CITY OF OLEAN, NEW YORK

COMPUTATION OF TAX LEVY

FOR THE FISCAL YEAR JUNE 1, 2005 TO MAY 31, 2006

Debt

General

Water

Sewer

Service

Fund

Fund

Fund

Fund

Budget Appropriations

$ 12,972,589

$ 3,207,884

$ 2,091,582

$ 1,556,888

Less:

Estimated Revenues Other Than

Real Estate Taxes

8,635,570

3,210,404

2,093,561

1,551,888

Appropriated Fund Balances and

Reserves

-

-

-

5,000

Total Estimated Revenues, Appropriations

Fund Balances and Reserves

8,635,570

3,210,404

2,093,561

1,556,888

Balance of Appropriations to be Raised by

Real Estate Taxes

$ 4,337,019

Budgeted Surplus (Deficit) of Special Revenue Funds

$ 2,520

$ 1,979

Budgeted Surplus (Deficit) of Debt Service Fund

$ -

Assessed Valuations

$ 40,052,232

Tax Rate per $1,000 of Assessed Valuation

108.28