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• <br />CITY OF LA PORTE <br />• <br />NOTICE OF CALCULATION OF EFFECTIVE TAX RATE, ESTIMATED <br />UNENCUMBERED FUND BALANCES, AND DEBT SCHEDULE <br />I, Charlene Campbell, Tax Assessor/Collector for City of La Porte, <br />in accordance with Sec. 26.04, Property Tax Code, have calculated <br />$ .7872 per $100 of value as the tax rate which may not be exceed- <br />ed by more than three percent by the governing body of the City of <br />La Porte without holding a public hearing:_as,required by the code. <br />The estimated unencumbered fund balance. for Ma~i~tenance & Oper- <br />ation fund: $3,.64,149. <br />The estimated unencumbered fund balance for Int~rest & Sinking <br />fund : $.Q~0,,0_g3 <br />The following schedule lists debt obligations that 1985 property <br />taxes will pay: <br />General Obligation Bond and Revenue Bond Retirement Summary <br />Fiscal Year Budget 1985-1986 <br />ISSUE <br />*1956 WATER DISTRICT BONDS <br />*1962 WATER DISTRICT BONDS <br />X1963 [dATER DISTRICT BONDS <br />1965 GENERAL OBLIGATION BONDS <br />@1968 GENERAL OBLIGATION BONDS <br />*1970 WATER DISTRICT BONDS <br />@1970 GENERAL OBLIGATION BONDS <br />*1970 WATER DISTRICT BONDS <br />X1971 GENERAL OBLIGATION BONDS <br />!1973 GENERAL OBLIGATION BONDS <br />1979 GENERAL OBLIGATION BONDS <br />+1979 GENERAL OBLIGATION BONDS <br />1980 GENERAL OBLIGATION BONDS <br />1980 CERTIFICATE OF OBLIGATION BONDS <br />1984 WATER/WASTEWATER BONDS-COLLEGE VIEW <br />ESTIMATED 1985 GENERAL OBLIGATION BONDS <br />ESTIMATED 1985 REVENUE BONDS <br />NOTES PAYABLE <br />TOTAL AMOUNT <br />EEOUIREMENT- <br />$ 29,080 <br />29,000 <br />13,000 <br />50,925 <br />63,300 <br />11,950 <br />60,975 <br />3,600 <br />12,100 <br />52,350 <br />150,100 <br />22,600 <br />393,937 <br />114,100 <br />443,250 <br />700,000 <br />885,000 <br />4~.sQs <br />$3,184,176 <br />*ASSUMED BY CITY OF LA PORTE IN FAIRMONT PARK ANNEXATION. <br />!ASSUMED BY CITY OF LA PORTE IN LOMAX ANNEXATION. <br />@ASSUMED BY CITY OF LA PORTE IN COLLEGE VIEW ANNEXATION. <br />+ASSUMED BY CITY OF LA PORTE IN SPENWICK ANNEXATION. <br />CALCULATIONS USED TO DETERMINE EFFECTIVE TAX RATE <br />I. DATA <br />1. 1984 Total tax levy from the 1984 tax roll... $ <br />2. 1984 Tax rate ($.4921 M&0 and $.2207 I&S).... $ <br />3. 1984 Debt service (I&S) levy. ........... $ <br />4. 1984 Maintenance & operation (M&0)........... $ <br />5. 1984 M&0 taxes on property in territory <br /> that has ceased to be a part of unit in 1985. $ <br />6. 1984 M&0 taxes on property becoming exempt <br /> in 19 85 ...................................... $ <br />7. 1984 M&0 taxes on taxable value lost because <br /> prope rty is appraised at less than market <br /> value in 1985 ................................ $ <br />8. 1985 Total taxable value of all property..... $ <br />9. 1985 Taxable value of new improvements added <br /> since Jan. 1, 1984 ........................... $ <br />5,864,034 <br />.7128/$100 <br />1,815,646 <br />4,048,388 <br />-0- <br />49,178 <br />42,838 <br />826,090,950 <br />34,055,373 <br />~~ <br />