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For the year ended June 30, 2007, taxes of 14.00 mills were levied on properly with net assessed valuations totaling $87,117,970, and were dedicated as follows:

General purposes Streets - maintenance Fire - maintenance

5.52 mills 4.24 mills 4.24 mills

Total taxes levied

$1,219,652

5) Property Taxes

The City is permitted by ordinance to levy taxes up to 14.69 mills of assessed valuation for general

governmental services. The maintenance mileages are for a adopted in July for the calendar

general purpose millage is perpetual, while the streets and fire ten year duration and expire in 2015. Property tax millage rates are year in which the taxes are levied and recorded, All taxes are due and

collectible when the assessment rolls are become delinquent after December 31 st. lien.

filed on Property

or before taxes not

November paid by the

15th of the current year, and end of February are subject to

$

Business Type Activities

$

416,463 174,032 590,495

Sales taxes Charges for services,net of allowance

Governmental Activities $ 1,213,220

for doubtful accounts of $203,738 Other

123,575 709.233 2,046,028

6) Receivables Receivables of $3,339,780 at June 30, 2007, are as follows:

Total 1,213,220

$

540,038 883,265

2,636,523

7) Capital Assets

Governmental activities: Capital assets not being depreciated: Land Construction in progress Total capital assets not being depreciated

$ 2,370,599

$

301,000

1,355,241

1,755,606

3.725,840

2,056,606

Beginning of Year

Additions

Capital assets being depreciated: Buildings Furniture and equipment Transportation equipment Infrastructure Total capital assets being depreciated

3,278,082 5,189,155 3,107,252 42,516,903

276,450 971,286 428,474 1,467,886

54,091.392

3,144,096

133,974 2,481,305

$ 2,537,625 629,542

2,615.279

3,167,167

19,347

3,535.185 6,160,441 3,329,731 43,984,789

205,995

225,342

57.010,146

$

Deletions

End of Year

38

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