ANNUAL BUDGET FY 2023-2024  OF CONE    EST. 1887  TOWN OF CONETOE NORTH CAROLINA    POFCON  EST.1887  "We put the Unity in Community!"  Founded in 1887, Conetoe is a small town situated about six miles southeast of Tarboro, in Edgecombe County, North Carolina. Originally, known as Warren Station, the town settled on the name Conetoe for its location along the Conetoe Creek. It's a small farming community where everyone knows everyone and  neighbors can still rely on each other.    OFCONE  EST. 1881  TOWN OF CONETOE Incorporated in 1887 Post Officel Box 218, Conetoe, NC: 27819 Phone: 252-823-0349 Email: oMocCAeNCémalcon  Board of Council  Mayor ro-Tem/Commisioner Delane. Bryant PO Box 473, Conetoe, NC27819 Phone: (252) 717-9725 Email: canebryant@gmal.con Commissioner Jenny Staton-Hinnant PO Box 294, Conetoe, NC27819 Phone: (252)904-4929 Email: enny.hinnant63@gmal.com Commissioner Clayton Webb POI Box 11, Conetoe, NC: 27819 Phone: (252)702-2871 Email: cbncUAstudemiscguaty Commissioner Regina Gray PO Box 264, Conetoe, NC27819 Phone: (252) 813-9101 Email: grenees3l9@gmail.con    OFCONE  EST.1887  TOWN OF CONETOE Incorporated in 1887 Post Office Box 218, Conetoe, NC27819 Phone: 252-823-0349 Email: lownoiConetoeNC@gmail.com  Town Hall Staff Town Clerk/Finance Officer Kelly Hunter POBox 374, Conetoe, NC27819 Phone: (252)883-1691 Email: conetoenc.townçlerk@gmail.com Town Adminstrator Delane Bryant PO: Box 473, Conetoe, NC27819 Phone: (252)717-9725 Email: delancbpanl@gmail.con  Town Attorney Deloatch & Hinton, PLLC 210E E. St. James Street P.O. Drawer 308 Tarboro, NC27886 Phone: (252)429-7850 Email: laney@dhandplaw.com    OF CONE  EST.1887  BUDGET MESSAGE FY 2023-2024    BUDGET MESSAGE  l'am pleased to provide the Town of Conetoe Fiscal Year 2023-2024 Proposed Budget for your consideration. The public hearing for the Proposed Budget is expected toi take place on May 29, 2023. This budget contains line items of revenue and expenditures categories. The Proposed Budget is a sound financial plan and has been prepared with the Board's goals and objectives adopted from their annual planning session and budget workshops. The Budget Ordinance is a legal document which must be adopted prior to. June 30, 2023. All components oft this budget have been prepared and assembled in accordance with provisions of the North Carolina Local Government Budget and Fiscal Control Act and conform to all other applicable State and Federal standards. This Budget is financially balanced, identifies all anticipated revenue sources, and provides all proposed departmental expenditures. In preparation for the new fiscal year budget, the Finance Officer will regularly monitor estimated and actual The Fiscal Year 2023-2024 Budget totals $166,830.00. This is a 37.16% increase to last year's budget. This increase is due to inflation, more needed services, increases in administration, and the pursuit of available revenue. There is no taxi increase being proposed for the Town of Conetoe for1 the Fiscal Year 2023-2024. The North Carolina Local Government Commission recommends that the local governments maintain a minimum unassigned fund balance of no The Fiscal Year 2023-2024 Proposed Budget has taken the General Fund Appropriations listed in the Fiscal Year 2022-2023 Budget and separated them into five fund budget categories. These fund budget categories include Administration, Governing Body, Sanitation & Services, Utilities, and Revtalization/Events. It is the belief that these fund budget categories will better serve the Town of Conetoe with more precision and monitoring oft the Fiscal Year 2023-2024 Budget.  revenues and expenditures.  less than eight percent of expenditures.  EXPENDITURES  The Administration fund budget includes additional funds due to a previous salary increase for employees, supplies, improving outdated equipment and software, The Governing Body fund budget includes additional funds due to continuing education, The Sanitation & Services fund budget includes the contractual services for solid waste removal, yard waste pick-up, and grass cutting. Additional funds were added tot this fund  additional accounting needs, and securlyimprovements.  training, and a mileage rate increase.  budget due to an increase in payment for these services.    The Sanitation & Services fund budget also includes Streets and Drainage. The Powell Bill expenditure has been added to this fund budget to alloti for small projects drainage The Utilities fund budget includes additional funds due to inflation and increased The evitalization/Events fund budget is new to the budget. Funds were added to improve revenue growth, community partnership, and improve the overall appearance  projects. electric rates. ofthet town.  REVENUES  In Office Revenue is expected toi increase. This budget fund includes the renting out of property, the selling of merchandise, and an increase in document fees. We are anticipating an increase in Property tax and Sales Tax Distribution. Additional funds were added to Revenue through the Unrestricted Fund Balance. Int the Fiscal Year 2023-2024 Proposed budget it is imperative that we monitor revenue  for areas that we may improve upon.  