Adopted Budget Ordinances and Audited Financial Statements for former fiscal years can be located under our Archives section found on the menu of the home page. What is a budget and a budget ordinance? (1) "Budget" is a proposed plan for raising and spending money for specified programs, functions, activities or objectives during a fiscal year. (2) "Budget ordinance" is the ordinance that levies taxes and appropriates revenues for specified purposes, functions, activities, or objectives during a fiscal year. (3) "Budget year" is the fiscal year for which a budget is proposed or a budget ordinance is adopted. The budget ordinance of a unit of local government shall cover a fiscal year beginning July 1st and ending June 30th. What is an Audited Financial Statement? The Office of the State Auditor performs financial statement audits for the State of North Carolina, state agencies, state universities, community colleges and other units of state government. The objective of a financial statement audit is to determine whether an agency’s financial statements are fairly presented. The audit does not determine with absolute certainty that the financial statements are totally correct. Rather, the audit provides reasonable assurance that the financial statements are not wrong by an amount so large that it would mislead someone using them to make an important decision about the organization’s financial situation.
The Finance Director is the Department Head of the Finance Department, or pretty much the town's chief bookkeeper. They promote transparency, efficiency, and accountability. They make sure that taxpayers get the most out of their money, maintain the town's financial data, revenues and expenditures, make presentations to the Board of Aldermen as well as the public and making the information easy to understand, handle audits, and all the while making sure that they are following the guidelines, standards, and accounting principals set forth by the law in N.C. Not only do the finances of the town need to be accurate every time, but they also need to be understandable. The Finance Director is responsible for overseeing payroll, accounts payable, purchasing, all accounting, ledgers, budgeting, financial reports, insurance claims, revenue collections, revenue billing, inventory tracking, auditing, money and all other financial related matters dealing with the Town.
The amount of property tax charged to each citizen is determined using a mathematical formula. Below is an example of this calculation based on a piece of property with an appraised value of $75,000 and a tax rate of 66 cents. for example ($75,000/$100) X 0.66 = $495.00
The Town of Spring Lake contracts with the County of Cumberland to perform property value appraisal services. The County also sends out the property tax bills and collects the taxes for the Town. If a citizen has a question about their tax bill or the value assigned to their property they should contact the Cumberland County Tax Dept.
The Town of Spring Lake's Board of Aldermen set the tax rate annually when they adopt the Town budget. Once set, the rate can not be changed until the next annual budget is adopted.
The Town of Spring Lake is required by North Carolina GS Law to adopt a balanced annual budget no later than June 30th for the upcoming fiscal year. "The budget ordinance of a unit of local government shall cover a fiscal year beginning July 1st and ending June 30th."
All North Carolina counties, cities and towns are required to have a fiscal year of July 1st through June 30th.
The property taxes collect for the Town of Spring Lake are combined with other revenues to finance the operations of the General Fund. This includes police and fire protection, street maintenance, sanitation services, inspection services, administration, building maintenance, recreation and finance.
An application for a business license can be obtained from the Revenue Collections Department, located in Town Hall at 300 Ruth Street. You can give us a call and an application can be faxed to you, or you can download from our documents section on the home page.
It depends on the type of business. The Town of Spring Lake charges the basic fixed fee allowed by North Carolina State law. If you would like an estimate, you may call the Revenue Collections Department. This is located in the Water Department inside of Town Hall.
Just bring a copy of your pet’s rabies vaccination to the Revenue Collections Department. The cost is $5.00 per spayed or neutered pet and $25.00 per pet that is not spayed or neutered. Download the application from the documents section on the home page.
All Town of Spring Lake citations can be paid at the Revenue Collections Department located in the Water Department inside Town Hall at 300 Ruth Street during normal business hours of 7:30 a.m.-5:30 p.m., Monday-Thursdays or Fridays from 7:30 a.m. until NOON. This is only for Town of Spring Lake citations. State citations have to be paid at the County Courthouse located on Person Street in downtown Fayetteville.
Town of Spring Lake • 300 Ruth Street • Spring Lake, NC 28390
Town Hall: (910) 436 – 0241 • Water Department: (910) 703 – 8912
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