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Las Vegas City Commission Minutes, November 7, 1949 to May 21, 1952, lvc000007-50

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lvc000007-050
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Las Vegas City Commission Minutes, November 7, 1949 to May 21, 1952
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SCHEDULE NO. 2A Bonded indebtedness of THE CITY OF LAS VEGAS INT. ..................ANNUAL REQUIREMENTS 1950 TOTAL OUTSTANDING NAME OF BOND_______________________DATE OF ISSUE RATE AMT, of ISSUE Redemption Interest Total DECEMBER 31, 1949 1931 Sewerage Bonds July 1, 1931 6% $1514*000.00 $8000.00 $1440.00 $9l4liO.OO $ 2U000.00 1945 Police Station Bonds Jan. 1, 1945 1.5% 1^0,000.00 7000.00 1732.50 8732.50 119000.00 1947 Police Sta.Bonds Series "A" Oct. 1, 1947 2.75% 12^000^00 6000.00 2970.00 8970.00 108000.00 19U5 Swimming Pool Bonds Jan. 1, 1946 1.75% 160,000.00 8000.00 2310.00 10310.00 136000.00 Storm Sewer Bonds Series Jan 1948 Jan. 1, 1948 2.5% 250,000.00 13000.00 6012.50 19012.50 247000.00 Swimming Pool Bonds Series "A" Apr. 1, 1947 2.25 & 3% 100,000.00 5000.00 2062.50 7052.60 90000.00 Sewage Disposal Bonds Series May 1948 May 1, 1948 3% 350,000.00 35000.00 9015.00 44015.00 315000.00 Sewer Bonds Series July 1, 1949 July 1, 1949 3% 350.000.00 8000.00 10500.00 18500.00 350000.00 $90000.00 $36,042.50 $126,042.50 $389,000.00 Matured Interest Coupon Sewage Disposal Plant Bonds Series May 1, 1948 90.00 Emergency Loans: May 1949 103000.00 Oct 1949 120000.00 Total Emergency Loans 223000.00 Total Indebtedness $1612090.00 BUDGET FORMULA RECEIPTS EXPENDITURES A. Unencumbered balance January 1, 1950 ... $ 651,975.89 B. Revenue from taxes already levied 176,372.09......................... C. Nontax revenues 1950 993.040.88- .................. D. Expenditures 1950 $1,936,561.81 E. Nontax revenues 1951 1,088,750.00 F. Expenditures 1951 1,392,934.6l G. Balance, taxes to be levied. ....... 419,357.56 _________ Total (Receipts equal expenditures). $3,329,496.42 $ 3,329,496.42 H. Divide G. by assessed valuation - .......................................................... to find tax rate 1.50 We hereby approve the above budget of the city of LAS VEGAS for the year 1950. /s/ E. W. Cragin_____________ ................... .. ......... Mayor /s/ William Peccole Councilman /s/ Robert T. Moore .................................. Councilman /s/ Reed Whipple Councilman /s/ Wendell Bunker .............. . .............................Councilman Attest: /s/ Shirley Ballinger City Clerk Dated January 24, 1950______