Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
O-2011-3380 establishing the Tax Rate for the 2011-2012 Fiscal Year
�b L l - ORDINANCE NO. AN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED WITHIN AND SUBJECT TO TAXATION IN THE CITY OF LA PORTE, TEXAS; MAKING APPROPRIATIONS FOR SUPPORT, MAINTENANCE, AND IMPROVEMENT OF THE CITY GOVERNMENT OF SAID CITY OF LA PORTE; FINDING THAT ALL REQUIRED NOTICES HAVE BEEN PUBLISHED AND ALL REQUIRED HEARINGS HELD; CONTAINING A REPEALING CLAUSE; CONTAINING A SEVERABILITY CLAUSE; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE Section 1. That there is hereby levied for the fiscal year beginning October 1, 2011, and ending September 30, 2012, on all real property situated and all personal property owned within the taxable limits of the said City of La Porte, on the first day of January, 2011, except so much as may be exempt under the constitution and laws of the United States, this State, and the Cityof La Porte, the following taxes: (1) An Ad Valorem Tax of and at the rate of sixty and five tenths cents ($.605) on the one hundred dollars ($100.00) cash value thereof, estimated in lawful currencyof the United States for the current expenses for the support, maintenance, and improvement of the City Government of said City of La Porte; and (2) An Ad Valorem Tax of and at the rate of ten and five tenths cents ($.105) on the one hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United States, to pay current Interest on and provide one year's sinking fund and to pay all of the Principal and Interest accruing on all outstanding general obligation bonds and certificates of obligation lawfully issued by the City of La Porte. That this provides the sum of total Ad Valorem tax at the rate of seventy-one cents ($.71)on the one hundred dollars ($100.00) cash value thereof, estimated in lawfu(currency of the United States. Section 2. All property upon which a rate of taxation is hereinabove levied shall be assessed on a ratio of one hundred percent (100%) of the estimated market value thereof. Section 3. That the sums hereinafter accruing and collected from the hereinabove taxes so levied be and the same are hereby appropriated for the support, maintenance, and improvement of the City Government of the City of La Porte. Section 4. The City Council officially finds, determines, recites and declares that all notices required by law have been published, and that a public hearing as required by law was duly called and held, and that all matters prerequisite to the establishment and levy of an ad valorem tax have been accomplished, all as required by the laws of the State of Texas, and the Home Rule Charter of the City of La Porte. Section 5. If any section, sentence, phrase, clause, or any part of any section, sentence, phrase, or clause, of this Ordinance shall, for any reason, be held invalid, such invalidity shall not affect the remaining portions of this Ordinance, and it is hereby declared to be the intention of this City Council to have passed each section, sentence, phrase, or clause, or part thereof, irrespective of the fact that anyother section, sentence, phrase, or clause, or part thereof, maybe declared invalid. S ction 6. All ordinances or parts of ordinances in conflict herewith are hereby repealed to the extent of such conflict only. Section 7. The City Council officially finds, determines, recites and declares that a sufficient written notice of the dale, hour, place, and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall of the City for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required. Section 8. This Ordinance shall be in effect from and after its passage and approval. PASSED AND APPROVED this the 26th day of September, 2011. CITY OF t.AIPOWEI TEXAS I SIMMI-W .. - - ,J APPROVED: Clark T. Askins, Assistant City Attorney 2011 Property Tax Rates in City of La Porte This notice concerns the 2011 property tax rates for City of LaPorte. It presents information about three tax rates. Last year's tax rate is the actual tax rate the taxing unit used to determine property taxes last year. This year's effective tax rate would impose the same total taxes as last year if you compare properties taxed in both years. This year's rollback tax rate is the highest tax rate the taxing unit can set before taxpayers start rollback procedures. In each case these rates are found by dividing the total amount of taxes by the tax base (the total value of taxable property) with adjustments as required by state law. The rates are given per $100 of property value. Last year's tax rate: Principal or Contract Last year's operating taxes $13,577,184 Last year's debt taxes $2,356,371 Last