Where does Tyrrell County get its money from
Published 10:40 am Tuesday, July 28, 2020
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It was reported earlier that the Tyrrell County Board of Commissioners adopted a 2020-21 budget that appropriates $7,489,334 for General Fund expenditures.
These appropriations will be used to sustain such activities and offices as Finance, Tax, Register of Deeds, Buildings and Grounds, Sheriff, Emergency Management, Fire Department, Building Inspection, EMS, Animal Control, Senior Center, Solid Waste, Cooperative Extension, Social Services, Schools.
But where does all that money come from?
Sec. 4 of the budget ordinance states that General Fund revenues are: Ad valorem taxes, penalties and interest for the current and prior years, $4,438,010; Intergovernmental (usually grants), $1,467,253; Fund balance (taken from reserves), $766,641; Sales tax, $400,000; Permits and fees, $293,128; Other taxes and licenses, $32,970; Sales and services, $26,814; Miscellaneous $25,100; Transfer from School Capital Outlay Fund, $27,418; and Interest income $12,000.
In addition to the General Fund, the budget contains seven other funds that bring total county appropriations for the fiscal year that began July 1 to $9,696,093. Those other funds, and their appropriations, are: Debt Service Fund, $476,229; Water Fund, $1,055,550; Sewer Fund, $238,477; Revaluation Fund $25,132; Recreation Fund, $42,344; Capital Outlay Fund, $30,000; and School Capital Outlay Fund, $339,027.
The commissioners levied a tax of 94 cents per $100 valuation on all taxable property in the county.
David L. Clegg, JD, county manager/attorney, is the budget officer, and Karen Gerhart, CPA, is the county finance officer.
County commissioners are Tommy Everett (chairman), Jordan Davis, Nina Griswell, Lawrence Swain, and Carl Willis.
A copy of the budget ordinance is available for public inspection in the office of Penny Rhodes Owens, CMC, NCCCC, clerk to the board of commissioners.