BUDGET ORDINANCE
FISCAL YEAR 2006-2007
BE IT ORDAINED, by the Board of Aldermen of the City of Southport, in Board assembled in Special Session on June 27, 2006
that the following revenues and expenditures, together with certain restrictions, fees, charges and authorizations, are adopted.
SECTION I
GENERAL FUND
A. Revenues Anticipated
Current Ad Valorem Taxes (2006) 1,093,431
Prior Years Ad Valorem Taxes/Penalties 39,000
Motor Vehicle Property Taxes 75,000
Local revenues 707,985
Accommodation Tax 13,616
ABC Distribution 170,783
State Shared Revenues/Grants/Refunds 952,980
Inter-fund reimbursements 53,320
Fire District Fees 325,000
Appropriated Fund Balance 100,000
3,531,115
B. Appropriated Expenditures
Board 244,369
Administration 440,661
Building & Grounds 326,215
Garage 175,926
Police 799,249
Fire 330,432
Code Enforcement 248,344
Rescue 103,072
Street 273,361
Cemeteries 8,500
Recreation 325,346
Tourism 148,030
Solid Waste 107,610
3,531,115
SECTION II
POWELL BILL
A. Revenues Anticipated
Powell Bill State Street Aid 101,423
Interest Earned 2,027
Appropriated Fund Balance 20,000
123,450
B. Appropriated Expenditures
Operation & Maintenance 123,450
123,450
SECTION III
SOUTHPORT FIREMEN FUND
A. Revenues Anticipated
Southport Firemen Fund Receipts 18,060
18,060
B. Appropriated Expenditures
Southport Firemen Fund Expenses 18,060
18,060
SECTION IV
ELECTRIC FUND
A. Revenues Anticipated
Sale of Electricity 5,370,694
Service Charge & Other Revenues 706,619
Appropriated Fund Balance 700,000
6,777,313
B. Appropriated Expenditures
Operation & Maintenance 6,777,313
6,777,313
SECTION V
WATER & SEWER FUND
A. Revenues Anticipated
Water/Sewer Sales 1,457,370
Other Revenues 775,000
Appropriated Fund Balance 835,577
3,067,947
B. Expenditures Authorized
Operation & Maintenance 2,148,549
Capital Projects 919,398
3,067,947
GRAND TOTAL
$13,517,885
SECTION VII
TAX RATE ESTABLISHED
An Ad Valorem rate of twenty-seven (.27) cents per $100.00 full valuation is hereby established as the official tax rate for the City of Southport for the fiscal year 2006-2007. This is based on an estimated valuation of approximately $411,852,515 with an estimated collection rate of ninety-eight & one third percent (98.33%).
SECTION VIII
NEW OR REVISED FEE CHARGES
A. WATER RATES See Attachment "A"
B. WATER IMPACT FEES See Attachment "B"
C. SEWER RATES See Attachment "C"
D. WASTEWATER ALLOCATION POLICY & IMPACT FEES See Attachment "D"
E. STORMWATER MANAGEMENT PLAN & FEE SCHEDULE See Attachment "E"
F. PLANNING & ZONING FEE SCHEDULE See Attachment "F"
SECTION IX
TRAVEL REIMBURSEMENT POLICY
It is the policy of the City of Southport to reimburse employees for work related out of town travel. Mileage will be reimbursed for private vehicle use, when properly authorized, at a rate of .44½ cents per mile.
Meals will be reimbursed when necessary to be out of town on business at:
A. Per diem rate of $45.00 per day without receipts, ($8.00 breakfast, $12.00 lunch, $25.00 dinner), or
B. The actual cost of meals, including tips, will be paid by the City provided receipts for such meals are submitted.
Either of these methods may be used, however, only one of the methods may be used during a business trip not a combination of the two. Everyone is expected to eat meals he/she would normally eat on a daily basis.
All lodging costs will be paid at the host facility or next closest facility available. Other costs for seminars, meetings, conferences and programs, including registration, taxi, baggage handling, etc. incurred as part of the normal travel will be paid by the City.
SECTION X
SPECIAL AUTHORIZATION - BUDGET OFFICER
The Budget Officer shall be authorized to reallocate departmental appropriations among the various objects of expenditure and interdepartmental transfers as said officer believes necessary. The Budget Officer shall be authorized to effect inter-fund transfers, not to exceed $1,500.00. Notation of such reallocation and transfers shall be made to the Board on the next succeeding financial report.
SECTION XI
RESTRICTION - BUDGET OFFICER
The inter-fund transfer of monies exceeding $1,500.00 shall be accomplished by Board authorization only. The utilization of any contingency appropriation shall be accomplished only with Board authorization.
SECTION XII
UTILIZATION OF BUDGET & BUDGET ORDINANCE
This Ordinance and the Budget Document shall be the basis of the financial plan for the City of Southport municipal government during the 2006-2007 Fiscal Year. The Budget Officer shall administer the budget and shall ensure that operation officials are provided guidance and sufficient details to implement their appropriate portion of the budget. The accounting section shall establish records which are in agreement with the budget and this ordinance and the appropriate statues of the State of North Carolina.
Copies of the Budget Ordinance shall be furnished to the Finance Director and the City Manager of the City of Southport, to be kept on file by them for their direction in the disbursement of funds.
DULY ADOPTED, this the 27th day of June, 2006
Norman R. Holden
Mayor Norman R. Holden
Attest: Regina W. Alexander
Clerk to the Board of Aldermen