Las Vegas City Commission Minutes, February 17, 1937 to August 4, 1942, lvc000004-12

SCHEDULE NO. 2A BONDED INDEBTEDNESS OF CITY OF LAS VEGAS, NEVADA Annual requirements total outstanding Name of Bond Date of issue Inst. rate. Amt. of issue Red. Inst. Total December 31,1936 L.V. Highway July 1924 6% 50,000.00 2000.00 1,500.00 3500.00 26,000.00 1928 P & C Imp. A July 1928 5% 12,000.00 1000.00 175.00 1175.00 4,000.00 1930 P & C Ser. A Jan 1930 lm 4 3/4% 18 000.00 1000.00 647 50 1647.50 11,000.00 1930 P & C " B Jan 1930 1M 4 3/4% 10,000.00 1000.00 167.50 1167.50 3,000.00 L.V. Sewerage Bonds Series 1931 Dec 1931 6% 154,000.00 8000.00 7440.00 15440.00 128.000.00 13000.00 9930.00 22930.00 172,000.00 ISSUED AGAINST ASSESSED PROPERTY 1928 P and C AssNt.ll Jan 1929 6½% 43,778.80 4377.88 569.13 4947.01 8,755.76 1930 P and C " 13 May 1930 7% 49,595.10 4959.51 1041.50 6001.01 14,878.53 1930 P and C " 14 May 1930 7% 34,898.90 3489.89 732.88 4222.77 __10,469.67 12837.28 2343.51 15170.79 34,103.96 Page 5. BUDGET FORMULA Receipts Expenditures A. Unencumbered balance January 1, 1937 $39,842.99 B. Revenue from taxes already levied 42,601.56 C. Nontax revenues 1937 94,170.79 D. Expenditures 1937 $170,005.79 E. Nontax revenues 1938 54,500.00 F. Expenditures 1938 132,159.65 G. Balance, taxes levied 71.050.00 __________ Total (Receipts equal expenditures) $302,165.34 $302,165.34 H. Divide G. by assessed valuation to find tax rate 1.45 We hereby approve the above budget of the City of Las Vegas for the year 1937 L.L. Arnett Mayor. Jas H. Down, Councilman Herbert Krause, Councilman H.P. Marble, Councilman H.L. Perry, Councilman Attest; Viola Burns, City Clerk Dated Mar. 1, 1937. Page 6. FORM FOR PUBLICATION CITY BUDGET 1937. Estimated Receipts and Expenditures of the City of Las Vegas for the Year Ending December, 31, 1937 as provided by Section 2, Chapter 44, Statutes of Nevada, 1935. ASSESSED VALUATION. Actual Estimated Assessed Valuation: 1936 1937 Real estate and improvements $4,256,376.00 $4,250,000.00 Personal property 470.981.00 ______650.000.00 TOTAL 4,727,357.00 4,900,000.00 Receipts: Actual Estimated 1936 1937 Licenses 64,275.20 60,500.00 Fines and fees 10,131.70 9,000.00 Permits and inspections 2,262.60 1,500.00 Poll Taxes 8,386.00 6,500.00 Rentals and sales 2,692.58 1,500.00 Miscellaneous assessments #11,13,14 17,326.88 15,170.79 Taxes collected 69.930.66_______66,320.79 $175,005.62 160,320.79 Expenditures: General Fund -0- 30,000.00 Administration 13,712.09 12,105.00 Police department 35,722.39 24,200.00 Fire department 4,961.73 2,520.00 Streets and alleys 39,642.52 21,700.00 Power, light and water 19,263.03 9,050.00 City court and legal expenses 4,799.58 4,000.00 Health and sanitation 11,892.92 6,350.00 Sewage disposal 8,201.73 3,160.00 City Parks 8,338.64 8,020.00 Debt redemption and interest 29,746.80 38,100.00 Miscellaneous 13,867.64 5,800.00 Publicity _ -0- 5.000.00 TOTAL 200,149.08 170,005.79 City tax rate 1.40 1.45 The above is a true and correct statement of the estimated receipts and expenditures of the City of Las Vegas, for the current year as required by Section 2, Chapter 44, Laws of Nevada 1935. Attest: Viola Burns (Signed) L.L. Arnett City Clerk Mayor. Dated March 1, 1937. Vote on the adoption of the budget was as follows: Commissioners Down, Krause Marble and Perry and His Honor the Mayor voting aye. Noes, none