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Las Vegas City Commission Minutes, November 20, 1957 to December 2, 1959, lvc000011-86

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lvc000011-086
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http://n2t.net/ark:/62930/d1542n69f
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Las Vegas City Commission Minutes, November 20, 1957 to December 2, 1959
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Digitized materials: physical originals can be viewed in Special Collections and Archives reading room
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University of Nevada, Las Vegas. Libraries

TOTAL General Roll --------------------------------------------------------------------------------------- $ 111,206,937 Personal Property Collected-----------------------------------------------$ 11,541,718 Uncollected-------------------------------------------- 2,458,282 Total Personal Property ---------------------- 14,000,000 TOTAL CERTIFIED ASSESSED VALUATION $ 125,206,937 **********************************"********** 1957 - 58 LEVY AND RATE COMPARED WITH 1958-1959 1958-1959 RATE AMOUNT General Fund------------------------------—..............$ 1.120 $ 1,402,317.69 Other Funds (List) Debt Service .340 425,703.59 TOTAL $ 1.460 $ 1,838,021.28 1957-58 RATE AMOUNT General Fund --------------------------------------------- $ 1.083 $ 1,299,096.46 Other Funds (List) Debt Service .377 452,224.71 TOTAL $ 1.460 $ 1,751,321.17 SCHEDULE B CITY OF LAS VEGAS, NEVADA BUDGET FORMULA AND PUBLICATION FORM BUDGET YEAR OF 1958-59 A. EXPENDITURES. General Fund: General Administration ------------------------------------------------------------------- $ 739,433.13 Public Safety ---------------------------------------------------------------------------------- 1,712,852.00 Health and Sanitation --------------------------------------------------------------------- 226,177.00 Streets and Public Works ---------------------------------------------------------------- 825,954.00 Parks and Recreation ---------------------------------------------------------------------- 673,006.00 Other Operating Expenses ---------------------------------------------------------------- -0- TOTAL GENERAL FUND------------------------------------------------------------------------$4,177.422.12 Debt Service (Bond Retirement Fund) ---------------------------------------------------- 410,498.00 Reserve for Debt Service ---------------------------------------------------------------------- 299,597.07 TOTAL ESTIMATED EXPENDITURE And Reserves -....................................... 4,887,517.19 B. Non-Property Tax Receipts -------------------------------------------------------------- 2,732,036.27 C. ADD: Estimated Opening Cash Balance July 1, 1958 ---------------------- 332,787.98 D. Balance Required from Property Tax ----------------------------------------------- 1,828,021.28 Reserve for Delinquent Taxes and Balances (5,328.34) E. TOTAL ESTIMATED RECEIPTS and Balances (Must equal expenditures)— 4,887,517.19 F Tax rate necessary to raise "Balance Required" (Item D divided by assessed valuation of $125,206,937)---------------- 1.46 SCHEDULE C CITY OF LAS VEGAS, NEVADA GENERAL FUND RECEIPTS ESTIMATED NON-PROPERTY TAX RECEIPTS 1958-59 LICENSES: Business Licenses ------------------------------------------------------------------------- 380,000.00 Liquor Licenses --------------------------------------------------------------------------- 147,000.00 Gaming Licenses ----------------------------------------------------------- 780,000.00 Other Licenses-------------------------------—--------------------------------------- 29,160.00 Total --------------------------------------------------------------------------------------------- 1,336,160.00 3-12-58