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Lea County Financials

2005 /2006 FINANCIAL PROFILE

*POPULATION:  2000:    55,490     -     2005:     55,108  

***Balance of County:
*SQUARE MILES:            4,393             
                    
**COUNTY ROAD MILES MAINTAINED
MILES:          1,256,000            PERCENT:  4.1806 %

**COUNTY GROSS RECEIPTS DIST

$     6,678,915.09

**Lodgers Tax Receipts

$               -0-

#**PILT Receipts           

$          607,550.00

OIL & GAS revenues           (ad valorem)

$          341,833.12

*Cigarette Tax

$                   99.17

*State Fire Allotment (Fire Marshall)

$          126,764.00

*State Law Enforcement (DFA)

$            41,000.00

*Indigent Tax (County GR)          

$

**PROPERTY TAX

           REVENUE                                           

$2,514,811,196.00

            RATE

                    10.600

            REMAINING AUTHORITY   

                    1.250

            REMAINING REVENUE

$        3,143,514.00

**GENERAL FUND REVENUE                     

             ACTUAL

$      32,702,762.00

             BUDGET              

$      21,843,483.00

**GENERAL FUND DISBURSEMENTS

           ACTUAL

$      26,625,242.00

           BUDGET

$      22,871,508.00

**GENERAL FUND RESESRVE

$        6,656,310.00

**COUNTY CASH BALANCE           

$      20,500,000.00

**SCHEDULE OF OUTSTANDING DEBT

# G. O. BONDS

$                 -0-

#REVENUE BONDS

$    13,595,000.00

GRT

$                 -0-

**COUNTY G. O. BOND CAPACITY                       

   #NET TAXABLE VALUE

$ 2,514,811,197.00

   #BONDING CAPACITY

$    100,592,448.00

   #LESS G.O. BOND DEBT

$               -0-

   #NET BONDING CAPACITY

$    100,592,448.00

**GASOLINE TAX DISTRIBUTION         2006               
GEN. FUND 2 CENT      ROAD FUND 1 CENT            TOTAL
$    19,349.68              $   322,483.44                  $           341,833.12

**LOCAL OPTION TAX RATE AVAILABLE AS OF     01 /01   /2007      
    0.0625  %   CIGRT;   0.0625  %    CIGRT;          0.0625  %    CCOGRT     0.125   %    C/HOS;         
    0.125    %   L/HOS;   0.25      %     HOS/EMG;   0.0625   %    JAIL;            0.125   %    ENV;      0.25 %   FIRE
    CURRENT RATE:       COUNTY,      0.3750   %          TOTAL RATE,         5.3750    %

 #*PILT:  Payment in Lieu of Taxes.  Payments on Federal Lands owned and or  managed within the County not on local tax rolls.

SOURCE:  *Bureau of Business and Economic Research, UNM.
** N. M. Tax & Rev.Dept. & N. M. DFA.      # As of        06/30 /2006