Lake Township

Lake Township
							2019
NOTICE OF BUDGET HEARING

The governing body of
Lake Township
Harvey County
will meet on July 25, 2018 at 6:30 PM at Burrton City Council Room for the purpose of hearing and
answering objections of taxpayers relating to the proposed use of all funds and the amount of ad valorem tax.
Detailed budget information is available at Darrell Allen's residence and will be available at this hearing.
BUDGET SUMMARY
Proposed Budget 2019 Expenditures and Amount of 2018 Ad Valorem Tax establish the maximum limits
of the 2019 budget. Estimated Tax Rate is subject to change depending on the final assessed valuation.

	Prior Year Actual 2017		Current Year Estimate 2018		Proposed Budget 2019
		Actual		Actual		Amount of 2018 Ad Valorem Tax	Est.
		Tax		Tax	Budget Authority		Tax
Fund	Expenditures	Rate*	Expenditures	Rate*	for Expenditures		Rate*
General	2,794	0.416	2,650	0.560	2,650	1,850	0.439
Road	72,044	19.206	105,240	18.756	110,740	78,856	18.692
Cemetery	1,105		1,500		6,500	823	0.195
FEMA
Special Machinery	10,250
Totals	86,193	19.622	109,390	19.316	119,890	81,529	19.326
Less: Transfers	0		0		0
Net Expenditure	86,193		109,390		119,890
Total Tax Levied	76,936		80,013		x
Assessed Valuation:
Township	3,920,948		4,142,668		4,218,768
Outstanding Indebtedness,
Jan 1	2016		2017		2018
Lease Purchase Principal	0		0		0
Total	0		0		0
*Tax rates are expressed in mills.

Harlan Foraker
Trustee