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Page 1 TOWN OF LOS ALTOS HILLS Prposed Budget for Fiscal Year 1966-67 SWMARY Estimated assessed values 22 500 000 Note:Estimuted surplus on June 30, 1967 as per statement attached 08 351.93. It is estimated: that not more than e40,000 surplus will be necessary to cover expenditures in excess of revenues for the first six months of the ensuing fiscal year which would permit budgeting an additional i#18,000 without an increase in the tax rate. Budget adopted as submitted except a:rere different figures are rhown in 91i,,.roved" colw;:n as per ordinance P!o. 114 fixing the amount to be raised by taxes at ;156,250.00 The foregoing Budget for the Fiscal Year 1966-1967 was adopted per Ordinance No. 114 at 'a regular meeting of the City Council of the Town of Los Altos Hills held on July 18, 1966. Mayor, Town of Los Altos Hills Actual Budget Budget Approved ;idvERAL FUND 1964-65 1965-66 1966-67 Expenditures 118 108.26 144 604.00 168 554.77 172 154.77 Source of Funds Revenues other than taxes 87 014.85 85 592.95 97 732.40 97 732.40 Decrease or (increase) in (16 197.94) 8 011.05 14 572.37 13 172.37 reserve Net funds other than taxes 79—TIT.-9-1 99-3 Oo 11212 30.7 115 904.77 Current tax revenues 47 291.35 51 00000 56 250.00 56 250.00 Estimated assessed values 22 500 000 Note:Estimuted surplus on June 30, 1967 as per statement attached 08 351.93. It is estimated: that not more than e40,000 surplus will be necessary to cover expenditures in excess of revenues for the first six months of the ensuing fiscal year which would permit budgeting an additional i#18,000 without an increase in the tax rate. Budget adopted as submitted except a:rere different figures are rhown in 91i,,.roved" colw;:n as per ordinance P!o. 114 fixing the amount to be raised by taxes at ;156,250.00 The foregoing Budget for the Fiscal Year 1966-1967 was adopted per Ordinance No. 114 at 'a regular meeting of the City Council of the Town of Los Altos Hills held on July 18, 1966. Mayor, Town of Los Altos Hills