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Dogwood Sanitary District requires two more years of debt service payments (one in 1983-84 , and another <br /> in 1984-85) to defray the $80,000 in bonds to extend a waterline. Principal will cost $5,000 while interest <br /> will amount to $575. A tax rate of $.06 is recommended. <br /> This then is the proposed budget for 1983-84. Expenditure and revenues are balanced. Expenditures are <br /> held within available revenue, assuming no change in the ad valorem tax from its current year rate of $.55 per <br /> $100 in valuation. After consideration of non-tax sources, the portion to be funded from property taxes is <br /> $10,335,203. This is up from the $10,001,063 in current year taxes, 3.3%. <br /> A document of this kind is the result of much work by marry people. Department heads, agency heads and <br /> central office staff have worked diligently and are to be commended for their efforts and support in attempting <br /> to maintain service level within available funds. Particular credit is due Wallace H. }larding, Finance Director, <br /> and Patricia Stutts, Deputy Finance Director, for their work in preparing this document. <br /> We now stand ready as a staff to answer your questions and gather the additional information you will need <br /> to decide the many issues involved. <br /> Kenneth R. fib mpson <br /> KRT:nm <br /> _8_ <br />