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_____CITY OF ARTESIA_____

2005/2006  FINANCIAL PROFILE

*POPULATION:   1990:       10,610      -    2000:     10,692       +   82     or   0.8%

**GROSS RECEIPTS TAX  DISTRIBUTED	$    11,450,652.00
**SMALL CITIES ASSISTANCE	$              -0-
**LODGERS TAX RATE	$         167,874.00
**Cigarette Tax	$           32,055.30
**State Fire Allotment	$           70,232.00
**State Law Enforcement	$           34,400.00
**GASOLINE TAX 1 CENT DISTRIBUTED	$         105,984.73
**MUNICIPAL PROPERTY TAX
RATE	6.873
REMAINING AUTHORITY	0.777
REMAINING PROPERTY TAX REVENUE	$         54,856.00
**GENERAL FUND REVENUE
ACTUAL	$     12,773,000.00
BUDGET	$     11,534,000.00
**GENERAL FUND DISBURSEMENTS
ACTUAL	$     10,338,000.00
BUDGET	$     13,183,000.00
**GENERAL FUND RESESRVE	$     10,279,000.00
**MUNICIPAL CASH BALANCE	$     23,032,276.00
**MUNICIPAL  G. O. BOND CAPACITY:
#Net  Taxable Value	$   178,478,165.00
#Bonding Capacity	$       7,139,127.00
#Less G.O. Bonds Outstanding	$                -0-
#Net Bonding Capacity	$       7,139,127.00
**SCHEDULE OF OUTSTANDING DEBT
# G. O. BONDS	$             -0-
#REVENUE BONDS	$
GRT	$          225,000.00
UTILITY	$          111,000.00
OTHER	$          943,361.00

**LOCAL OPTION TAX RATE AVAILABLE AS OF       1/1/2007
         0.25   %   MGRT;     0.125    %   MIGRT;     0.25     % MCO;   0.0625   %   ENV.
     CITY RATE:     1.5625   %     TOTAL RATE:    6.8125   %

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