FY2020 Budget

OPERATING & CAPITAL BUDGET ORDINANCES & RESOLUTION

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

ORDINANCE 2019-100-A OF MORRISVILLE TOWN COUNCIL TO APPROVE FISCAL YEAR 2020 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, 2019 and ending June 30, 2020.

SECTION 1. GENERAL FUND

ANTICIPATED REVENUES/TRANSFERS IN

Ad Valorem Taxes

19,240,000

Intergovernmental

10,116,400

Permit & Fees

1,285,200

Sales & Services

1,073,200

Restricted Intergovernmental

591,600

Miscellaneous

422,600

Investment Earnings

396,000

Transfers (In)

1,250,000

Appropriation Unassigned Fund Balance

945,000

Total General Fund Revenues

$35,320,000

44