BUDGET ORDINANCE FOR THE TOWN OF WELDON, NORTH CAROLINA BE IT ORDAINED by the Board ofCommissioners of the Town ofWeldon, North Section 1: The following amounts are hereby appropriated in the General Fund for the operation of the Town government and its activities for the fiscal year beginning July 1,2024, and ending June 30, 2025, in accordance with the chart of accounts heretofore established for the Fiscal Year 2024-2025 Carolina: Town: Governing Body General Administration Financial Operations Police Department Powell Bill Street Department Culture and Recreation Transfer to Library Fund Transfer to Fire District Fund $18,995 $650,324 $113,283 $782,272 $50,000 $613,781 $11,500 $19,209 $392,692 Total Appropriations $2,652,056 Section 2: Iti is estimated that the following revenues will be available in the General Fund for the fiscal year beginning July 1, 2024, and ending June 30, 2025: Current year's real property taxes Current year's motor vehicle taxes and fees Prior years' real property taxes Refuse collection fee Code enforcement revenues Police department revenues Cultural and recreation revenues Utility franchise tax Alcohol beverage tax Powell Bill allocation Solid waste disposal tax Local option sales tax Interest on investments ABC revenue local Miscellaneous revenues Transfer from water and sewer fund Fund balance appropriated $1,677,158 $85,952 $21,800 $10,000 $160,444 $(40,726) $127,000 $9,150 $7,000 $112,500 $6,350 $50,000 $1,112 $275,000 $113,800 $9,750 $5,000 $20,766 $0 Penalties and interest on real property and motor vehicle taxes Less 2% charge to collect taxes and fees, plus tax refunds Total Estimated Revenues $2,652,056 Section 3: The following amounts arel 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 of accounts heretofore approved for the Town: Water operations department Sewer operations department Transfers to General Fund Transfer to water capital reserve Transfer to sewer capital reserve Water contingency appropriation Sewer contingemsymppropiation $1,098,319 $798,250 $20,766 $10,000 $10,000 $5,285 $5,284 Total Appropriations $1,947,904 Section 4: Itis estimated that the following revenues will be available in the Water and Sewer Fund for the fiscal year beginning July 1, 2024, and ending June 30, 2025: Water charges Weldon Water charges Halifax County Water charges Northampton County Sewer charges Weldon Sewer charges Halifax County Sewer charges Northampton County Sewer charges Town ofHalifax Penalties Miscellaneous revenues Interest on investments $236,000 $612,000 $106,000 $172,000 $186,000 $497,000 $75,000 $15,000 $5,200 $43,704 Total Estimated Revenues $1,947,904 Section 5: The following amounts are hereby appropriated in the Fire District Fund for the operation oft the fire department 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: Fire department operations Contingency appropriation $495,318 $3.754 Total Appropriations $499,072 Section 6: Iti is estimated that the following revenues will be available in the Fire District Fund for the fiscal year beginning July1,2 2024, and ending June 30, 2025: Real property taxes Motor vehicle taxes Less tax refunds and 2% collection fee Local option sales tax Halifax County donation Miscellaneous revenue $147,870 $9,425 $(1,000) $23,000 $7,000 $85 Transfer from General Fund $312,692 Total Estimated Revenues $416,537 Section 7: The following amounts are hereby appropriated in the Cemetery Fund for the operation oft the cemeteries for the fiscal year beginning July 1,2024, and ending June 30, 2025, ina accordance with the chart ofa accounts heretofore approved for the' Town: Cemetery operations Comtingeneyappropiation $21,500 $8,500 Total Appropriations $30,000 Section 8: Itis estimated that the following revenues will be available in the Cemetery Fund for the fiscal year beginning July 1, 2024, and ending June 30, 2025: Saleo oflots Opening and closing fees $10,000 $20.000 Total Estimated Revenues $30,000 Section 9: The following amounts are hereby appropriated in the Library Fund for the operation ofthe library building for the fiscal year beginning July 1, 2024, and ending June 30, 2025, in accordance with the chart of accounts heretofore approved for the Town: Library building maintenance and operation $19,209 Total Appropriations $19,209 Section 10: Itis estimated that the following revenues will be available in the Library Fund for the fiscal year beginning July 1, 2024, and ending June 30, 2025: Transfer from General Fund $19,209 Total Estimated Revenues $19,209 Section 11: The following amounts are hereby appropriated in the State ofl NC Capital Grants Fund for the fiscal year beginning July 1, 2024, and ending June 30, 2025: Riverfront Enhancement Project Grant Passenger Rail Station Grant Downtown Revitalization Grant Big Rock Economic Development Grant Rural Transformation Grant $700,000 $750,000 $250,000 $250,000 $369,778 Total Appropriations $2,319,778 Section 12: Itis estimated that the following revenues will be available in the State of NC Capital Grants Fund for the fiscal year beginning July 1, 2024, and ending June 30, 2025: Riverfront Enhancement Project Grant $700,000 Passenger Rail Station Grant Downtown Revitalization Grant Big Rock Economic Development Grant Rural Transformation Grant $750,000 $250,000 $250,000 $369,778 Total Estimated Revenues $2,319,778 Section 13: The following amounts are hereby appropriated in the Fire Department State Grant Fund for the fiscal year beginning July 1, 2024, and ending June 30, 2025: First responder