The budget for FY 20x5 provided for General Fund estimated revenues totaling $3,100,000 and appropriations totaling $3,140,000. The property tax levy for FY 20x4 was recorded. Net assessed valuation of taxable property for the year was $43,000,000, and the tax rate was $5 per $100. It was estimated that 4 percent of the levy would be uncollectible. Purchase orders and contracts were issued to vendors and others in the amount of $2,060,000

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