2024 Ad Valorem Tax Millage
July 23, 2024
Notice is hereby given pursuant to Article 7, Section 23(C) of the Louisiana Constitution and R.S. 47:1705(B) that a public hearing of St. Mary Parish Water & Sewer Commission No. 4 will be held at its regular meeting place located at 900 Main St, Baldwin, LA on Wednesday, August 21, 2024, at 5:00 p.m. to consider levying additional or increased millage rates without voter approval or adopting the adjusted millage rates after reassessment and rolling forward to the rates not to exceed the prior year’s maximum. The estimated amount of tax revenues to be collected in the next year from the increased millage is $553,026.07, and the amount of increase in taxes attributable to the millage increase is $8,286.38.
| ST. MARY PARISH WATER & SEWER COMMISSION #4 | Pg 1 | ||
| SUMMARIZED OPERATING BUDGET - FISCAL YEAR 2023-2024 | |||
| W/ 5% INCREASE | |||
| ANTICIPATED FUND BALANCES @ 09/30/2023 | 50,821.00 | ||
| ANTICIPATED OPERATING REVENUES | |||
| WATER REVENUES | 1,284,185.00 | ||
| SEWER REVENUES | 288,370.00 | ||
| NON OPERATING REVENUE | 105,805.00 | ||
| AD VALOREM TAX REVENUE | 544,639.00 | ||
| 2023 REVENUE ANTICIPATION NOTE | 650,000.00 | ||
| TOTAL REVENUES | 2,923,820.00 | ||
| 2023 REVENUE ANTICIPATION NOTE | |||
| ANTICIPATED EXPENDITURES | |||
| WATER | |||
| SALARIES AND RELATED BENEFITS | 800,138.00 | ||
| OPERATIONS & MAINTENANCE | 897,550.00 | ||
| OTHER EXPENDITURES | 203,781.00 | ||
| TOTAL WATER EXPENSES | 1,901,469.00 | ||
| SEWER | |||
| SALARIES AND RELATED BENEFITS | 295,939.00 | ||
| OPERATIONS & MAINTENANCE | 231,922.00 | ||
| OTHER EXPENDITURES | 228,159.00 | ||
| TOTAL SEWER EXPENSES | 756,020.00 | ||
| TOTAL ANTICIPATED EXPENDITURES | 2,657,489.00 | ||
| EXCESS OF REVENUES OVER EXPENDITURES | 266,331.00 | ||
