CITY OF OLEAN, NEW YORK

COMPUTATION OF TAX LEVY

FOR THE FISCAL YEAR JUNE 1, 2008 TO MAY 31, 2009

Debt

General

Water

Sewer

Service

Fund

Fund

Fund

Fund

Budget Appropriations

$ 14,900,334

$ 3,346,762

$ 2,676,251

$ 1,803,882

Less:

Estimated Revenues Other Than

Real Estate Taxes

8,509,548

3,348,500

2,683,650

1,748,882

Appropriated Fund Balances and Reserves

-

55,000

Total Estimated Revenues, Appropriations

Fund Balances and Reserves

8,509,548

3,348,500

2,683,650

1,803,882

Balance of Appropriations to be Raised by

Real Estate Taxes

$ 6,390,786

Budgeted Surplus (Deficit) of Special Revenue Funds

$ 1,738

$ 7,399

Budgeted Surplus (Deficit) of Debt Service Fund

$ -

Assessed Valuations

$ 39,178,038

Tax Rate per $1,000 of Assessed Valuation

163.12