Finance - Budgets - FY 11/12 - Using the Levy Rate From FY 10/11 - 09/07/2011FY 11/12 - Using the Levy Rate from FY 10/11 9/7/2011
Computation of 3% budget increase:
Replacement column from the "Maximum Budget & Foregone Amount Worksheet"(1)$1,643,122
Multiply line 1 by 3%(2)$0
New Construction & Annexation budget increases:
Enter the 2010 value of district's new construction roll from each applicable
county below:
County Name
Ada County (A)21,889,214
(B)
Total of new Construction Roll Value for the District:(3)21,889,214
Enter the 2011 value of annexation from property assessed by the County (A)4,160,360
Enter the 2011 value of annexation from Operating Property.(B)0
Total Annexation Value:(4)4,160,360
Enter the total 2010 approved non-exempt levy rate:(5).000897108
New Construction Roll budget increase (multiply line 3 by line 5).(6)$19,637
Annexation budget increase (multiply line 4 by line 5).(7)$3,732
Foregone Amount:
Enter the total available foregone amount here.(8)$0
Maximum Allowable Non-exempt Property Tax Budget:
Add lines 1+2+6+7+8 (9)$1,666,491
Property Tax Replacement
Enter yearly amount of the agricultural replacement money.(10)$19
Enter recovered Homeowner's Exemption property tax.(11)$197
Enter recaptured QIE.(12)
Enter the total of lines 10, 11, and 12: (Must match col. 5 budget total of L-2).(13)$216
Maximum Allowable Non-exempt Property Tax to be Levied:
Subtract line 13 from line 9 (14)$1,666,275
TAXABLE MARKET VALUE (July):$1,859,011,827
FY 11/12 LEVY RATE: 0.000896323
FY 10/11 Levy Rate:0.000896323
FY 10/11 Taxable Market Value:1,946,017,836
Distribution of Property Tax Revenue:
Need to reduce property taxes by $15,970.00 from FY 10/11
Reduce both Library and City by $7,985.00 = 1/2 of $15,970.00
Library:
Property Tax Revenue FY 10/11 $841,292
FY 2011/12 Decrease of $26,032 which is the amount in the FY 10/11 -$26,032
budgeted for part time Library's IT Specialist Postion, LAN $815,260
Maintenance & Website Design
Library Carry Forward From FY 10/11 to FY 11/12 -80,246
FY 11/12 Library request to fund Budget Proposal Draft #8 $48,023
Library Property Tax Revenue FY 11/12 $783,037
City:
Property Tax Revenue FY 10/11 $902,969
Property Tax Revenue - FY 11/12 -$19,731
City Property Tax Revenue FY 10/11 $883,238
Total Property Tax Revenue FY 10/11 $1,666,275