year's total taxes $15,933,555 Last year's tax base $2,244,162,676 Last year's total tax rate $0.710/$100 This year's effective tax rate: Last year's adjusted taxes $15,220,968 (after subtracting taxes on lost property) 219,840 This year's adjusted tax base $2,123,919,068 (after subtracting value of new property) Certificate of Obligation =This year's effective tax rate $0.716/$100 (Maximum rate unless unit publishes notices and holds hearings.) This year's rollback tax rate: General Obligation Bonds, Last year's adjusted operating taxes 240,142 (after subtracting taxes on lost property and adjusting for any $12,885,102 transferred function, tax increment financing, state criminal justice General Obligation Bonds, mandate, and/or enhanced indigent healthcare expenditures) 43,258 This year's adjusted tax base $2,123,919,068 =This year's effective operating rate $0.607/$100 x 1.08—this year's maximum operating rate $0.655/$100 + This year's debt rate $0.1051$100 = This year's total rollback rate $0.760/$100 Statement of Increase/Decrease If City of La Porte adopts a 2011 tax rate equal to the effective tax rate of $0.716 per $100 of value, taxes would decrease compared to 2010 taxes by $-518,477. Schedule A - Unencumbered Fund Balance 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 Balance General Fund 11,849,850 General Debt Service Fund 3,117,689 Schedule B - 2011 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). Other Amounts Total Payment to be Paid 0 435,645 0 494,840 0 130,210 0 565,142 0 93,258 0 465,410 0 504,308 0 51],363 Principal or Contract Interest to be Description of Debt Payment to be Paid Paid from from Property Taxes Property Taxes General Obligation Bonds, 270,000 165,645 Series 2002 Certificate of Obligation 275,000 219,840 Bonds, Series 2004 Certificate of Obligation 75,000 55,210 Bonds, Series 2005 General Obligation Bonds, 325,000 240,142 Series 2005 General Obligation Bonds, 50,000 43,258 Series 2006 Certificate of Obligation 250,000 215,410 Bonds, Series 2006 Certificate of Obligation 200,000 304,308 Bonds, Series 2007 General Obligation 400,000 111,363 Refunding Bonds, Series 2010 Other Amounts Total Payment to be Paid 0 435,645 0 494,840 0 130,210 0 565,142 0 93,258 0 465,410 0 504,308 0 51],363 Certificate of Obligation 325,000 221,094 0 546,094 Bonds, Series 2010 Total required for 2011 debt service $3,746,270 Amount (if any) paid from Schedule A $225,000 Amount (if any) paid from other resources $1,248,271 Excess collections last year $o = Total to be paid from taxes in 2011 $2,272,999 + Amount added in anticipation that the unit will $0 collect only 100.00% of its taxes in 2011 = Total debt levy $2,272,999 This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full calculations at City Halt 604 W Fairmont Parkway, La Porte, TX 77571. Name of person preparing this notice: Katherine R Powell Title: Tax Manager Date Prepared: 09/01/2011 2011 Effective Tax Rate Worksheet City of La Porte Date: 09/01/2011 See Chapter 2 of the Texas Comptroller's 2011 Manual for Taxing Units Other than Schools for an explanation of the effective tax rate. 1. 2010 total taxable value. Enter the amount of 2010 taxable value on the 2010 tax roll today. Include any adjustments since last year's certification; exclude Section 25.25(d) one- third over -appraisal corrections from these adjustments. This total includes the taxable value $2,215,208,446 of homesteads with tax ceilings (will deduct in Line 2) and the captured value for tax increment financing (will deduct taxes in Line 14). 2.2010 tax ceilings. Counties, cities and junior college districts. Enter 2010 total taxable value of homesteads with tax ceilings. These include the homesteads of homeowners age 65 $0 or older or disabled. Other units enter 0. If your taxing units adopted the tax ceiling provision in 2010 or a prior year for homeowners age 65 or older or disabled, use this step. 3. Preliminary 2010 adjusted taxable value. Subtract Line 2 from Line 1. $2,215,208,446 4.2010 total adopted tax rate. $0.710/$100 5.2010 taxable value lost because court appeals of ARB decisions reduced 2010 appraised value. A. Original 2010 ARE Values. $97,048,721 B. 2010 values resulting from final court decisions. $86,909,293 C. 2010 value loss. Subtract B from A. $10,139,428 6.2010 taxable value, adjusted for court-ordered reductions. Add Line 3 and Line 5C. $2,225,347,874 7.2010 taxable value of property in territory the unit deannexed after Jan. 1, 2010. $0 Enter the 2010 value of property in deannexed territory. 