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Las Vegas City Commission Minutes, May 14, 1929 to February 11, 1937, lvc000003-440

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SCHEDULE No. 2A Bonded Indebtedness of the City of Las Vegas, Nevada. Name of bond date of issue inst rate Amount of issue Annual requirements 1936 Total outstanding Redemption inst total December 31 '35 60.00 L.V. Highway Bonds July 1924 6% $50,000.00 2,000.00 1680.00 3740.00 28,000.00 1928 P and C imp.A July 1929 5% 12,000.00 1,000.00 285.00 1225.00 5,000.00 1930 P and C " AJ Jan. 1930 4¾% 18,000.00 1,000.00 707.50 1,707.50 12,000.00 1930 P and C " B Jan. 1930 6% 10,000.00 1,000.00 227.50 1,227.50 4,000.00 L.V. Sewage 1931 Dec. 1931 6% 154,000.00 8,000.00 7920.00 15,920.00 136,000.00 13,000.00 10820.00 23,820.00 185.000.00 Bonded Indebtedness of Assessed Property of Las Vegas, Nevada. 1928 P and c Imp#ll Jan. 1929 6½% 43,778.80 4,377.88 853.68 5231.56 13,133.64 1930 P and C " #13 May 1930 7% 49,595.10 4,959.51 1388.68 6348.19 19,838.04 1930 P and C " #14 May 1930 7% 34,898.90 3,489.89 977.16 4467.05 13,959.56 12,827.28 3219.52 16046.80 46,931.24 25,827.28 14039.52 39866.80 231,931.24 BUDGET FORMULA Receipts Expenditures A. Unencumbered balance January l, 1936 $65,579.70 B. Revenue from taxes already levied 44,555.90 C. Nontax revenues 1936 84,816.70 D. Expenditures 1936 170,046.80 E. Nontax revenues 1937 60,000.00 Expenditures 1937 150,155.50 G. Balance, taxes to be levied 65,250.00 ________________ Total (Receipts equal to expenditures) $320,302.30 $320,202.30 H. Divide G. by assessed valuation to find tax rate $ 1.45 Section 2, Chapter 44, Statutes of Nevada 1935:"--- Upon the preparation of said budget, it shall be signed by the governing board of such City, town, municipality, school district, county high school or high school district, or educational district, and the several sums set forth in said budget under 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 for the year 1936. L.L. Arnett Mayor. Jas. H. Down, Councilman David Farnsworth Councilman H.P. Marble Councilman M.E. Ward Councilman. Attest: Viola Burns City Clerk Dated March 2, 1936. (City seal). Vote on the adoption of the above form of budget was as follows: Commissioners Farnsworth, Marble, and His Honor the Mayor, Commissioner Ward passing his vote, Commissioner Down, absent. Noes, none. No further business appearing before the Board at this time the meeting then adjourned.