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MUNICIPAL SERVICE DISTRICT FUND
Municipal Service District
MISSION
The mission of the Municipal Service District Fund was authorized by the General Assembly in North
Carolina G.S. 160A-536(a)(6), Session Law 2011-072 for the purpose of converting private residential
streets to public streets for specific neighborhoods.
SERVICE TO COMMUNITY
The tax levied on those Municipal Service District properties will pay for the conversion cost of those
private streets to public standards and streets will be publicly maintained.
BUDGET NOTES
New Initiatives & Priorities
Cost Value
None
$0.00
Note: FY20 Proposed budget is balanced between revenues and expenditures as required by the Local Government Budget and
Fiscal Control Act and therefore the ending fund balance does not reflect growth. However, there are no planned expenses for FY20
that will allocate the realized revenue collected within that fiscal year to improve fund balance at year end.
Municipal Service District
2017 Actuals
2018 Actual
2019 Estimated 2020 Proposed
Ad Valorem Service District Taxes
94,200
$
95,993
$
98,800
$
100,700
$
Investment Earnings
630
$
3,477
$
-
$
-
$
Transfer In from General Fund
-
$
110,000
$
110,000
$
110,000
$
Appropriation of Fund Balance
327,182
$
-
$
264,200
$
-
$
Total Revenues
422,012
$
209,470
$
473,000
$
210,700
$
Year Over Year % Change Total
25.3%
-50.4%
125.8%
Year Over Year $s Change Total
85,343
$
(212,542)
$
263,530
$
2017 Actuals
2018 Actual
2019 Estimated 2020 Proposed
Operations
327,182
$
193
$
473,000
$
210,700
$
Total Expenditures
327,182
$
193
$
473,000
$
210,700
$
Year Over Year % Change Total
157199.0%
-99.9% 244977.7%
Year Over Year $s Change Total
326,974
$
(326,989)
$
472,807
$
Ending Fund Balance
215,286
$
424,564
$
424,564
$
424,564
$