vehicles Equipment $150,000 $50,000 Total Appropriations $200,000 Section 14: Itis estimated that the following revenues will be available in the Fire Department State Grant Fund for the fiscal year beginning July 1,2024, and ending June 30, 2025: OSBM Fire Department Grant $200,000 $7,668,019 $7,668,019 Total Estimated Revenues $200,000 Grand Total Appropriations Grand Total Revenues Section 15: There is hereby levied a tax at the rate of seventy-two cents ($0.72) per one hundred dollars ($100) valuation ofr real property and motor vehicles as listed for taxes as of January 1, 2024, for the purpose of raising the revenue listed "Current year's real property taxes" and' "Current year's motor vehicle taxes" in the General Fund in Section 2 oft this ordinance. This levy is based on a total valuation of property for the purposes oft taxation of $255,905,845 and an estimated rate of collection of95.47%. The estimated rate of collection is based on the Fiscal year 2024-25 is the first year ofrevaluation ofr real and personal property in Halifax County. According to the Halifax County Tax Assessor, the estimated revenue neutral tax rate is With regard to the 2024-25 tax rate for the Fire District Fund, the Town of Weldon has requested and the Halifax County Commissioners have approved a rate of$.09 per $100 valuation on real and personal property as well as motor vehicles. With regard to real and personal property, the revenue neutral tax rate for the Weldon Fire District is $0.085 per $100 valuation. most recent complete fiscal year collection rate. $0.2849 per $100 valuation. Section 16: In addition to thet tax rates specified in Section 15, the following rates and fees are authorized for the 2024-2025 fiscal year beginning July 1, 2024, and ending June 30, Maintain the annual solid waste collection fee to $225 per parcel containing al building 2025: Maintain the annual motor vehicle fee of$10 per motor vehicle Maintain in-town residential water rates at $2.15 per 1,000 gallons Maintain in-town commercial water rates at $2.20 per 1,000 gallons Maintain in-town residential sewer rates at $2.15 per 1,000 gallons Maintain in-town commercial sewer rates at $2.20 per 1,000 gallons Maintain out-of-town residential water and sewer rates at $3.07 per 1,000 gallons Maintain out-of-town commercial water and sewer rates at $4.02 per 1,000 gallons Increase bulk water rate to $2.35 per 1,000 gallons Increase bulk sewer rate to $6.25 per 1,000 gallons All other additional fees are authorized as listed in the 2024-25 Town of Weldon Fee Schedule. Section 17: In addition to salary, the Town ofWeldon pays the cost ofhealth insurance, dental insurance, and life insurance ($20,000) for full time employees. Full time employees also receive paid holiday, annual, and sick leave. Employees who work in excess of1,0001 hours annually are: required tol be enrolled in the NC Local Government Employees Retirement System. All full-time employees will receive a 5.0% cost ofliving adjustment effective July 1, 2024. The base starting hourly rates for Police Department, Fire Department, and Street Department employees will increase to $20.65, $16.25, and $15.00, respectively. Section 18: The Budget Officer is hereby authorized to transfer appropriations between objects of expenditure within a department without limitation and without a report being required. These transfers must not result in increases in recurring obligations such as salaries. The Budget Officer may not transfer any funds from any contingency appropriation without prior approval by the Board of Commissioners in an amendment to the Budget Ordinance. Section 19: The' Town Administrator is hereby authorized to execute agreements and contracts and authorize purchases, within funds included ini the Budget Ordinance, for the following purposes: (1) Enter into grant agreements with public and non-profit organizations; (2) Lease normal and routine business equipment where the annual cost of each lease is not more than $25,000; (3) Secure consultant, professional or maintenance services where the annual compensation of each is not more than $25,000; (4) Purchase apparatus, supplies, materials, or equipment where formal bids are not required by law; (5) Enter into agreements for acceptance ofState, Federal, public, and non-profit organization grant funds, and funds from other governmental units for services to be rendered; (6) Undertake construction or repair work where formal bids are not required by law; and (7) Secure liability, health, life, disability, casualty, property or other insurance and retention and faithful performance bonds. With approval ofthe Town. Administrator, other appropriate Town officials are also authorized to execute or approve such insurance and bond undertakings as provided by law. The Town Administrator or his designee is hereby authorized to transfer up to $1,000 between departments, including contingency appropriations, within the same fund with an official report of such transfers at the next regular meeting of the Board of Commissioners. All transfers between funds require prior approval by the Board of Commissioners in an amendment to the Budget Ordinance. Section 20: Copies of this Budget Ordinance shall be furnished to the Clerk to the Board ofCommissioners and to the Budget Officer and Finance Officer to bel kept on file by them for their direction in the disbursement ofi funds. Adopted this 24th day of. June, 2024. Wiedbrte HughCCredle, Mayor Stephaniad_Haukin Stephanie L. Hawkins, Interim Clerk