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______VILLAGE OF CLOUDCROFT_____

2005 /2006  FINANCIAL PROFILE

**POPULATION:   1990:      636            -    2000:     749            + 113        or      +17.8 %


**GROSS RECEIPTS TAX  DISTRIBUTED

$      1,200,507.00

**SMALL CITIES ASSISTANCE

$           35,000.00

**LODGERS TAX RATE       

$         119,108.00

**Cigarette Tax

$             2,664.61

**State Fire Allotment

$         102,778.00

**State Law Enforcement

$           21,800.00

**GASOLINE TAX 1 CENT DISTRIBUTED          

$             9,052.29

 

 

**MUNICIPAL PROPERTY TAX

 

           RATE                                      

                    2.225

           REMAINING AUTHORITY

                    5.425

         REMAINING PROPERTY TAX REVENUE

$         175,128.00

 

 

**GENERAL FUND REVENUE                     

 

             ACTUAL

$          733,798.00

             BUDGET              

$          754,502.00

 

 

**GENERAL FUND DISBURSEMENTS

 

           ACTUAL

$          666,832.00

           BUDGET

$          698,771.00

**GENERAL FUND RESESRVE

$            28,196.93

**MUNICIPAL CASH BALANCE     

$       1,200,507.00

 

 

**MUNICIPAL  G. O. BOND CAPACITY:

 

   #Net  Taxable Value

$     32,281,733.00

   #Bonding Capacity

$       1,291,269.00

   #Less G.O. Bonds Outstanding

$                -0-

   #Net Bonding Capacity

$       1,291,269.00

 

 

**SCHEDULE OF OUTSTANDING DEBT

 

# G. O. BONDS

$                 -0-           

#REVENUE BONDS

$   

  GRT

$                 -0-

  UTILITY 

$            78,000.00

  OTHER                    

$                 -0-

**LOCAL OPTION TAX RATE AVAILABLE AS OF       1/1/2007
         0.25   %   MGRT;     0.125    %   MIGRT;     0.25     % MCO;   0.0625   %   ENV.
     VILLAGE RATE:      1.5625     %     TOTAL RATE :    7.0000      %

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

 

 

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