HomeMy WebLinkAboutGPSGI_City_L2_Blank_2020_REV12020 L-2 Worksheet (must be attached to the L-2 form)
District Name: City of Rexburg
Computation of allowable 3% budget increase:
(1)5,278,357
(2)158,351
(3)
Enter the 2019 non-exempt levy rate from the "Maximum Budget and Forgone Worksheet".(4)0.004152293
County Name
MADISON COUNTY (A)76,873,120
(B)
(C)
(D)
Total of New Construction Roll Value:(5)76,873,120
(6)319,200
Enter the 2020 value of annexation from property assessed by the county.(7)2,123,324
(8)8,817
(9)5,764,725
Property Tax Replacement:
Enter yearly amount of the agricultural equipment replacement money.(10)498
Enter yearly amount of the personal property replacement money.(11)51,406
Information below is reported in indicated columns of the "Recovered/Recaptured Property Tax and Refund List":
Enter the Solar Farm Tax reported in column 1.(12)
Enter the recovered Homeowner's Exemption property tax reported in column 2.(13)
Enter the total amount reported in column 3.(14)
Enter the total amount reported in column 4.(15)
(16)51,904
Enter the total forgone amount reported on the "Maximum Budget and Forgone Amount Worksheet."(17)
(18)
(19)5,712,821
Enter Amount Approved for Governor Public Safety Initiative (GPSI):(20)1,738,139
District Revenue for Administrative Expense (3% of GPSI)(20a)52,144
Urban Renewal Agency (URA) Allocation (Provided By Idaho State Tax Commission)(20b)283,705
(21)1,402,290
Less 3% Budget Increase: Required For GPSI Funds (Line 2)(22)158,351
(23)4,152,180
* = The reported amount excludes the I.C.§ 63-1305C refund.EFO00078_08-06-2020
Forgone Amount Section: Please complete this section even if you don't plan on using your forgone amount.
New Construction & Annexation allowable budget increases calculation:
Enter the total of lines 10 thru 15: (Col. 5(a) total of L-2 must equal this amount).
New Construction Roll allowable budget increase (multiply line 5 by line 4).
Enter the 2020 value of district's annexation value from the applicable county below:
Enter the 2020 value of district's new construction roll from each applicable county below:
Annexation allowable budget increase (multiply line 7 by line 4).
Add lines 1+2+3+6+8
*Enter the amount from the "Highest Non-Exempt P-Tax Budget + P-Tax Replacement" column from the
"Maximum Budget and Forgone Amount Worksheet."
Multiply line 1 by 3%.
Enter the total amount you received for Solar Farm Tax from the immediate prior year.
Value
Total Non-Exempt Allowable Budget (before P-tax Replacement and P-tax Substitute Funds deductions):
Governor's Public Safety Initiative (GPSI)
Maximum non-exempt property tax budget including forgone and GPSI amount. (Line 21- Line 22)
Enter the forgone amount to be recovered in your budget. This amount can't exceed what is reported on the attached resolution.
Maximum Allowable Non-exempt Property Tax, Including Forgone Amount, That Can Be Levied:
Maximum non-exempt property tax budget including forgone amount. Line 9 minus 16 plus 18.
Non-exempt property tax budget less GPSI adjustment (Line 20 - Line 20(a+b)) (Must match col. 5(c) budget total of L-2)