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<br />
<br />TAX ADEQUACY
<br />
<br />The following calculations do not take into consideration the estimated balance in the Debt Service Fund as of 9/30/94 or future
<br />transfers from the Utility Fund to pay debt service on G.O. Bonds issued for water and sewer purposes.
<br />
<br />Maximum Year
<br />(995)
<br />
<br />$1,804,945
<br />
<br />$0.17
<br />
<br />Net
<br />
<br />tax.
<br />
<br />1 % city slaes
<br />
<br />CITY SALES TAX
<br />
<br />which authorizes the collection of a
<br />
<br />Total Collected
<br />
<br />Authorized
<br />But Unissued
<br />
<br />$ 100,000
<br />500,000
<br />2,000,000
<br />1,500,000
<br />500.000
<br />$4,600,000
<br />
<br />$ -0-
<br />2,000,000
<br />1,000,000
<br />2,500,000
<br />2.000.000
<br />$7,500,000
<br />
<br />$ 100,000
<br />2,500,000
<br />3,000,000
<br />4,000,000
<br />2.500.000
<br />$12,100,000
<br />
<br />9
<br />
<br />~
<br />
<br />Fire Station
<br />Street Improvements
<br />Drainage Improvements
<br />Sanitary Land Fill
<br />Park Improvements
<br />
<br />Average Annual
<br />0994-2005)
<br />
<br />$2,504,601
<br />
<br />$0.24
<br />
<br />The City adopted the provisions of Article 1066c, vrcs, Section 9,
<br />collections for the past several years are as follows:
<br />
<br />Calendar Year Total Collected
<br />
<br />938,303
<br />1,019,692
<br />1,229,551
<br />1,228,599
<br />1,214,420
<br />
<br />$
<br />
<br />Previously
<br />Issued
<br />
<br />C~lendar Year
<br />
<br />GENERAL OBLIGATION BONDS AUmORIZED BUT UNISSUED
<br />
<br />Arnount
<br />Authorized
<br />
<br />5/15nl
<br />6/15/85
<br />6/15/85
<br />6/15/85
<br />6/15/85
<br />
<br />Total
<br />
<br />1,
<br />
<br /> e e
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<br /> 32
<br />
<br />Estimated Debt Service Requirements including the Bonds
<br />Debt Service Fund tax levy required per $100 Assessed Valuation on total
<br />1993 Assessed Valuation 0[$1,066,420,530 @ 97% collection.
<br />
<br />I
<br />,
<br />...
<br />
<br />,
<br />
<br />t
<br />
<br />1989
<br />1990
<br />1991
<br />1992
<br />1993
<br />
<br />$505,970
<br />504,847
<br />696,656
<br />674,867
<br />808,365
<br />
<br />1984
<br />1985
<br />1986
<br />1987
<br />1988
<br />
<br />Date of
<br />Authorization
<br />
|