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____VILLAGE OF CORONA____

2005 /2006  FINANCIAL PROFILE

*POPULATION:   1990:       842      -    2000:   1,443      +            601   or   71.4 %    


**GROSS RECEIPTS TAX  DISTRIBUTED

$          56,057.00

**SMALL CITIES ASSISTANCE

$          35,000.00

**LODGERS TAX RATE       

$                 -0-  

**Cigarette Tax

$                360.25

**State Fire Allotment

$           46,251.00

**State Law Enforcement

$                  -0-  

**GASOLINE TAX 1 CENT DISTRIBUTED          

$             5,004.00

 

 

**MUNICIPAL PROPERTY TAX

 

           RATE                                      

                    4.425

           REMAINING AUTHORITY

                    3.225

         REMAINING PROPERTY TAX REVENUE

$             5,344.00

 

 

**GENERAL FUND REVENUE                     

 

             ACTUAL

$          251,241.00

             BUDGET              

$          457,350.00

 

 

**GENERAL FUND DISBURSEMENTS

 

           ACTUAL

$          289,664.00

           BUDGET

$          524,872.00

**GENERAL FUND RESESRVE

$          110,403.00

**MUNICIPAL CASH BALANCE     

$          471,205.00

 

 

**MUNICIPAL  G. O. BOND CAPACITY:

 

   #Net  Taxable Value

$       1,656,996.00

   #Bonding Capacity

$            66,280.00

   #Less G.O. Bonds Outstanding

$                -0-

   #Net Bonding Capacity

$            66,280.00

 

 

**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.
         VILLAGE RATE:  1.3125    %     TOTAL RATE:    6.5625   %

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

 

 

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