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BUDGET FORMULA Receipts Expenditures A. Unencumbered b&lance on July 1, 1956 (estimated)..........................................................$3,254,259.24 $ B. Nontax revenues (Fiscal 1956-57)...............................................3,470,325.50 C. Expenditures (Fiscal 1956-57)................................ ....... 7,975,373.21 Reserve for Bond Redemption for Fiscal 1957-58 306,187.78 D. Balance, taxes required....................................................... 1,583,162.00 Reserve for estimated uncollected taxes (26,185.75) Total (Receipts equal expenditures) ........................... ..... 8,281,560.99. 8,281,560.99 E. Tax Rate levied (item D divided by assessed valuation 1.46 We hereby approve the above budget of the city of Las Vegas for the year 1956-57. m /s/ C.D. BAKER________________ Mayor /s/ E.W. FOUNTAIN______________ Councilman /s/ REED WHIPPLE_______________ Councilman /s/ HARRIS SHARP________________ Councilman /s/ WENDELL BUNKER________________ Councilman ATTEST: ______________________________ /s/ SHIRLEY BALLINGER Councilman City Clerk Dated March 7, 1956. Motion seconded by Commissioner Sharp and carried by the following vote: Commissioners Bunker,Fountain, Sharp, Whipple and His Honor voting aye; noes, none. City Manager Kennedy presented the request of the West Charleston P.T.A. for permission to pay for a special officer to act as a school patrolman at the intersection of Palomino and Rancho Roads. Commissioner Sharp moved this request be approved. Motion seconded by Commissioner Bunker and carried by the following vote: Commissioners Bunker,Fountain,Sharp, Whipple and His Honor voting aye; noes, none. Commissioners Sharp and Fountain were appointed as a committee to work with the Eagle Lodge in their request to purchase property the City owns on North 5th Street. CROSSING GUARD PURCHASE OF CITY PROPERTY Eagles Lodge