CITY OF OLEAN, NEW YORK

COMPUTATION OF TAX LEVY

FOR THE FISCAL YEAR JUNE 1, 2003 TO MAY 31, 2004

Debt

General

Water

Sewer

Service

Fund

Fund

Fund

Fund

Budget Appropriations

$ 13,053,295

$ 2,189,000

$ 1,458,000

$ 581,263

Less:

Estimated Revenues Other Than

8,111,170

2,189,000

1,458,000

534,670

Appropriated Fund Balances and

863,500

-

-

46,593

Total Estimated Revenues, Appropriations

Fund Balances and Reserves

8,974,670

2,189,000

1,458,000

581,263

Balance of Appropriations to be Raised by

Real Estate Taxes

$ 4,078,625

Budgeted Surplus (Deficit) of Special Revenue Funds

$ -

$ -

Budgeted Surplus (Deficit) of Debt Service Fund

$ -

Assessed Valuations

$ 40,319,338

Tax Rate per $1,000 of Assessed Valuation

101.16