8.2010 taxable value lost because property first qualified for an exemption in 2011. Note that lowering the amount or percentage of an existing exemption does not create a new exemption or reduce taxable value. If the taxing unit increased an original exemption, use the difference between the original exempted amount and the increased exempted amount. Do not include value lost to freeport or "goods -in -transit" exemptions. A. Absolute exemptions. Use 2010 market value: $1,006,608 B. Partial exemptions. 2011 exemption amount or 2011 percentage exemption times 2010 $16,034,727 value: C. Value loss. Add A and B. $17,041,335 9.2010 taxable value lost because property first qualified for agricultural appraisal (1- d or 1-d-1), timber appraisal, recreational/scenic appraisal or public access airport special appraisal in 2011. Use only properties that qualified for the first time in 2011; do not use properties that qualified in 2010. A. 2010 market value: $0 B. 2011 productivity or special appraised value: $0 C. Value loss. Subtract B from A. $0 10. Total adjustments for lost value. Add lines 7, 8C and 9C. $17,041,335 11. 2010 adjusted taxable value. Subtract Line 10 from Line 6. $2,208,306,539 12. Adjusted 2010 taxes. Multiply Line 4 by line 11 and divide by $100. $15,678,976 13. Enter the amount of taxes refunded during the last budget year for tax years preceding tax year 2010. Enter the amount of taxes refunded during the last budget year for taxes preceding tax year 2010. Types of refunds include court decisions, Section 25.25(b) $133,586 and (c) corrections and Section 31.11 payment errors. Do not include refunds for tax year 2010. This line applies only to tax years preceding tax year 2010. 14. Taxes in tax increment financing (TIF) for tax year 2010. Enter the amount of taxes paid into the tax increment fund for a reinvestment zone as agreed by the taxing unit. If the $591,594 unit has no 2011 captured appraised value in Line 16D, enter 0. 15. Adjusted 2010 taxes with refunds and TIF adjustment. Add Lines 12 and 13, subtract $15,220,968 Line 14. 16. Total 2011 taxable value on the 2011 certified appraisal roll today. This value includes only certified values and includes the total taxable value of homesteads with tax ceilings (will deduct in Line 18). These homesteads include homeowners age 65 or older or disabled. A. Certified values $2,041,098,822 B. Counties: Include railroad rolling stock values certified by the Comptroller's office: $0 C. Pollution control exemption: Deduct the value of property exempted for the current tax year for the first time as pollution control property (use this Line based on attorney's advice): $0 D. Tax increment financing: Deduct the 2011 captured appraised value of property taxable by a taxing unit in a tax increment financing zone for which the 2011 taxes will be deposited $71,708,219 into the tax increment fund. Do not include any new property value that will be included in Line 21 below. E. Total 2011 value. Add A and B, then subtract C and D. $1,969,390,603 17. Total value of properties under protest or not included on certified appraisal roll. A. 2011 taxable value of properties under protest. The chief appraiser certifies a list of $78,533089 properties still under ARB protest. The list shows the district's value and the taxpayer's' claimed value, if any, or an estimate of the value if the taxpayer wins. For each of the properties under protest, use the lowest of these values. Enter the total value. B. 2011 value of properties not under protest or included on certified appraisal roll. $105,020,146 The chief appraiser gives taxing units a list of those taxable properties that the chief appraiser knows are not included at appraisal roll certification. These properties also are not on the list of properties that are still under protest. On this list of properties, the chief appraiser includes the market value, appraised value and exemptions for the preceding year and a reasonable estimate of the market value, appraised value and exemptions for the current year. Use the lower market, appraised or taxable value (as appropriate). Enter the total value. C. Total value under protest or not certified: Add A and B. $183,553,235 18. 2011 tax ceilings. Enter 2011 total taxable value of homesteads with tax ceilings. These $0 include the homesteads of homeowners age 65 or older or disabled. Other units enter "0." If your taxing units adopted the tax ceiling provision in 2010 or a prior year for homeowners age 65 or older or disabled, use this step. 19. 2011 total taxable value. Add Lines 16E and 17C. Subtract Line 18. $2,152,943,838 20. Total 2011 taxable value of properties in territory annexed after Jan. 1, 2010. Include both real and personal property. Enter the 2011 value of property in territory $3,932,281 annexed. 