The town of Dobbins Heights will be reviewing its proposed fiscal year 2012-13 budget on Monday, June 18, at 5 p.m. The budget hearing will be held at the Dobbins Heights Town Hall, located at 172 Earle Franklin Drive, and is open to the public.
The town reports a population of 898, property valuation over $14 million and a tax rate steady at 50 cents per $100 valuation of property listed for taxes as of Jan. 1, 2012.
The town’s overall general fund budget expenditures for the 2011-2012 fiscal year amounted to $317,796, compared with the proposed 2012-2013 budget of $319,055, a slight increase of $1,259.
A fund balance appropriation of $7,905 is projected for FY 2012-13.
General fund allocations for FY 2012-13 are projected as: governing body $21,602; administration $141,500; elections $0; public safety $24,000; sanitation $46,300; utilities $12,000; streets $52,150; parks and recreation $21,503.
Available revenues for FY 2012-13 are projected as: current year’s real estate taxes $45,000; prior year’s property taxes $26,100; prepaid property taxes $0; motor vehicle taxes $25,000; penalties, interests and advertising $650; interest on investments $50; local option sales tax $140,000; franchise utility tax $18,000; county grant $4,200; state grants $52,150; fund balance appropriations $7,905.
According to the town’s Finance Director and Budget Officer, Mary Magee, the town will have a fund balance of approximately $25,000 following the appropriation.
No new hires, layoffs or pay changes for town employees have been discussed.
The town has applied for a $75,000 water and sewer grant and a North Carolina Catalyst grant in the amount of $500,000 to be used for the construction of a community building. The town expects to have more information about the status of the grants in July.