Acct265 Ch 3 HW - $748,800 ($1,200) Business Licenses...

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Rosmic Calvo Acct 265 HW CH 3 3-5 a . Total Appropriations: $50,000,000 Less: Other Revenues (24,000,000) Amount to be Raised from Property Tax $26,000,000 b . Amount to be Raised from Property Tax $26,000,000 Divided by % Collectible 0.98 Property Tax Levy $26,530,612 c. Assessed Value of Property $600,000,000 Less: Exemptions (80,000,000) Net Assessed Value $520,000,000 Property Tax Levy $26,530,612 Property Tax Rate 0.051 d . Millage Rate $51.00 per $1000 NAV e . Assessed Valuation $60,000 Homestead Exemption ($2,000) NAV subject to tax $58,000 Property Tax Rate 0.051 Property Tax $2,958
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3-9 TOWN OF RIVERSIDE Budgetary Comparison Schedule General Fund For the Year Ended December 31, 2009 Budgeted Amounts Actual Amounts Var w/Final Budget Original Final (Budgetary Basis) Positive(Negati ve) Revenues: Property Taxes $750,00 0 $750,00 0
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Unformatted text preview: $748,800 ($1,200) Business Licenses 150,000 135,000 137,202 2,202 Total Revenues $900,00 0 $885,00 0 $886,002 $1,002 Expenditures & Encumbrances: General Government 500,000 500,000 499,200 800 Parks & Recreation 110,000 130,000 131,345 (1,345) Sanitation 90,000 90,000 91,600 (1,600) Streets & Sidewalks 160,000 160,000 157,333 2,667 Total Expenditures & Encumbrances $860,00 0 $880,00 0 $879,478 $522 Excess(Deficiency) of Revenues 40,000 5,000 6,524 1524 Over Expenditures & Encumbrances Fund Balance - Beginning 22,888 22,888 22,888 --Fund Balance - Ending $62,888 $27,888 $29,412 1524 3-1 Since my CAFR only includes the Statement of Net Assets and Statement of Changes in Net Assets, I cannot answer any of the 3-1 questions....
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This note was uploaded on 11/04/2009 for the course ACCTG 411 taught by Professor Gillick during the Spring '09 term at University of Washington.

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Acct265 Ch 3 HW - $748,800 ($1,200) Business Licenses...

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