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________CITY OF JAL_________

2005/2006  FINANCIAL PROFILE

*POPULATION:   1990:     2,156             -    2000:    1,996 -  160 or   -7.4%               


**GROSS RECEIPTS TAX  DISTRIBUTED

$           737,064.00

**SMALL CITIES ASSISTANCE

$           102,410.02

**LODGERS TAX RATE       

$                   -0-

**Cigarette Tax

$               3,938.28

**State Fire Allotment

$             48,820.00

**State Law Enforcement

$             22,400.00

**GASOLINE TAX 1 CENT DISTRIBUTED          

$             11,594.07

 

 

**MUNICIPAL PROPERTY TAX

 

           RATE                                      

                    7.650

           REMAINING AUTHORITY

                    0.000

         REMAINING PROPERTY TAX REVENUE

$                    -0-

 

 

**GENERAL FUND REVENUE                     

 

             ACTUAL

$        1,135,667.00

             BUDGET              

$        1,717,087.00

 

 

**GENERAL FUND DISBURSEMENTS

 

           ACTUAL

$            966,671.00

           BUDGET

$         1,967,287.00

**GENERAL FUND RESESRVE

$            497,147.79

**MUNICIPAL CASH BALANCE     

$         1,138,549.00

 

 

**MUNICIPAL  G. O. BOND CAPACITY:

 

   #Net  Taxable Value

$         9,305,942.00

   #Bonding Capacity

$            372,238.00

   #Less G.O. Bonds Outstanding

$                -0-

   #Net Bonding Capacity

$             372,238.00

 

 

**SCHEDULE OF OUTSTANDING DEBT

 

# G. O. BONDS

$                -0-            

#REVENUE BONDS

$   

  GRT

$                 -0- 

  UTILITY 

$                 -0- 

  OTHER                    

$              83,000.00

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

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

 

 

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