Page 45 - Lake Worth FY23 Adopted Budget Ord 1241

2022Taxi)ate Calcula4lonWork3heet TaxingUnits 6therThan Scoo1 DlstilctsorWa}eY Dlsfr cts.

Line Voter -Approval

D41. DlsasterUne 41( D41)6 2022 voter -approval M&0 rate for taxing unit affected by disaster declaration. If the taxing unit is located in an

area declared a disaster area and at least one person is granted an exemption underTax Code Section 11. 35 for property located in the taxing

unit, the governing body may direct the person calculating the voter -approval tax rate to calculate In the manner provided for a special taxing

unit. The taxing unit shall continue to calculate the voter -approval tax rate in this manner until the earlier of 7

1) the first year In which total taxable value on the certified appraisal roll exceeds the total taxable value of

the tax year in which the disaster occurred, or

2) the third tax year after the tax year In which the disaster occurred

Ifthe taxing unit qualifies under this scenario, multiply Line 40C by 1Me 11 Ifthe taxing unit does not qualify, do not complete

Disaster Line 41 ( Line D41).
015100

42. Total 2022 debt to be paid with property taxes and additional sales tax revenue, Debt means the Interest and principal that will be

paid on debts that:

1) are paid by property taxes,

2) are secured by property taxes,

3) are scheduled for payment over a period longer than one year, and

4) are not classified in the taxing unit's budget as M&0 expenses.

A. Debt also Includes contractual payments to other taxing units that have Incurred debts on behalf ofthis taxing unit, ifthose debts

meet the four conditions above. Include onlyamounts that will be paid from property tax revenue. Do not Include appraisal district

budget payments, Ifthe governing body of a taxing unit authorized or agreed to authorize a bond, warrant, certificate ofobligation, or

other evidence of Indebtedness on or after Sept. 1, 2021, verify Ifit meets the amended definition ofdebt before including it here.' 1

Enter debt amount $ 1, 864, 108

B, Subtract unencumbered fund amount used to reduce total debt. _ S 10,000

C. Subtract certified amount spent from sales tax to reduce debt (enter zero if none) .................... — S 0

394,050
D. Subtract amount paid from other resources...........................................:................ — 5

E. Adjusted debt. Subtract Be C and D from A. 1 o460,058
S

43. Certified 2021 excess debt collections. Enter the amount certified by the collector," 0
S

44. Adjusted 2022 debt. Subtract Line 43 from Line 42E. 1, 460,058
S

45. 2022 anticipated collection rate.

100600 %
A. Enter the 2022 anticipated collection rate certified by the collector. 30 ............................. . ......

99.23%
Be Enter the 2021 actual collection rate. 9 & 6 a a o s a s o P 0 0 0 a 0 0 0 9 4 a 0 4 0 0 a 0 a M a 0 0 0 9 a 0,, 0,, 0, 190400610, 0040, 0, 0
9

101. 03 %
Co Enter the 2020 actual collection rate.

D. Enter the 2019 actual collection rate. 9909195

E. Ifthe anticipated collection rate in A Is lower than actual collection rates in B. C and D, enter the lowest

collection rate from B, C and D. If the anticipated rate In A Is higher than at least one of the rates In the

prior three years, enter the rate from A. Note that the rate can be greater than 100%8 31 1009ON

46. 2022 debt adjusted for collections. Divide Line 44 by Line 45E. 114609058
S

47. 2022 total taxable value. Enter the amount on Line 21 ofthe No -New -Revenue Tax RateWorksheet 606,6209382
S

48. 2022 debt rate. Divide Line 46 by Line 47 and multiply by $100. 0.240687/Sioo

49. 2022 voter -approval tax rate, Add Lines 41 and 48.
004418461$100

D49. DisasterLine 49 (D49): 2022 voter -approval tax rate for taxing unit affected by disaster declaration. Complete this line ifthe taxing

unit calculated the voter -approval tax rate in the manner provided for a special taxing unit on Line D41.

Add Line D41 and 48.
S iSioo

Tez.Tax Code 4 26.042(a)

Tex.Tax Cade 4 26.012(n

a iex.Tax Lode 4 26.012(10) and 26.04(b)

Tex,Tax Code 4 26.0( b)

Tex.TaxCode 4426.0 M,(hall and (h-2) Page

41 of 44 Foradditional
copies, visit: comptroller. texas,gov/taxes/property- tax Page 6