CITY OF OLEAN, NEW YORK

COMPUTATION OF TAX LEVY

FOR THE FISCAL YEAR JUNE 1, 2006 TO MAY 31, 2007

Debt

General

Water

Sewer

Service

Fund

Fund

Fund

Fund

Budget Appropriations

$ 13,413,776

$ 3,046,595

$ 2,265,510

$ 1,391,040

Less:

Estimated Revenues Other Than

Real Estate Taxes

8,593,357

3,062,440

2,279,600

1,386,040

Appropriated Fund Balances and

Reserves

-

-

-

5,000

Total Estimated Revenues, Appropriations

Fund Balances and Reserves

8,593,357

3,062,440

2,279,600

1,391,040

Balance of Appropriations to be Raised by

Real Estate Taxes

$ 4,820,419

Budgeted Surplus (Deficit) of Special Revenue Funds

$ 15,845

$ 14,090

Budgeted Surplus (Deficit) of Debt Service Fund

$ -

Assessed Valuations

$ 39,154,168

Tax Rate per $1,000 of Assessed Valuation

123.11