Las Vegas City Commission Minutes, February 17, 1937 to August 4, 1942, lvc000004-247

BUDGET FORMULA__ Page 5. Receipts Expenditures A. Unencumbered balance January 1, 1940 $53,785.83 B. Revenue from taxes already levied 36,270.90 C. Nontax Revenue 1940 127,235.00 D. Expenditures $195,457.50 E. Nontax revenues 1941 106,000.00 F. Expenditures 1941 192,457.50 G. Balance, taxes to be levied ____65.065.77 ___________________ Total (Receipts equal expenditures) 388.357.50 388,357.50 H. Divide G. by assessed valuation to find tax rate 1.251 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 city, town, municipality, school district county high school of high school district, or educational district, and the several sums set forth in said budget 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, Nevada for the year 1940. John L. Russell Mayor. Joe S. Ronnow Commissioner C.V.T. Gilbert Commissioner Herb Krause Commissioner A.L. Corradetti Commissioner Attest: Viola Burns, City Clerk Dated February 5th 1940 FORM FOR PUBLICATION___ Page 6. CITY BUDGET 1940 Estimated Receipts and expenditures of the City of Las Vegas, Nevada, for the year ending December 31, 1940 as provided by Section 2, Chapter 44, Statutes 1935. The above is a true and correct statement of the estimated receipts and expenditures of the City of Las Vegas, Nevada, for the current year as required by Section 2, Chapter 44, Laws of Nevada, 1935. Attest; Signed Viola Burns John L. Russell City Clerk Mayor Dated February 5, 1940 Vote on the adoption of the foregoing budget was Commissioners Ronnow, Gilbert, Krause and Corradetti and His Honor the Mayor voting aye. Noes, none. On motion of Commissioner Ronnow seconded by Commissioner Gilbert it was moved and carried that the for for publication of the City Budget for the year 1940 be published in the Las Vegas Age, a weekly newspaper printed and published in the City of Las Vegas, once each week for two consecutive weeks as same is required by law. Vote Commissioners Ronnow, Gilbert, Krause and Corradetti and His Honor the Mayor voting aye. Noes, none. ASSESSED VALUATION Assessed Valuation: Actual Estimated 1939 1940 Real estate and improvements personal property Net proceeds of mines _____________________________— Total $5,195,929.00 $5,200,000.00 Receipts: Actual Estimated 1939 1940 Licenses $93,101.50 $90,000.00 Fines and fees 3,948.00 3,500.00 Permits and inspections 2,913.15 2,500.00 Poll taxes 6,783.00 6,000.00 Special assessments 12,557.41 2,235.00 Rentals and sales 4,428.02 3,500.00 Garbage Disposal 4,575.40 4,500.00 Bond deposits 400.00 Emergency loan 15,000.00 Taxes collected 64,122.52 65.065.77 Total 192,829.00 192,300.77 Expenditures: Administrative 13,020.71 13,985.00 Police department 29,655.53 33,756.50 Fire department 4,392.53 5,320.00 Streets alleys 37,619.40 36,658.00 Power, light and water 8,070.69 10,776.00 City court and legal expenses 3,924.55 4,250.00 Health & sanitation 11,505.15 11,367.00 Sewage disposal 6,269.56 7,915.00 City parks 12,139.38 14,500.00 Debt redemption and interst 38,539.76 20,525.00 Miscellaneous 14,598.94 21,405.00 Memorial Building _____________________15,000.000 Total 179,736.20 195,457.50 City Tax Rate 1.251