BUDGET ORDINANCE FOR THE TOWN OF HAMILTON NORTH CAROLINA  BEIT ORDAINED by the Governing Board of the Town of] Hamilton, North Carolina: Section 1: The following amounts are hereby appropriated in the General Fund for the operation oft the town government and its activities for the fiscal year beginning July 1, 2024, and ending June 30, 2025, in accordance with the chart ofaccounts heretofore  established for this Town:  GENERAL FUND APPROPRIATIONS  General Government  $ $ $ $  276,377 151,500 8,000 11,300 $447,177  Transportation (Streets and Maintenance Department) $  Human Services (Mosquito Control) Public Safety (Police, Fire/Rescue)  Total:  Section 2: Iti is estimated that the following revenue will be available in the General Fund  for the fiscal year beginning July 1,2 2024, and ending June 30, 2025:  Real Property Taxes-Current Real Property Taxes-] Prior Penalties & Interest Vehicle Taxes - Current Beer & Wine Sales Tax ABC Franchise Taxes Solid Waste Tax Powell Bill Electricities Grant Recreation Other Tax and License Misc Revenue Interest rec Sale ofassets Insurance Proceeds Lynch Center Revenue Hamilton Resource Center-EIC Hamilton Roanoke River Festival Donations Wildlife Income Version Wireless Ground Rent Cemetery Total General Fund Revenue  $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $  61,000 11,000 1,500 18,000 800 47,000 1,600 215,000 1,300 15,000 10,000 4,127 550 500 24,400 800 1,500 6,500 13,000 5,500 2,000 7,200 1,200 449,477    FY2024-2025) BUDGET ORDINANCE FOR THE TOWN OF HAMILTON NORTH CAROLINA  WATER/SEWER APPROPRIATIONS  Section 3: The following amounts are. hereby appropriated in the Water and Sewer Fund for the operation oft the water and sewer utilities for the fiscal year beginning July 1, 2024, and ending June 30, 2025, in accordance with the chart ofa accounts heretofore  approved for the Town:  Salaries Testing Water Forms and Supplies Travel Repairs & Maintenance Bond Payment - Interest Bond Payment - Principle Sewage Disposal Dues & Training Telephone - lift stations Health Insurance FICA Expense WWTP USDA Emergency Fund Misc Retirement Expense Electricity Capital Outlay TOTAL:  $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $  98,000 20,000 1,000 2,000 53,755.98 22,433 22,000 4,000 7,000 1,600 16,000 9,100 18,080 600 8,000 22,000 28,550 334,118.98  Section 4: It is estimated that the following revenues will be available in the Water and Sewer Fund for the fiscal year beginning July 1,2 2024, and ending June 30, 2025:  Water Revenue Sewer Revenue Water/Sewer Taps Interest Income Reconnect/Late Fees Total:  $ $ $ $ $ $  118,118.98 212,000 500 1,000 2,500 334,118.98  Page 2 of4    FY2024-2025 BUDGET ORDINANCE FOR THE TOWN OF AMAITONNOATHCAROINA  ELECTRIC APPROPRIATIONS  Section 5: The following amounts are hereby appropriated in the Electric Fund for the operation oft the electric utility for the fiscal year beginning July 1,2024, and ending June 30, 2025, in accordance with the chart of accounts heretofore approved for the City:  Electric Supplies Electric Purchases Capital Outlay Sales Tax Miscellaneous Telephone Salaries Charge Card Fee FICA Expense Insurance Retirement Total:  $ $ $ $ $ $ $ $ $ $ $ $  31,000 250,000 50,000 26,000 5,000 3,400 44,000 5,100 3,000 12,500 5,000 435,000  Section 6: It is estimated that the following revenue will be available in the Electric Fund  for the fiscal year beginning July 1, 2024, and ending June 30, 2025:  Electric Receipts Interest Misc Income- - Other Total:  $ $ $ $  430,500 3,000 1,500 435,000  Section 7: There is hereby levied a tax at the: rate of seventy cents ($0.70)per one hundred dollars ($100) valuation of property as listed for taxes as of January 1,2024, for the purpose of raising the revenue listed under "Advalorem Taxes" in the General Fund in This rate is based on a total valuation of property for the purposes oftaxation valued at $11,102,392 at an estimated rate of collection of 86.35% and taxation ofmotor vehicles  Section 2 ofthis ordinance.  valued at $2,641,376 at an estimated rate of collection of 99%.  Page 3 of4    FY 2024 -2 2025 BUDGET ORDINANCE FOR THE TOWN OF HAMILTON: NORTH CAROLINA  Section 8: The Budget Officer and the Finance Officer/Town Clerk are hereby authorized to transfer appropriations as contained herein under the following conditions: a. They may transfer amounts between line-item expenditures within a department b. The Budget Officer and the Finance Officer/Town Clerk shall be authorized to re- allocate departmental appropriations among the various objects of expenditures as they believe necessary provided such transfers shall be reported to the Board of Commissioners at its next regular meeting and shall be entered into the minutes. They may not transfer any amount between funds, except as approved by the  without limitation and without a report being required.  Governing Board int the Budget Ordinance as amended.  Section 9: The Budget Officer and Finance Officer/Town Clerk may make cash advances between funds for periods not to exceed 60 days without reporting to the Governing Board. Any advances that extend beyond 60 days must be approved by the Board. All advances that will be outstanding at the end ofthe fiscal year must be Section 10: Copies oft this Budget Ordinance shall be kept on file by the Finance Officer/Town Clerk for their discretion in the disbursement of funds.  approved by the Board.  Adopted this 24th day of] June 2024.  Mayor:  hurilian  Finance Officer & Clerk:  Albd,  Page 4 of4