Letters and email · August 3, 2004
City Manager compares library taxes and operating costs
Compares 2003–04 taxes of $579,496.72 with 2002–03 service costs of $522,025. The $57,421.72 difference uses different fiscal years and is not a same-year operating surplus.
Text
Transcribed from the scans and checked against them by Claude. Typed text comes first; handwritten notes follow it. [illegible] marks words that cannot be read and [?] an uncertain reading.
CITY OF HERMOSA BEACH
MEMORANDUM
DATE: AUGUST 3, 2004
TO: MAYOR AND CITY COUNCIL, FRIENDS OF THE LIBRARY
FROM: STEPHEN BURRELL, CITY MANAGER
RE: LIBRARY TAXES AND OPERATING COSTS - INFORMATION ONLY
I have attached a listing of library costs and estimated taxes collected from each city that is a member of the County library system. As you can see, the property tax collected in Hermosa Beach for the library is $579,496.72 for the 2003-04 fiscal year. The cost of service provided is $522,025 for 2002-03 fiscal year. Considering that the County is using your old information, we have a difference of $57,421.72 between revenue going into the system and costs. Based on the listing that has been provided, it appears that this situation exists in only four cities: Hermosa Beach, Manhattan Beach, Malibu and West Hollywood which has enacted an additional parcel tax.
Handwritten notes
• (TO line) "OF" scribbled out
• (beside FROM line) handwritten initials [illegible]
Show the original machine reading
Source scan page 3
CITY OF HERMOSA BEACH MEMORANDUM DATE: AUGUST 3, 2004 TO: MAYOR AND CITY COUNCIL, FRIENDS OF THE LIBRARY FROM: STEPHEN BURRELL, CITY MANAGER RE: LIBRARY TAXES AND OPERATING COSTS - INFORMATION ONLY I have attached a listing of library costs and estimated taxes collected from each city that is a member of the County library system. As you can see, the property tax collected in Hermosa Beach for the library is $579,496.72 for the 2003-04 fiscal year. The cost of service provided is $522,025 for 2002-03 fiscal year. Considering that the County is using your old information, we have a difference of $57,421.72 between revenue going into the system and costs. Based on the listing that has been provided, it appears that this situation exists in only four cities: Hermosa Beach, Manhattan Beach, Malibu and West Hollywood which has enacted an additional parcel tax.