2008-2009 Tax Rate Comparison

Assessed

Tax Rate

Assessed

Valuation

Per $100

Taxes

Year

Valuation

In $100 Units

Assessed Valuation

Collected

2008

5,051,353

50,514

0.8301

$41,931

2009

4,927,032

49,270

0.9509

$46,851

Increase in Taxes

$4,920

Percent Increase

11.7332%

Three Year Trend Analysis St. Mary City Audit

Year

Operating Loss

Depreciation

Changes in Fund Balance

OR ???

2008

$77,928.44

$67,592.59

($10,335.87)  cash loss

($63,654.34)  cash loss

2007

$75, 375.22

$69,029.29

($6,345.93)  cash loss   

($55,528.78)  cash loss

2006

$48, 453.21

$70,399.74

+$21,946.53  gain  

($43,661.28)  cash loss

Sources: St. Mary  City Audit

2008 Audit Page 7 operating loss $77,928.44
Page 14  deprecation $67,592.59
Changes in fund balance
($10,335.87) cash loss or ($63,654.34) page 8

2007 Audit
Page 7 Operating loss
Page 14 deprecation $69,029.29
Changes in fund balance
($6,345.93)  loss or ($55,528.78) Page 8

2006 Audit
Page 7 Operating loss $48, 453.21
Page 14 deprecation $70,399.74
Changes in fund balance
+$21,946.53  gain or ($43,661.28) Page 8