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1 7 1999 <br /> Budget Amendments <br /> Tally Sheet <br /> Department Code Rev Exp <br /> 30 PW-Engineering GGA Amendment- Public Works Riverfront Development 024A 211,913 <br /> 30 Gen'l Fund GGA Amendment-Public Works Riverfront Development 009A <br /> Narrative: <br /> This appropriation will provide additional consulting and engineering services to continue Riverfront Development <br /> projects in progress at 12/31/98 in the predesign phase. <br /> Increase PW Engineering Fund 024 Construction Expense 024-5811020586650 211,913 <br /> Decrease General Fund Ending Fund Balance 009-5980000490 211,913 <br /> • <br /> Department Code Rev Exp <br /> 32 General Fund GGA Amendment-Property Tax Correction 002A (659,061) <br /> 32 Non-Dept. GGA Amendment-Property Tax Correction 009A <br /> Narrative: <br /> The original budget estimate for 1999 property taxes assumed an AV growth of 15% bringing AV to$7.652 billion. <br /> Regular property taxes were estimated at$26,518,961 with a levy rate of$3.47/1000. The County Assessor notified <br /> the City that the actual AV growth was 7.2%bringing the preliminary AV to$7.183 billion. The levy rate for regular <br /> property taxes was restored to the maximum upper limit at$3.60/1000. Regular property taxes are revised <br /> downward to$25,859,900, a reduction of$659,000. <br /> Original Amended <br /> AV(Billions) 7.652 7.183 <br /> Regular Levy 3.466 3.600 • <br /> Property Tax Collection 26,518,961 25,859,900 (659,061) <br /> Increase General Fund Ending Fund Balance 009-5980000490 (659,061) <br /> Increase General Fund Property Tax 002-3111002000 (659,061) <br /> 85 <br /> Tally_1999.xls 4/27/1999 12:20 PM <br />