7-21-18. Computation of amount to be raised by property tax.
Before October first in each fiscal year and after the annual budget for the following fiscal year has been approved and adopted, the board shall compute and determine:
(1)The total amount of all appropriations contained in the budget for the next fiscal year, and payable out of each particular fund;
(2)The total amount of revenue, except taxes on real property, likely to be received by each particular fund during the next fiscal year from all sources which includes the unobligated fund balance of each particular fund and excludes amounts authorized by law to be held in reserve;
(3)The difference between the total amount determined in subdivision (2) above, and the total amount determined in subdivision (1) above, and to the amount of such difference for each particular fund shall be added an amount equal to five percent of the total amount of all appropriations payable out of such fund during the next fiscal year and the total of such two amounts shall be the amount necessary to be raised for such fund during the next fiscal year by taxes on real property.
Source: SL 1927, ch 79, §17; SDC 1939, §12.2015; SL 1981, ch 56, §1; SL 1992, ch 80, §2; SL 1993, ch 86, §36.
Structure South Dakota Codified Laws
Chapter 21 - County Budget And Appropriations
Section 7-21-1 - Definition of terms.
Section 7-21-2 - Commissioners to adopt annual budget.
Section 7-21-3 - Auditor's annual report of transactions for previous fiscal year.
Section 7-21-4 - Filing and examination of auditor's report.
Section 7-21-5 - Preparation and filing of provisional budget.
Section 7-21-6 - Contents of provisional budget.
Section 7-21-6.1 - Line item for contingencies included in annual budget--Amount and source.
Section 7-21-8 - Publication of notice of commissioners' budget meeting.
Section 7-21-8.1 - Publication of text of provisional budget.
Section 7-21-9 - Commissioners' meeting for consideration of budget--Hearing of interested persons.
Section 7-21-10 - Amendment and correction of provisional budget by commissioners.
Section 7-21-11 - Maximum expenditures authorized in final budget.
Section 7-21-12 - Resolution adopting provisional budget--Publication of adopted budget.
Section 7-21-13 - Signing, attestation, and filing of final budget.
Section 7-21-14 - Trust imposed by adoption of budget.
Section 7-21-15 - Submission of budgets and tax levies to secretary of revenue.
Section 7-21-16 - Debts and liabilities exceeding maximum tax levy prohibited.
Section 7-21-16.2 - County authorized to issue promissory notes.
Section 7-21-16.3 - Borrowing limit.
Section 7-21-16.4 - Reduction of borrowing limit for outstanding warrants or promissory notes.
Section 7-21-16.5 - Interest rate--Signatures.
Section 7-21-16.6 - Notes not paid in full within term.
Section 7-21-18 - Computation of amount to be raised by property tax.
Section 7-21-18.1 - Unassigned general fund balance limitation.
Section 7-21-19 - Annual tax levy on property--Limitation on levies to be observed.
Section 7-21-20 - Appropriations to be within budget--Additions to budget prohibited.
Section 7-21-20.1 - State and federal grants expended without budget--Publication.
Section 7-21-21 - Supplemental budget for unanticipated disaster.
Section 7-21-23 - Procedural requirements for supplemental budgets.
Section 7-21-24 - Notice to county agencies of budget amounts.
Section 7-21-25 - Debts and liabilities exceeding appropriated amounts prohibited.
Section 7-21-26 - Excessive debts, liabilities, and payments void.
Section 7-21-29 - Proration of appropriations covering more than one year.
Section 7-21-30 - Constructive knowledge of county financial condition and limitations.
Section 7-21-32.2 - Transfer of appropriation for contingencies.
Section 7-21-33 - Uncollected taxes not considered asset in computing debt limitation.
Section 7-21-35 - Annual determination of delinquent real estate taxes.
Section 7-21-36 - Annual determination of warrants, claims and liabilities outstanding.
Section 7-21-38 - Form of certificates of indebtedness against delinquent tax fund.
Section 7-21-39 - Sale or exchange of delinquent tax certificates of indebtedness.
Section 7-21-41 - Resolution creating delinquent tax fund--Tax collections paid into fund.
Section 7-21-42 - Redemption of certificates of indebtedness from delinquent tax fund.
Section 7-21-43 - Apportionment of unused balance in delinquent tax fund.
Section 7-21-44 - Unused appropriations terminated at end of year--Consideration in next budget.
Section 7-21-44.1 - Unused contingency funds terminated at end of year.
Section 7-21-49 - Transfer of unused balance of special funds.
Section 7-21-51 - Accumulation of funds for capital outlay purposes.
Section 7-21-52 - Authority to create depreciation reserve for capital acquisitions.