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2000 <br /> Budget Adjustments <br /> Tally Sheet <br /> Department Code Rev Exp FB <br /> GGA-9 General Fund GGA Amendment-Property Tax Correction 002A (1,057,554) <br /> GGA-9 Non-Dept. GGA Amendment-Property Tax Correction 009A (1,057,554) <br /> In February 2000,the County Assessor notified the City that our assesed valuation (AV)had been adjusted. <br /> Regular property taxes have been adjusted downward from$26,192,528 to$25,891,559,a reduction of <br /> $300,969. In July the Assessor notified the City that the AV was reduced further due to a negotiated revalue <br /> of a major taxpayor. The result was a refund of 1999 taxes,and a reduction of 2000 taxes decreasing regular <br /> property taxes by an additional$756,585. <br /> NGA-6 <br /> Decrease General Fund Ending Fund Balance 009-5980000490 1,057,554 <br /> Decrease General Fund Property Tax 002-3111002000 1,057,554 <br /> Department Code Rev Exp FB <br /> GGA-10 General Fund GGA Amend-Motor Vehicle Excise Tax(MVET)Backfill 002A 240,990 <br /> GGA-10 Non-Dept. GGA Amend-Motor Vehicle Excise Tax(MVET)Backfill 009A 240,990 <br /> The recently adopted State budget includes monies to help municipalities shoulder the impacts of 1-695 with <br /> MVET Backfill in the amount of$240,990 for the budget year 2000. <br /> Budget Committee 2/1/00 GGA-11,GGA-12, NGA-5 <br /> Increase General Fund Ending Fund Balance 009-5980000490 240,990 <br /> Increase General Fund MVET Revenues 002-3350083000 240,990 <br /> Tally 2000.xls 7/24/00 9:32 AM <br />