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__TOWN OF LAKE ARTHUR___

2005/2006  FINANCIAL PROFILE

*POPULATION:   1990:     336              -    2000:    432  +  96 or   8.6%               


**GROSS RECEIPTS TAX  DISTRIBUTED

$           28,393.00

**SMALL CITIES ASSISTANCE

$         102,410.02

**LODGERS TAX RATE       

$                 -0-

**Cigarette Tax

$                 -0-

**State Fire Allotment

$           45,402.00

**State Law Enforcement

$           21,200.00

**GASOLINE TAX 1 CENT DISTRIBUTED          

$             5,004.00

 

 

**MUNICIPAL PROPERTY TAX

 

           RATE                                      

                    2.225

           REMAINING AUTHORITY

                    5.425

         REMAINING PROPERTY TAX REVENUE

$             6,030.00

 

 

**GENERAL FUND REVENUE                     

 

             ACTUAL

$          252,361.00

             BUDGET               

$          252,361.00

 

 

**GENERAL FUND DISBURSEMENTS

 

           ACTUAL

$          326,276.00

           BUDGET

$          326,276.00

**GENERAL FUND RESESRVE

$            44,327.00

**MUNICIPAL CASH BALANCE     

$            22,507.00

 

 

**MUNICIPAL  G. O. BOND CAPACITY:

 

   #Net  Taxable Value

$       1,111,527.00

   #Bonding Capacity

$            44,461.00

   #Less G.O. Bonds Outstanding

$                -0-

   #Net Bonding Capacity

$             44,461.00

 

 

**SCHEDULE OF OUTSTANDING DEBT

 

# G. O. BONDS

$             -0-   

#REVENUE BONDS

$   

  GRT

$             -0-

  UTILITY 

$             -0-

  OTHER                    

$             -0-

**LOCAL OPTION TAX RATE AVAILABLE AS OF       1/1/2007
         0.25   %   MGRT;     0.125    %   MIGRT;     0.25     % MCO;   0.0625   %   ENV.
     TOWN RATE:   0.7500      %     TOTAL RATE:    6.3125    %

SOURCE: *Bureau of Business & Economic Research , UNM
**N. M. Tax & Rev. Dept. & N. M. DFA. As of 6/30/2006

 

 

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