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_______CITY OF HOBBS_____  

2005/2006  FINANCIAL PROFILE

*POPULATION:   1990:     29,115             -    2000:    28,657 -  458 or   -1.6%                   

**GROSS RECEIPTS TAX  DISTRIBUTED	$      34,054,693.00
**SMALL CITIES ASSISTANCE	$                 -0-
**LODGERS TAX RATE	$           458,401.00
**Cigarette Tax	$             63,016.86
**State Fire Allotment	$           216,697.00
**State Law Enforcement	$             69,000.00
**GASOLINE TAX 1 CENT DISTRIBUTED	$           250,232.54
**MUNICIPAL PROPERTY TAX
RATE	5.555
REMAINING AUTHORITY	2.095
REMAINING PROPERTY TAX REVENUE	$           658,174.00
**GENERAL FUND REVENUE
ACTUAL	$        9,092,187.44
BUDGET	$      37,042,782.00
**GENERAL FUND DISBURSEMENTS
ACTUAL	$       29,375,290.04
BUDGET	$       31,733,790.00
**GENERAL FUND RESESRVE	$       18,258,732.21
**MUNICIPAL CASH BALANCE	$       30,894,379.00
**MUNICIPAL  G. O. BOND CAPACITY:
#Net  Taxable Value	$     314,164,154.00
#Bonding Capacity	$       12,566,566.00
#Less G.O. Bonds Outstanding	$                -0-
#Net Bonding Capacity	$       12,566,566.00
**SCHEDULE OF OUTSTANDING DEBT
# G. O. BONDS	$             -0-
#REVENUE BONDS	$
GRT	$             705,000.00
UTILITY	$          5,526,750.00
OTHER	$              -0-

**LOCAL OPTION TAX RATE AVAILABLE AS OF       1/1/2007
         0.25   %   MGRT;     0.125    %   MIGRT;     0.25     % MCO;   0.0625   %   ENV.
         CITY RATE:     1.4375  %     TOTAL RATE:    6.6875    %

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