21. Total 2011 taxable value of new improvements and new personal property located in new improvements. "New" means the item was not on the appraisal roll in 2010. An improvement is a building, structure, fixture or fence erected on or affixed to land. New additions to existing improvements may be included if the appraised value can be $25,092,489 determined. New personal property in a new improvement must have been brought into the unit after Jan. 1, 2009, and be located in a new improvement. New improvements do include property on which a tax abatement agreement has expired for 2011. 22. Total adjustments to the 2011 taxable value. Add Lines 20 and 21. $29,024,770 23.2011 adjusted taxable value. Subtract Line 22 from Line 19. $2,123,919,068 24.2011 effective tax rate. Divide Line 15 by Line 23 and multiply by $100. $0.716!$100 25. COUNTIES ONLY. Add together the effective tax rates for each type of tax the county levies. The total is the 2011 county effective tax rate. A county, city or hospital district that adopted the additional sales tax in November 2010 or in May 2011 must adjust its effective tax rate. The Additional Sales Tax Rate Worksheet (Appendix 4) on page 35 of the Texas Comptroller's 2011 Truth -in -Taxation Manual sets out this adjustment. Do not forget to complete the Additional Sales Tax Rate Worksheet if the taxing unit adopted the additional sales tax on these dates. 2011 Rollback Tax Rate Worksheet City of La Porte Date: 09/01/2011 See Chapter 3 of the Texas Comptroller's 2011 Manual for Taxing Units Other than School Districts for an explanation of the rollback tax rate. 26.2010 maintenance and operations (M&O) tax rate. $0.605/$100 27. 2010 adjusted taxable value. Enter the amount from Line 11. $2,208,306,539 28.2010 M&O taxes. A. Multiply Line 26 by Line 27 and divide by $100. $13,360,254 B. Cities, counties and hospital districts with additional sales tax: Amount of additional $0 sales tax collected and spent on M&O expenses in 2010. Enter amount from full year's sales tax revenue spent for M&O in 2010 fiscal year, if any. Other units enter 0. Counties exclude any amount that was spent for economic development grants from the amount of sales tax spent. C. Counties: Enter the amount for the state criminal justice mandate. If second or later year, $0 the amount is for increased cost above last year's amount. Other units enter "0." D. Transferring function: If discontinuing all of a department, function or activity and transferring it to another unit by written contract, enter the amount spent by the unit discontinuing the function in the 12 months preceding the month of this calculation. If the $0 unit did not operate this function for this 12 -month period, use the amount spent in the last full fiscal year in which the unit operated the function. The unit discontinuing the function will subtract this amount in H below. The unit receiving the function will add this amount in H below. Other units enter 0. Enter a negative value if discontinuing a function, or enter a positive value if receiving the function. E. Taxes refunded for years preceding tax year 2010: Enter the amount of M&O taxes $116,442 refunded during the last budget year for tax years preceding tax year 2010. Types of refunds include court decisions, Section 25.25(b) and (c) corrections and Section 31.11 payment errors. Do not include refunds for tax year 2010. This line applies only to tax years preceding tax year 2010. F. Enhanced indigent health care expenditures: Enter the increased amount for the current year's enhanced indigent health care expenditures above the preceding tax year's $0 enhanced indigent health care expenditures, less any state assistance. G. Taxes in TIF: Enter the amount of taxes paid into the tax increment fund for a reinvestment zone as agreed by the taxing unit. If the unit has no 2011 captured appraised $591,594 value in Line 16D, enter 0. H. Adjusted M&O Taxes. Add A, B, C, E and F. For unit with D, subtract if discontinuing function and add if receiving function. Subtract G. $12,885,102 29.2011 adjusted taxable value. Enter Line 23 from the Effective Tax Rate Worksheet. $2,123,919,068 30. 2011 effective maintenance and operations rate. Divide Line 28H by Line 29 and $0.607/$100 multiply by $100. 31. 