O-2004-2763 - Laserfiche WebLink

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Statement of IncreaselDecrease If City .. Porte adopts a 2004tax rate equal to the effective tax rat" $0.716 per $100 o.e, taxes would increase compared to 2003 taxes by $1 tWi. Schedule A . Unencumbered Fund Balances The following estimated balances will be left in the unit's property tax accounts at the end of the fiscal year. These balances are not encumbered by a corresponding debt obligation. Type of Property Tax Fund General Fund Debt Service Fund Balance $7,308,467 $1,581,505 Schedule B - 2004 Debt Service The unit plans to pay the following amounts for long-term debts that are secured by property taxes. These amounts will be paid from property tax revenues (or additional sales tax revenues, if applicable). Principal or Interest to be Contract Payment Paid from Description to be Paid from Property of Debt Property Taxes Taxes Other Amounts to be Paid Total Payment 1994 General $905,000 $23,077 $0 $928,077 Obligation Bonds 1998 General $125,000 $84,219 $0 $209,219 Obligation Bonds 2000 General 5150,000 5144,344 $0 $294,344 Obligation Bonds 2000 Certificate $150,000 $130,050 $0 $280,050 of Obligation Bonds 2002 General $239,895 $0 $0 $239,895 Obligation Bonds Total Required for 2004 Debt Service $1,951,585 . Amount (if any) paid from funds listed in Schedule A $100,000 - Amount (if any) paid from other resources $280,050 - Excess collections last year $0 = Total to be paid from taxes in 2004 $1,571,535 + Amount added in anticipation that the unit will $0 collect only 100.00'10 of its taxes in 2004 = Total Debt Levy $1,571,535 This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full calculations at604 W. Fainnont Parkway, La Porte, TX 77571. Name of person preparing this notice: Katherine R Powell Title: Tax Manager Date Prepared: August 18, 2004