total Levy Collected
<br /> 2006 $ 954,076 $ 99,271,419 98.90°x6
<br /> 2007 1,053,864 110,014,826 98.96
<br /> 2008 984,746 117,907,855 98.69
<br /> 2009' 1,061,492 126,660,331 98.75
<br /> 'Unaudited.
<br /> TEN LARGEST TAXPAYERS FOR FISCAL YEAR 2008.09
<br /> Assessed Percentage of
<br /> lam,@ Type of Enterprise Valuation Assessed Value
<br /> Duke Energy Company Public Utility $ 89,524,645 .70%
<br /> VAC Limited Partnership Apartment Rental 62,702,256 .49
<br /> US CT LLC Property Owners Trust 50,120,115 .39
<br /> Piedmont Electric
<br /> Membership Corporation Public Utility 46,539,477 .36
<br /> Blue Cross and Blue Shield
<br /> of North Carolina Health Insurance 36,432,449 - .28
<br /> Corium LLC Health Insurance 32,584,496 .25
<br /> Madison University Mall LLC Retail Outlet 32,336,426 .25
<br /> Bell South Telephone and
<br /> Telegraph Company Public Utility 31,052,192 .24
<br /> Europa Center Hotel and Office Rental 27,031,431 .21
<br /> DDRM Meadowmont Rental/Residental 22,577.932 .18
<br /> $430,901,419 3.36%
<br /> 2009-14 Budget Commentary
<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°x6 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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