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Las Vegas City Commission Minutes, August 11, 1942 to December 30, 1946, lvc000005-172

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lvc000005-172
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Las Vegas City Commission Minutes, August 11, 1942 to December 30, 1946
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SCHEDULE NO. 2A BONDED INDEBTEDNESS OP CITY OF LAS VEGAS. NEVADA - ............................................' AMOUNT ANNUAL REQUIREMENTS, 1944.......TOTAL OUTSTANDING ______NAME OF BOND________DATE OF ISSUE INT.RATE OF ISSUE Redemption Interest Total DECEMBER 31, 1944 General Obligation Bonds 1923 Highway Bonds July, 1924 6% 50,000.00 2,000.00 360.00 2,360.00 14,520.00 930 Pavement & Curb, Series (A) (January, 1930 4 3/4% 7,000.00) (January, 1930 6% 11,000.00) 1,000.00 270.00 1,270.00 5,750.00 1931 Sewerage December, 1941 6% 154,000.00 8,000.00 4,520,00 12,520.00 93,600.00 11,000.00 4,950.00 15,950.00 113,870.00 Assessment Bonds 1937 Pavement and Curb Improvement, Assess. #37 January, 1937 7% 15,154.55 1,500.00 420.00 1,920.00 7,050.00 1,500.00 420.00 1,920.00 7,050.00 Page 5 BUDGET FORMULA RECEIPTS EXPENDITURES A. Unencumbered balance January 1, 1944 . . $ 49,668.95 B. Revenue from taxes already levied . . . 114,100.00 C. Nontax revenues 1944 . ................ 434,648.75 D. Expenditures 1944 .................... $592,148.75 E. Nontax revenues 1945 ........ ..... 373,731.05 F. Expenditures 1945 . .................. 542,000.00 G. Balance, taxes to be levied .......... 162,000.00 ___________ Total (Receipts equal expenditures). $1,134,148.75 $1,134,148.75 H. Divide G. by assessed valuation to find tax rate . ................. 1.50 1.50 Section 2, Chapter 44, Statutes of Nevada 1935: * * Upon the preparation and completion of said budget, it shall be signed by the governing board of such town, city, municipality, school district, county high school or high school district, or educational district, and the several sums set forth in said budget under estimated expenditures for the then current year shall be thereby appropriated for the several purposes therein named for the said then current year. We hereby approve the above budget of the city of Las Vegas for the year 1944 s/ E. W. Cragin MAYOR _____s/ Walter B. Bates____________ Councilman _____s/ A. Corradetti______________ Councilman s/ A. F. Smith, Sr.______ Councilman Attest: s/ Helen Scott Reed_______ City Clerk Dated______4/7_______, 1944__ Page 4