By Jesse Wood
July 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
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