FY2021 Budget

OPERATING & CAPITAL BUDGET ORDINANCES & RESOLUTION – ADOPTED

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

ORDINANCE 2020-142-A OF MORRISVILLE TOWN COUNCIL TO APPROVE FISCAL YEAR 2021 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, 2020 and ending June 30, 2021.

SECTION 1. GENERAL FUND

ANTICIPATED REVENUES/TRANSFERS IN

Ad Valorem Taxes

22,175,000

Intergovernmental

9,393,800

Permit & Fees

1,372,700

Sales & Services

1,307,250

Restricted Intergovernmental

858,700

Miscellaneous

355,600

Investment Earnings

270,600

Transfers (In)

-

Appropriation Streets PIL Fund Balance

225,000

Appropriation Fund Balance

1,142,200

Total General Fund Revenues

$37,100,850

53