1976 BUDGETS

The following are the budgets for the City's General and Special Revenue Funds, Municipal Debt Service Fund, Revenue Sharing Fund, Water and Sewer Operating and Debt Service Funds, and Airport Operating and Debt Service Funds for the fiscal year ending June 30, 1976:

GENERAL AND SPECIAL REVENUE FUNDS

CONSOLIDATED BUDGET FOR THE YEAR ENDING JUNE 30, 1976,
AS AMENDED AT DECEMBER 31, 1975

Note: Revenue sharing entitlements are appropriated for capital improvements, and such entitlements are transferred to capital project funds for subsequent expenditure during the life of the projects.

WATER AND SEWER OPERATING AND DEBT SERVICE FUNDS CONSOLIDATED BUDGET FOR THE YEAR ENDING JUNE 30, 1976,

Revenues:
Operating:

AS AMENDED AT DECEMBER 31, 1975

Revenues, Transfer, and Unencumbered Fund Balance

Metered water sales

Sewer service fees

Other

Total operating

Non-operating:

Interest on investments

Other

Total non-operating

$ 7,196,000

6,121,344

625,986

13,943,330

750,000

41,000

791,000

Total revenues

14,734,330

Transfer From Revenue Sharing Fund

906,000

Unencumbered Fund Balance

1,686,659

Note: See "Debt Information-Lease Purchase Agreements and Other Commitments" respecting non-operating expenditures.

AIRPORT OPERATING AND DEBT SERVICE FUNDS
CONSOLIDATED BUDGET FOR THE YEAR ENDING JUNE 30, 1976,

AS AMENDED AT DECEMBER 31, 1975

Budgets for the Water and Sewer and Airport Capital Projects and Bond Funds have not been included herein because such budgets are prepared on an aggregate project expenditure basis rather than on a current fiscal year expenditure basis, and the expenditures and revenues therein, except interest transferred to debt service funds, are capitalized for financial reporting purposes.

Note: On January 2, 1976, the City's General and Special Revenue Funds received an Alcoholic Beverage Control distribution of $181,094 for the quarter ended December 31, 1975. The distribution for the quarter ended December 31, 1974 was received during such quarter.

Assessed values as of January 12, 1976 according to the County Tax Supervisor approximated $4,436,500,000 as compared to values used for the fiscal year ending June 30, 1976 tax levy of approximately $4,410,500,000, or approximately $26,000,000 more than the estimated values used for the tax levy. The Tax Supervisor has indicated that additional assessments will be made on real and personal property for late listings and court settlements of protested 1975 appraised value revaluations between January 13 and June 30, 1976.