2011 rollback maintenance and operation rate. Multiply Line 30 by 1.08. $0.655/$100 32. Total 2011 debt to be paid with property taxes and additional sales tax revenue. "Debt" means the interest and principal that will be paid on debts that: (1) are paid by property taxes, (2) are secured by property taxes, (3) are scheduled for payment over a period longer than one year and (4) are not classified in the taxing unit's budget as M&O expenses A. Debt also includes contractual payments to other taxing units that have incurred debts on $2,497,999 behalf of this taxing unit, if those debts meet the four conditions above. Include only amounts that will be paid from property tax revenue (or additional sales tax revenue). Do not include appraisal district budget payments. List the debt in Schedule B: Debt Service. B. Subtract unencumbered fund amount used to reduce total debt. $225,000 C. Adjusted debt. Subtract B from A. $2,272,999 33. Certified 2010 excess debt collections. Enter the amount certified by the collector. $0 34. Adjusted 2011 debt. Subtract Line 33 from Line 32C. $2,272,999 35. Certified 2011 anticipated collection rate. Enter the rate certified by the collector. If 100.00% the rate is 100 percent or greater, enter 100 percent. 36. 2011 debt adjusted for collections. Divide Line 34 by Line 35 $2,272,999 37.2011 total taxable value. Enter the amount on Line 19. $2,152,943,838 38.2011 debt tax rate. Divide Line 36 by Line 37 and multiply by $100. $0.105/$100 39. 2011 rollback tax rate. Add Lines 31 and 38. $0.760/$100 40. COUNTIES ONLY. Add together the rollback tax rates for each type of tax the county levies. The total is the 2011 county rollback tax rate. A taxing unit that adopted the additional sales tax must complete the lines for the Additional Sales Tax Rate. A taxing unit seeking additional rollback protection for pollution control expenses completes the Additional Rollback Protection for Pollution Control. PIN LIM: PDR SHE cx RONICLE RUNNING THE OFFENSE: Deer Park's Erin Shamburger, in yelow,, attempts to set up her teammates during a recent match against Kingwood. Deer Park getting creative m Sabatell switches up offense to get Lady Deer attack cranked up By1ASON McDANIEL CHRDNICLE CDRRESPONO ENT H6 Deer Park vol- leyball team had high expectations going into this season. The Lady Deer went un- defeated in District 22-5A play last year en route to a district championship, then they made their deep- est run in the playoffs in four years, making the re- gional quarterfinals. And so far, it looks 114 CITY OF LA PARTE SOLIMATIONS: Sealed Blots81204-yeldcles and 1 ]1 t120DS - Plastic Garbage Bags un01290 p.m., Tuesday. October 4, 2911. For questions, contact purchashg®lapodettgov. For Information to register and Md, please visit wermlaa0st0kr n?. BOUSTDN*EHR©NiCLE inst-lftet t lht- Keep memories ofyour loved ones abat chowdobdse Extend the fife of a loved ones guestbook at chroncom/obits for a year — or forever — through sponsorship, Visit chror-com/obits for details and to offer your condolences and view those from family and friends, like they're ready to do it again. They went 5-1 at the Dickinson tournament last weekend, finishing fifth, and will take at least 22 wins into their district openeragainst South Hous- ton next.week . -. Deer Park coach Gay Sabatell, who's in her 18th season, credited the play of setter Kayla Jordan, a third -year varsity letter- man, for the team's success after switching from a 6-2 3,. offense to a i „ .4. Sabatell made the move, which is a major SAIIATELL break from her typical offensive ap- proach, to free the Lady Deer up to be more cre- ative on the attack, and to compensate for the loss of Haley Hoffman. Hoffman, the 22-5A co - MVP last year, is setting at Houston Baptist now. "Kayla is meeting our team's expectations run- ning the offense," Sabatell r r 1�JAIL-1 S said. The club's other top returners are doing their part, too. Jaeie Pullig, another third -year varsity letter- man with the ability play defense or bit outside, is leading the Lady Deer in digs, and standout Haley Mueller is pacing them in ]ills and total attempts. Mueller also led the team in kills last season. She was selected by the Greater Houston Volleyball Coaches Association and VYPE magazine as one of Please see GIRLS, Page 8 `nen vbcrtursurt carne calling,. sending the Long- horns reeling —again. The Gators won 24-21 last season, handing the 'Horns their last loss of the regular season, and they had the Longhorns'- num- ber once again, taking a 21- 14 victory over -Dobie, then No. 8 in the area. Now Dobie needs a big bounce -back victory, but it will have to get it against a Humble team that has its own disappointing loss already this season — a 27- 25 season -opening setback against Channelview. ABORT THE GAME ■ Matchup: Dobie vs. Humble at When: 7 p.m. Friday, Sept. 16 ■ Where: Veterans Memo- rial Stadium ■ What's at stake: The Wildcats want to build up a little momentum before opening district play next week by making it back-to- back non -district wins this week. The Longhorns need to bounce back after falling to Dickinson last week. in Dobie players