FY2018 Recommended Budget

BUDGET ORDINANCES & RESOLUTIONS

TOWN OF MORRISVILLE * 100 TOWN HALL DRIVE * MORRISVILLE, NC 27560

ORDINANCE 2017-116 OF MORRISVILLE TOWN COUNCIL TO APPROVE FISCAL YEAR 2018 ANNUAL OPERATING BUDGET

BE IT ORDAINED by the Town Council of the Town of Morrisville, North Carolina that the following anticipated fund revenues and expenditures by function, together with a financial plan, certain Fee and Charge Schedules, and certain restrictions and authorizations are hereby appropriated and approved for the operation of the Town Government and its activities for the Fiscal Year beginning July 01, 2017 and ending June 30, 2018.

Section 1. GENERAL FUND

ANTICIPATED REVENUES/TRANSFERS IN

Ad Valorem Taxes

17,973,000

Intergovernmental

7,940,300

Sales & Services

1,216,100

Permits & Fees

992,200

Restricted Intergovernmental

564,800

Other Taxes & Licenses

973,300

Miscellaneous

286,300

Investment Earnings

90,000

Transfers (In)

1,171,000

Appropriation Unassigned Fund Balance

2,823,000

Total General Fund Revenues

$ 34,030,000

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