Agenda Package - City of Vernon
Agenda Package - City of Vernon
Agenda Package - City of Vernon
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THE CORPORATION OF THE CITY OF VERNON<br />
Notes to the Consolidated Financial Statements<br />
Year Ended December 31, 2008<br />
5. Financial Equity (in thousands <strong>of</strong> dollarc):<br />
Operating Funds<br />
CapitalFunds<br />
Statutory Reserve Funds<br />
6. Equity in Tangible Capital Asseb (in thousands <strong>of</strong> dollals):<br />
General Capital Fund<br />
Sewer Capital Fund<br />
Wholly-Owned Subsidiaries<br />
7. PrcpeÉy Tax Revenue<br />
Note 14<br />
2008 2007<br />
2008 2007<br />
$ 115,793<br />
66,102<br />
119<br />
182,014<br />
$ 104,720<br />
62,537<br />
Total tax revenue net <strong>of</strong> transfers <strong>of</strong> taxes collected for other governments and agencies were as<br />
follows (in thousands <strong>of</strong> dollars):<br />
2008 2007<br />
Specific assessments:<br />
Residential<br />
Business<br />
Utilities<br />
Light industrial<br />
Non-pr<strong>of</strong>it<br />
Farm land<br />
Grants in lieu <strong>of</strong> taxes<br />
Specified area taxes<br />
23,406 21,Oæ<br />
2,174 1,987<br />
2,091 3,517<br />
27,674 26,558<br />
$ 13,245 $ 12,208<br />
6,226 5,626<br />
178 162<br />
288 261<br />
68 65<br />
22<br />
20,007<br />
990<br />
18,324<br />
739<br />
1,074 1,089<br />
$ 22,071 $ 20,152<br />
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