to watch: QB Blake Jackson, RB An- - y. .. Phillips credited the 0 - line for helping Robinson run wild, particularly right tackle Treg Spigner and center Josh Basquez, who both played well. ... De- fensive standouts this sea- son have included Anthony Simmons, sophomore DE Marlon Jackson and junior DE John Jones. ■ Humble: The Wildcats started strong against Channelview, taking a 12-0. lead in the second on QB Kyle Tucker's 76 -yard TD run. He ran for another TD in the fourth and also threw a score, but his three inter- ceptions and two fumbles lost by the Wildcats, were too much to overcome.... Though it was a surprise loss, maybe it shouldn't have been. Channelview, a SA club, played Humble close last season before falling 14-12. 7kchron.corr MORE ONLINE: Tune to more on high school sports today at chron.conl/ Its and ulthifatepasadena. cam 2011 PROPERTY TAX RATES IN CITY OF LA PORTE } This notice concerns the 2011 property tax rates for City of La Pnrte. It presents Information about three tax rarer. Last year's tax rate Is the refund tax rate the taxing unit used to determine property taxes last year. This year's effecfiive tax rate "Lid impose the same total taxes ee last yeas it you compare properties taxed in both years. This years rofNiack tax rate is the 11=1 t tax rate the taxing unit can set before taxpayers start rollback procedures. Irn each case these rates are found by dividing the trial afore" of taxes by the tax base (the total value of taxable property) with adusbnents as required by state law. The rates are given per $100 of property value. Last year's tax rate: Last year's operating taxes $13,577,184 Last years debt taxes $2,356,371 Last years total taxes $15,933,555 last year. tax bine $2244,169.e7fi Last year's total tax rate $0,710!$100 This years effective tax rate: Last year's adjusted taxes $15,220,968 (after subtracting taxes on IwA property) This years adjusted tax base $2,123,919,068 (after subtracting value of new propyl') = This year's effective tax rate $0.7161$100 (Maximum rate unless umft pu ttishes notices and holds hearkgs j This year's rollback tax rate: Last year's adjusted operating taxes $12,885,102 (after subtracting taxes on lost popeny and adjusting for any transferred function, tax Increment financing, state criminal Justice mandate and/or enhanced indigent health are expenditures) + This year's adjusted tax base $2,123,919,066 = This years effective upstanding rate $0,6071$100 x I.W =this years maximum operating rate $0.6551$100 + This year's debt rate $0.105/$100 = This yea's total rollback rate $0.7604100 Statement of Inc easefDeverase IF City of La Parte adopts a 2011 tax rate equal to [be effective tax rate of$0.716 per $100 of value, taxes would decrease compared to 2010 taxes by "18,471. Schedule A - Unencumbered Fund Balance The following estimated balances will be lett in the uMrs 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 Balance General ftind— $11,849,850 General Debt Service Fund $3,117,689 Schedule B - 2011 Debt Service The runt plans to pay the following arnou nts for king -tens debts that are seared by property faxes. These amounts wil be paid from property tax revenues for additional sales tart revenues, 'd applicable). Principal or Interest to be Conbaet Payment Paid from Other Description to be Paid from Property Amounts Total of Debt - Propeny Tmnes Taxes to be Paid General Obligation Bonds, Sales 2002 $270,000 $165,645 $0 $495�645t Certificate of Obligation Bonds, Series 2004 $275,000 $219,540 $0 $494,840 CeN6cate of Obligation Bonds, Series 2005 $75,000 $55,210 $0 $130,210 General Obligation Bonds, Series 2005. $325,000 $240,142 $0 $565,142 General Obligation Bonds, Series 2006 - - $50,000 $43,258 $0 $93,258 Certificate of Obligation Bonds, Seder 2006 $250,000 $215,410 . $0 $465,410 Cedifxxre of Obligation Bands, Series 2007 $200,000 $304,300 $0 $50,308 General Obligation Refuruding Bonds, Series 2010 $400,000 $111,363 $0 $511,363 Cenifi ate of Obligation Bonds, Series 2010 $325,000 .. $221,094 $0 $546,094 Total required for 2011 debt service - $3,748,270 - Amount (f any) paid from funds listed in Schedule A $225.ODD - Amount (dany) paid from other resources $1,248,271 - Excess collections last year $0 = Total to be paid tarn taxes in 2011 $2,272,999 +Amount added in antidpanm that the unit MR $O collect only 100% of Its taxes An 2017 = Total debt levy $2,272.899 This notice contains a summary of actual effective and rollback tax rales' calculations. You can inspect a copy of the full calcurations at City Hag 604 W Fairmont Parkway, La Pods, TX 77571. Name of person preparing this notice: Katherine R. Powell Title. Tax Manager Date Prepared; 09toWo11