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PACKET for Pre-Budget Meeting 3-19-05
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PACKET for Pre-Budget Meeting 3-19-05
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11/2/2016 12:07:21 PM
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7/31/2025 11:04:19 AM
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Minutes
Date
3/19/2005
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• <br /> <br />General ]Fund I~[®del <br />Fund Balance -Beginning Fund Balance <br />Fund Balance -Total Revenues less Total Exp. <br />Difference -Estimated ending fund balance <br />Required Working Capital -calculated as 3 months of <br />operating expenditures -requirement per financial policy <br />Difference -Excess or shortage of fund balance <br />compared to the required amount. <br />is <br /> <br />General fund 1V~®del <br />$.U1= -This row shows the how much revenue would be <br />generated fora 1 cent increase in the property tax rate. <br />Inc/Dec Property Tax -This row shows the amount that <br />the property tax rate would have to increase by in order to <br />maintain the required working capital. <br />Tax Rate -This row shows what the tax rate would be for <br />each year. <br />At the bottom of worksheet: <br />Assessed Value (Allocated to General Fund) - $ 956,400,375 <br />Multiply by 98.5% (Estimated Collection Rate) - $ 942,054,369 <br />Divide by 100 to get estimated tax collections - $ 9,420,544 <br />Amount generated by 1 penny - $ 94,205 <br />is <br /> <br />2-4 <br />
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