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______TOWN OF TATUM______

2005 /2006  FINANCIAL PROFILE

*POPULATION:   1990:     768      -    2000:          683      - 85      or      - 11.1 %


**GROSS RECEIPTS TAX  DISTRIBUTED

$       411,348.00

**SMALL CITIES ASSISTANCE

$         35,000.00

**LODGERS TAX RATE       

$                 -0-  

**Cigarette Tax

$           2,201.43

**State Fire Allotment

$           46,251.00

**State Law Enforcement

$           14,320.00

**GASOLINE TAX 1 CENT DISTRIBUTED          

$           13,674.38

 

 

**MUNICIPAL PROPERTY TAX

 

           RATE                                      

                    4.225

           REMAINING AUTHORITY

                    3.425

         REMAINING PROPERTY TAX REVENUE

$           10,855.00

 

 

**GENERAL FUND REVENUE                     

 

             ACTUAL

$          652,794.00

             BUDGET              

$          565,953.00

 

 

**GENERAL FUND DISBURSEMENTS

 

           ACTUAL

$          653,321.00

           BUDGET

$          578,808.00

**GENERAL FUND RESESRVE

$            50,000.00

**MUNICIPAL CASH BALANCE     

$          375,735.00

 

 

**MUNICIPAL  G. O. BOND CAPACITY:

 

   #Net  Taxable Value

$       3,169,328.00

   #Bonding Capacity

$          126,773.00

   #Less G.O. Bonds Outstanding

$                -0-

   #Net Bonding Capacity

$          126,733.00

 

 

**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 :    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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