HomeMy WebLinkAboutA.APPRAISAL FUNDING ALLOCATION CITY OF PORT ARTHUR, TEXAS
MAYOR AND CITY COUNCIL COMMUNICATIONS
Date: Reference No. Subject Page
Authorization for payment of 2003 Jefferson County 1 of 1
11/26/02 Appraisal District Funding Allocation
RECOMMENDATION:
Presented for City Council consideration and approval for payment is the City's pro-rata share of
the 2003 Jefferson County Appraisal District Budget. Four equal payments of $ 24,280.48 will
be made, for a total of $97,121.92.
BACKGROUND:
Section 6.06 of the Texas Property Tax Code requires each taxing unit participating in the
Appraisal District to share in the budget equal to the proportion of the total dollar amount of
property taxes imposed in the district by the unit. The Jefferson County Appraisal District 2003
budget is $ 4,012,814, the city's pro-rata share is $ 97,121.92. This represents 2.52 % of the
Appraisal District's budget. The City's share of the budget is based on the City's 2002 tax levy
which is $ 8,223,311 divided by the total tax levy of all the entities, $ 327,072,513. (See
Attached) JCAD is utilizing $100,000 of fund balance, which reduces the City's allocation to
$97,123.
BUDGET/FISCAL EFFECT:
This item was funded in the 2002-2003 Fiscal Operating Budget of the Finance Dept. professional
services, account no. 001-1031-515.54.00 in the amount of $ 95,000.
STAFF/EMPLOYEE EFFECT:
None
SUMMARY:
Pursuant to Section 6.06 of the Texas Property Tax Code, quarterly payments totaling the amount
of $ 97,121.92 for the Jefferson County Appraisal District, 2002-2003 budget, is presented for
your consideration and approval.
Rebecca Underhill
Director of Finance
JJA/WORD/COUNCIL
· Prepared by: Disposition by Council: Processed:
Approved by:
( ) Approve ( ) Other (Describe) City Secretary
X Date:
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