Agenda - 06-27-1983 - Laserfiche WebLink

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SECTION V. SCHOOL CURRENT EXPENSE: There is hereby allocated a lump sum of $3,004,749 for Chapel Hill-Carrboro City Schools and $2,971,584 for Orange County Schools, for the purpose of supporting current expense. SECTION VI. SCHOOLS CAPITAL OUTLAY: There is hereby allocated $350,000 for Chapel Hill-Carrboro City Schools and $450,000 for Orange County Schools, to be used to make Capital outlay expenditures. SECTION VII. DOG LICENSE: A license costing $4.00 is required for all dogs. SECTION VIII. SCHEDULE B LICENSE: In accordance with Schedule B of the Revenue Act {Article 2, Chapter 5 of the N. C. State Statutes and any other section of the General Statutes so permitting, there are hereby levied privilege license taxes in the maximum amount permitted on businesses, trades, occupations, or professional which the county is entitled to tax. I SECTION IX. BUDGET CONTROL: The Board of Commissioners, in approving..this budget, has utilized to the fullest extent possible its revenue sources. Over collections of revenue or unanticipated revenue sources cannot be expected to material- ize during the year. It is, therefore, of utmost importance, and the County Manager is hereby directed, to initiate steps to insure that the budget as fixed herein is rived within. Genera, Statutes of the State of North Carolina provide for budgetary control measures to exist between a County and Public School System. The Board of Commissioners hereby directs the following measures for budget administration and review: Per General Statute 115-429 (c) the Board of Education shall supply copy of its final budget (once adopted), annual audit, monthly financial reports, copies of all budget amendments. to the Board of Commissioners as to the disburse- ment and use of local monies granted to the Board of Education by the Board of Commissioners. SECTION XII. TRANSFER OF FUNDS BE114EEN OBJECT ACCOUNTS: The County Manager is authorized to transfer funds within an appropriation in accordance with provisions of the Local Government Budget and Fiscal Control Act,. --.-provided--that the--foilowi-ng--guide-l-i-nes-'ar�satis'fied�-"- --�__-- l. The transfer involves receipt and appropriation of grant funds or contracts which have been approved by Board action involving acceptance of the grant or award of the contract, or 2. The transfer is for the purpose of more appropriate accounting methods and does not involve a change in purpose for which the funds are to be spent. Any such transfers shall be reported to the Board of Commissioners at its. next regular meeting and shall be entered in the minutes.