Las Vegas City Commission Minutes, February 17, 1937 to August 4, 1942, lvc000004-151

1937 1938 Personal Property (County Tax roll plus Assessor's collections.) 565,831. 565.000. Total Taxable property................ 5,290,554. 5,290,000 Actual tax rate 1937 .....................................1.19½ Total City taxes levied, 1938 79,350.00 (Rate 1.50) A. Unencumbered balance in City Treasury on January 1, 1938 9,427,50 B. Revenues from taxes already levied, estimated 39,664.52 C. Nontax revenues in 1938 , Estimated 104,624.32 D. Expenditures 1938, estimated 221,624.32 E. Nontax revenues 1939, estimated 101,500.00 F. Expenditures 1939, estimated 223,260.24 Explanation A. Unencumbered balance is total balance less warrants outstanding on January 1, exclude all special funds. B. Revenues from taxes already levied would include taxes levied in the previous year and uncollected, and collections from taxes now delinquent C. See Schedule No. 1, Col. 2. D. See Schedule No. 2, Col. 2. E. See Schedule No. l., Col 3. F. See Schedule No. 2, Col. 3. AMENDED SCHEDULE NUMBER 1. REVENUES FROM NONTAX SOURCES Actual Estimated Estimated General Fund: 1937 1938 1939 Licenses. 70,909.70 65,000.00 65,000.00 Fines and Fees, 9,024.77 9,000.00 9,000.00 Permits. 2,155.45 2,000.00 2,000.00 Poll taxes 7,860.00 7,500.00 7,000.00 Sales and rentals 1,680.40 1,600.00 1,500.00 Interest on city funds. 480.78 -0- -0- Bond sales 15,154.55 Special street improvements 37,017.94 17,024.32 17,000.00 Miscellaneous 100.00 P.W.A. Grant 34,364.00 Emergency Loan - 2.500.00 Total $178,747.59 $104,624.32 $101,500.00 SCHEDULE NUMBER 2. CITY EXPENDITURES Actual Estimated Estimated 1937 1938 1939 Administration salaries 13,689.00 16,890.00 16,900.00 Administration expenses 7,159.92 8,720.00 9,000.00 Police salaries 26,504.48 27,540.00 28,000.00 Police department expenses 9,541.18 7,690.00 7,700.00 Fire department salaries 599.65 600.00 600.00 Fire department expenses 2,028.01 4,020.00 4,500.00 Street department salaries 19,103.35 12,160.00 13,000.00 Street Department expenses 23,078.28 19,575.00 19,600.00 City parks. 15,515.78 16,470.00 17,000.00 Legal expenses 6,733.30 8,500.00 8,500.00 Electric Light and Power. 10,935.27 9,800.00 9,800.00 Publicity 715.90 5,000.00 5,000.00 Sewerage disposal 5,115.58 5,400.00 5,400.00 Health and sanitation (Garbage) 7,487.82 10,500.00 10,500.00 Cemetery 4,505.82 3,500.00 3,500.00 Library 1,807.50 2,000.00 2,000.00 Insurance Fire, 1,545.79 1,500.00 1,500.00 Insurance Industrial 3,144.23 3.200.00 3.200.00 Sub total $159,210.82 $163,065.00 $165,700.00 Bond redemption 27,428.78 27,327.28 27,327,28 Bond interest 13,359.32 11,882.04 10,932.96 General 5,00 - 0 - - 0 - Special street paving 77,504.72 W.P.A. Project in progress 18,000.00 18,000.00 Emergency Loan Payment 1.350.00 1.300.00 Total $277,508.68 $221,624,32 $223,260.24 AMENDED SCHEDULE 2 A BONDED INDEBTEDNESS OF CITY OF LAS VEGAS. Name of Bond Date of Issue. Int, Rate.Amt.Of Issue Annual Requirements 1938 Total Outstanding Redemption Interest Total Dec. 31, 1937 L.V. Highway bonds July, 1924 6% $50,000.00 $2,000.00 $1,380,00 $3,380.00 $ 24,000.00 1928 Pavem't & Curb Imp.(A) July 1928 5% 12,000.00 1,000.00 125.00 1,125.00 3,000.00 1930 " " " " (A) Jan.1930 1M 4¾% 18,000.00 1,000.00 600.00 1,600.00 10,000.00 9M 6% 1930 " " " " (B) Jan 1930 1M 4¾% 10,000.00 1,000.00 120.00 1,120.00 2,000.00 1M 6% Las Vegas Sewage Series 1931 Dec.1931 6%__154.000.00 8,000.00 6,960.00 14,960.00 120,000.00 ___ $244,000.00 ASSESSMENT BONDS 1928 Pavem't & Curb Imp.#11 Jan 1938 6½% 43,778.80 4,377.88 569.12 4,947.00 4,377.88 1930 " " " " #13 May 1930 7% 49,595.10 4,959.51 694.34 5,653.85 9,919.02 1930 " " " " #14 May, 1930 7% 34,898.90 3,489.89 488.58 3,978.47 6,979.78 1937 " " " " #37 Jan. 1937 7% 15,154.55 1,500.00 945.00 2,445.00_ 13.500.00 $143,427.35 $14,327.28 $2,697.04 $17,024.32 $34,776.68 GRAND TOTAL $27,327.28 $11,882.04 $39,209.32 $193,776.68 AMENDED BUDGET FORMULA Receipts Expenditures A. Unencumbered balance January 1. 1938 $ 9,427.50 B. Revenue from taxes already levied 39,664.52 C. Nontax revenues 1938 104,624.32 D. Expenditures 1938 $221,624.32 E. Nontax revenues 1939 101,500.00 F. Expenditures 1939 223,260.24 G. Balance, taxes to be levied. 189,668.22