County reviews proposed budget
BAKERSVILLE – The Mitchell County Board of Commissioners at a special meeting this past week reviewed the proposed county budget for the 2018-19 fiscal year.
County Manager Kathy Young presented the budget, which calls for $20,129,771 for all county operations, capital improvements and debt service requirements. The budget represents a decrease from the current fiscal year’s amended budget, which totals $20,538,040.
The proposed budget balances with a tax rate of $0.58 per $100 based on current value of real, personal and vehicle property valuation of $1,789,899,828.
The revenue is based on a tax collection rate of 96.49 percent as of June 30, 2017.
“I appreciate all the hard work and cooperation of everyone who assisted me with this budget,” Young said. “I, along with the department heads, am committed to being fiscally responsible and accountable.”
The budget is structured similarly to previous years with 71 percent allocated for all department operations, services and capital expenditures while 28 percent is set aside for outside agency funding, including schools, and 1 percent for debt service, revaluation fund and contingency requirements.
“I would like to thank our Board of Commissioners for their commitment to the citizens of Mitchell County and the continued support over the fiscal concerns of our county,” Young said. “I would like to express my sincere gratitude to Finance Officer Mavis Parsley for her dedication, support and excellence in maintaining the financial records of the county.”
The board will vote on the budget June 14 during a special meeting.