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____CITY OF LOVINGTON____
                                                            
2005/2006  FINANCIAL PROFILE

*POPULATION:   1990:      9,322      -    2000:   9,471     +   149   1.6 %

**GROSS RECEIPTS TAX  DISTRIBUTED	$           4,645,842.00
**SMALL CITIES ASSISTANCE	$              103,113.00
**LODGERS TAX RATE	$                44,997.00
**Cigarette Tax	$                18,436.25
**State Fire Allotment	$                51,389.00
**State Law Enforcement	$                29,600.00
**GASOLINE TAX 1 CENT DISTRIBUTED	$              133,155.00
**MUNICIPAL PROPERTY TAX
RATE	5.650
REMAINING AUTHORITY	2.000
REMAINING PROPERTY TAX REVENUE	$                93,144.00
**GENERAL FUND REVENUE
ACTUAL	$          9,232,167.00
BUDGET	$          8,360,040.00
**GENERAL FUND DISBURSEMENTS
ACTUAL	$          8,689,081.00
BUDGET	$          8,208,379.00
**GENERAL FUND RESESRVE	$          2,052,095.00
**MUNICIPAL CASH BALANCE	$          3,136,616.00  G.E.
	$          4,632,924.00 All Funds
**MUNICIPAL  G. O. BOND CAPACITY:
#Net  Taxable Value	$         46,572,100.00
#Bonding Capacity	$           1,862,884.00
#Less G.O. Bonds Outstanding	$                -0-
#Net Bonding Capacity	$           1,862,884.00
**SCHEDULE OF OUTSTANDING DEBT
# G. O. BONDS	$                -0-
#REVENUE BONDS	$
GRT	$                 -0-
UTILITY	$              315,531.00
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:   1.3750    %     TOTAL RATE:   6.6250   %

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