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The following table shows the County-wide levy and the levies by the County on behalf
<br />of the special school district and the special fire districts for the fiscal years ended or ending June
<br />30:
<br /> 2003 2004 2005 2006 bud eg ted
<br />County-wide $79,035,412 $82,444,007 $88,705,740 $100,923,960
<br />Special School District 11,333,902 12,750,072 13,079,166 13,333,124
<br />Special Fire Districts 1,821,516 2,258,834 2,304,866 2,382,673
<br />Total Levy $92,190,830 $97,452,913 $104,089,772 $116,639,757
<br />TaY Collections.
<br /> Percentage of
<br />Fiscal Year Ended Prior Years' Current Year's Current Year's
<br />June 30 Levies Collected Total Levy Collected T otal Levy Collected
<br />
<br />2002 $ 996,708 $ 87,791,088 99.87%
<br />2003 1,069,986 90,917,919 99.78
<br />2004 1,045,909 97,333,391 99.57
<br />2005 1,050,633 102,876,135 98.83
<br />Ten Largest Taxpayers for Fiscal Year 2004-2005.
<br />Name
<br />Duke Energy Company
<br />VAC Limited Partnership
<br />Piedmont Electric 1Vlembership
<br />Corporation
<br />Blue Cross and Blue Shield of
<br />North Carolina
<br />Bell South Telephone and
<br />Telegraph Company
<br />US CT LLC
<br />University Mall
<br />Corium LLC
<br />Europa Center
<br />Exchange at Meado«~mont
<br />2005-06 Budget C"ommentary
<br /> Assessed Percentage of
<br />Type of Enterprise Valuation Assessed Value
<br />
<br />Public Utility $ 80,340,341 .67%
<br />Apartment Rental 62,458,685 .52
<br />Public Utility 40,641,781 .34
<br />Health Insurance 45,196,539 .38
<br />Public Utility 34,864,985 .29
<br />Property Owners Trust 49,985,519 .42
<br />Retail Outlet 35,492,447 .30
<br />Health Insurance 32,408,893 .27
<br />Hotel and Office Rental 24,868,917 .21
<br />Office Complex 21,027,895 .18
<br /> $426,890,002 3.57°io
<br />Ad valorem tax collections through January 2006 for real property were approximately
<br />95.8% of the levy which is on target with budget expectations. Motor Vehicle tax collections
<br />were also coming within budget estimates. It is expected that other revenues will also come in
<br />on target and that expenditures will be on target. The 2005-2006 budget includes a General Fund
<br />C-883836v4 13361.00022 2
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