FY2021 Budget

MUNICIPAL SERVICE DISTRICT FUND

Municipal Service District

MISSION

The mission of the Municipal Service District Fund was authorized by the General Assembly in North Carolina G.S. 160A-536(a)(6), Session Law 2011-072 for the purpose of converting private residential streets to public streets for specific neighborhoods.

SERVICE TO COMMUNITY

The tax levied on those Municipal Service District properties will pay for the conversion cost of those private streets to public standards and streets will be publicly maintained.

BUDGET NOTES

New Initiatives & Priorities

Cost Value

None

$0.00

2020 ESTIMATED ACTUAL

2021 PROJECTED BUDGET

2018 ACTUALS

2019 ACTUALS

MSD Revenues

Ad Valorem (special district)

$ $ $ $ $

95,993

$ $ $ $ $

96,317

$ $ $ $ $

99,200

$ $ $ $ $

117,000

Investment Earnings

3,477

8,537

1,500

-

Transfers In from General Fund

110,000 209,470 (102,867)

110,000 214,854

110,000 210,700

110,000 227,000 16,300

TOTAL

Year over Year $s Change Total Year over Year % Change Total

5,384

(4,154)

-22%

3%

-2%

8%

2020 ESTIMATED ACTUAL

2021 PROJECTED BUDGET

2018 ACTUALS

2019 ACTUALS

MSD Expenditures

Operating

$ $ $ $ $

193

$ $ $ $ $

2,780

$ $ $ $ $

1,990

$ $ $ $ $

-

Capital

- -

467,228

171,259

227,000

Transfers

-

-

-

TOTAL

193

470,008 469,815 243427%

173,249 (296,759)

227,000 53,751

Year over Year $s Change Total Year over Year % Change Total

(102,867)

-22%

-63%

31%

86