CONCLUSION  The Town of Conetoe Proposed Budget for Fiscal Year 2023-2024 does move the Town forward in a positive direction. It reflects the Board's priorities for the citizens, meets the Board's stated The Town of Conetoe remains stable and in good overall financial shape. However, we will be increasing our efforts in the 2023-2024 Fiscal year to locate and secure grants that can help perpetuate this forward trajectory and eliminate the need to use additional funds in our Unrestricted Fund Balance. We will also bei implementing policies to help monitor spending and l'am pleased to present this Proposed Budget fori the Town of Conetoe fori the next fiscal year tot the Board of Commissioners. lappreciate your efforts to draft a budget that provides resources and services to the town, as well as address community needs. On behalf of myself and our Budget Officerithink you for your consideration oft the Fiscal Year 2022-2023 Proposed  goals and objectives, and is responsive to town wide needs.  to operate more efficiently.  Budget.  Respertfulysubmited, d  Town Clerk/Finance Officer    OF CORA  EST. 1887  ANNUAL BUDGET ORDINANCE  FY 2023-2024    OF CONE 6S7.1887  BUDGET ORDINANCE FOR THE TOWN OF CONETOE  Fiscal Year 2023-2024  BE IT ORDAINED by the Governing Board of the Town of Conetoe, North Carolina: The following amounts are hereby appropriated in the General Fund fori the operation of the town government and its activities for1 the fiscal year beginning July 1, 2023a and  SECTION 1:  ending. June 30, 2024. GENERAL FUND APPROPRIATIONS  Administration Governing Body Sanitation & Services Utilities Revitalization & Events TOTAL  $70,005.00 $13,980.00 $52,400.00 $20,445.00 $10,000.00 $166,830.00  SECTION2:  It is estimated that the following revenue will be available ini the General Fund for the  fiscal year beginning. July 1, 2023, and ending. June 30, 2024:  GENERAL FUND REVENUE  Automobile Tax Beer & Wine Tax Franchise Tax & Utility Tax In Office Revenue Powell Bill Property Tax Sales Tax Distribution Solid Waste Disposal Tax Distribution Unrestricted Fund Balance  $3,300.00 $0.00 $12,000.00 $15,000.00 $9,600.00 $38,000.00 $65,000.00 $175.00 $23,755.00 $166,830.00  TOTAL    SECTION 3:  There is hereby levied at tax at the rate of thirty-eight cents ($.38) per one hundred dollars ($100) valuation of property as listed for taxes as ofJ January 1, 2024. This rate is based on the estimated total valuation of property for the purposes of taxation of $9,685,600.00 and an estimated rate of collection of 87.17%.  SECTION 4:  The Budget Officer is hereby authorized to transfer appropriations contained herein  under the following conditions:  a)  Transfers between line-item expenditures within a department without limitation and without a report being required. These changes must not result in Transfers upi to $1,500.00 between departments, including contingency appropriations, within the same fund. The Budget Officer must make an official report on such transfers at the next regular meeting of the Governing Board. All transfer between funds requires prior approval by the Governing Board in an  increases in recurring obligations such as salaries.  b)  c)  amendment to the Budget Ordinance.  SECTION 5:  Effective July 1, 2023, the following are in effect in expenditure control: Purchase orders are required for any purchases over $200.00.  a) b)  Formal approval from the Board is required for all "non-routine" expenditures exceeding $2,500.00. Routine expenditures include, but aren't limited to utilities, Emergency approval of purchase orders exceeding $2,500.00 may be conveyed by the Town Administrator in consultation with the Mayor and subsequent  legally required advertising, postage, etc.  c)  notification oft the Board.    SECTION 6:  The Finance Officer is hereby authorized to transfer appropriations contained  herein under the following conditions:  a) Transfers between line-item expenditures up to $1,500.00 within a department without limitation and without Budget Officer approval and without a report being required. These changes must not result ini increases in recurring obligations such as salaries.  SECTION7:  Copies of this Budget Ordinance shall be furnished to the Clerk, the Governing Board, the Budget Officer, and the Finance Officer to be kept on file by them for their direction  in the disbursement of funds.  Adopted this, the 20th day of. June 2023.  lan Baypore Delane Bryant, Mayor Pro-Tem  ATTEST:  Llf Walk Webb, Officer Clay Budget  H  Kelly Hunter, Town Clerk/Finance Officer    OF CONE  EST.1887  ANNUAL BUDGET FY 2023-2024    OFC CONE  EST.1887 Town of Conetoe Fiscal Year. 2023/2024  Budget Projected Expenses: ADMINISTRATION Payroll Advertising Attorney Auditing Bank Service Charges Bonds Building Repair/Maintenance Insurances Office Expenses Security  $42,000.00 $500.00 $6,000.00 $5,000.00 $255.00 $450.00 $5,000.00 $3,800.00 $5,000.00 $2,000.00 $70,005.00  TOTAL  GOVERINING BODY Payroll Training Institute of Government UCPC League of Municipalities Travel/Mileage SANITATION & SERVICES  $9,600.00 $1,500.00 $350.00 $380.00 $950.00 $1,200.00 $13,980.00 $16,800.00 $8,000.00 $18,000.00 $9,600.00 $52,400.00  TOTAL  Solid Waste Contract Yard Waste Removal Grass Cutting Contract Streets & Drainage  TOTAL    UTILITIES  Park Streetlights Town Hall Veteran's Memorial  $1,150.00 $16,300.00 $2,495.00 $500.00 $20,445.00  TOTAL  EVTALEATION/EVENTS  Events Revitalization  $7,000.00 $3,000.00 $10,000.00 $166,830.00  TOTAL  TOTAL PROJECTED EXPENSES:  Budget Projected Revenue:  Automobile Tax Beer & Wine Tax Franchise Tax & Utility Tax In Office Revenue Powell Bill Property Tax Sales Tax Distribution Solid Waste Disposal Tax Distribution Unrestricted Fund Balance  $3,300.00 $0.00 $12,000.00 $15,000.00 $9,600.00 $38,000.00 $65,000.00 $175.00 $23,755.00 $166,830.00 $166,830.00  TOTAL  TOTAL PROJECTED REVENUE