Computation of Tax Levy

CITY OF OLEAN, NEW YORK

COMPUTATION OF TAX LEVY

FOR THE FISCAL YEAR JUNE 1, 2009 TO MAY 31, 2010
Debt
General Water Sewer Service
Fund Fund Fund Fund
Budget Appropriations  $15,532,112  $3,395,926  $   3,176,322  $2,002,583
Less:
Estimated Revenues Other Than
     Real Estate Taxes         8,910,758       3,414,760      3,186,457      1,947,583
Appropriated Fund Balances and
     Reserves                    -                    -                    -            55,000
Total Estimated Revenues, Appropriations
     Fund Balances and Reserves         8,910,758       3,414,760      3,186,457      2,002,583
Balance of Appropriations to be Raised by
     Real Estate Taxes  $6,621,354
Budgeted Surplus (Deficit) of Special Revenue Funds  $18,834  $10,135
Budgeted Surplus (Deficit) of Debt Service Fund  $             -  
Assessed Valuations  $38,725,753
Tax Rate per $1,000 of Assessed Valuation              170.98