Title
Ordinance Making Appropriations to the General Fund for the Fiscal Year Beginning July 1, 2024
Body
LEGISLATIVE INTENT/PURPOSE:
Appropriations to the General fund for the Fiscal Year Beginning July 1, 2024.
THEREFORE, BE IT ORDAINED:
SECTION I: The following appropriations are hereby made to the General Fund, consistent with the Recommended Budget and any changes made during City Council’s work sessions, and that following revenues are anticipated to be available during the fiscal year to meet these appropriations.
GENERAL FUND
Appropriations
Operating $149,765,892
Total Appropriations $149,765,892
Revenues
Property Taxes $75,152,835
Local Sales Taxes $45,226,363
Rental Vehicle Tax $475,000
Intergovernmental Revenues $17,507,421
Charges for Current Services $3,112,663
Fines and Forfeitures $120,400
Interest Earnings $1,500,000
Licenses, Fees, and Permits $2,608,660
Other Revenue $1,130,153
Operating Transfer In $750,000
Appropriated Fund Balance $2,182,397
Total Revenues $149,765,892
SECTION II: There is hereby a levied tax rate of $0.4225 per $100 valuation of taxable property as listed for taxes as of January 1, 2024; $0.3250 per $100 valuation for General Fund, $0.0975 per $100 valuation earmarked for Debt Service in support of past and current Capital Improvement Plans, Bond projects and other collaborative public private partnership projects, and restricted in the Debt Service Fund for the purpose of raising revenue from current property tax as set forth in the foregoing estimate of revenues.
SECTION III: Appropriations herein authorized shall have the amount of outstanding purchase orders as of June 30, 2024, added to each appropriation as it appears in order to account for the payment against the fiscal year in which it is paid.
SECTION IV: City Council authorizes the consolidations and other actions necessary to comply with GASB pronouncements that would affect financial reporting compliance.
SECTION V: City Council authorizes the appropriation of 5% of salary and benefits to support a merit pool and a market adjustment budget for implementation in accordance with the City’s compensation plan increases based upon usage to the respective departments, divisions, and sections upon adoption of the FY25 budget.
SECTION VI: City Council authorizes the funding of up to six (6) over hire positions in the Fire Department during the hiring process, as needed for the purpose of maintaining its full authorized strength throughout the year.
SECTION VII: City Council authorizes the funding of up to twelve (12) over hire positions in the Police Department during the hiring process, as needed for the purpose of maintaining its full authorized strength throughout the year. Two (2) of those ten (10) may only be used to accommodate officers that have been (and continue to be) on military leave for over one (1) year.
SECTION VIII: Any construction or repair project undertaken by City work forces shall be in compliance with the requirements of North Carolina General Statutes §143-135 and are hereby approved upon adoption of the FY25 budget.
SECTION IX: City Council authorizes the appropriation of an increase to the stipend allocations dedicated to the Mayor ($25,225 to $26,486) and Council Members ($20,611 to $21,642) upon the adoption of the FY25 budget, and that Council will receive the same adjustment percentages as budgeted for employees to keep up with market adjustments.
SECTION X: Pursuant to provisions of General Statute 20-97 (b1) and Chapter 5, Section 5-100 of the Wilmington City code, City Council authorizes each owner of a motor vehicle displaying a current North Carolina State license plate and resides within the city shall pay an annual license tax of twenty-five dollars ($25.00).
SECTION IX: Appropriations herein authorized shall fund the following Full-Time Equivalent positions. It does not include temporary or seasonal positions such as interns:
Total Full-Time Equivalent: 973.67