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Seven Devils Adopts $1.78M Budget for 2013-14 Fiscal Year Last Week, Maintains 51-Cent Property Tax

By Jesse Wood

Seven Devils LogoJuly 3, 2013. The Seven Devils Town Council unanimously adopted the 2013-14 fiscal-year budget on June 25.

The $1,776,399 budget represents an increase of $243,628 over Seven Devils’ prior budget. With the redistribution of the sales tax that included a 40/60 split with municipalities in Watauga County (excluding Boone), Seven Devils expects to receive an extra $70,000 or so, according to April figures from Watauga County Finance Director Margaret Pierce. 

The budget maintains a 51-cent property tax rate and also includes a 2 percent cost of living raise that began July 1. 

Peruse the numbers below. To look at the entire budget, click here

  • General Fund – $1,393,630
  • Enterprise Fund – $383,769
    • Total $1,776,399

General Fund: (anticipated revenues by category)

  • Ad Valorem Taxes – $788,000
  • State Shared Revenue – $28,960
  • ABC Distribution – $84,000
  • Powell Bill Allocation – $28,380
  • Permits, Fees, Licenses – $6,100
  • Sales Tax – $113,000
  • Investment Earnings – $600
  • Miscellaneous Revenues – $74,000
  • Appropriated Fund Balance – $110,790
  • Government Grants – $25,000
  • Sale of Assets – $5,000
    • Total: $1,393,630

Authorized Expenditures By Department

  • Governing Board – $58,885
  • Administrative – $275,331
  • Public Safety – $486,738
  • Fire Protection – $147,732
  • Planning and Inspections – $5,700
  • Public Works – $315,864
  • Powell Bill – $28,380
  • Tourism Development Authority – $75,000
    • Total: $1,393,630

Enterprise Fund

Anticipated Revenues By Category

  • Water Operating Revenues – $231,000
  • Water Taps and Connections – $4,000
  • Non-Operating Revenues – $36,350
  • From Capital Reserve – $111,069
    • Total: $382,769

Authorized Expenditures By Department

  • Water Operating – $103,859
  • Non-Operating – $158,910
  • Infrastructure Upgrade – $120,000
    • Total: $382,769