[ORMAP-Tech] ORMAP Fund Balance Correction

[MCCLELLAN Philip L]

Yikes, I'm going to need to get that calculator back from Dean. The 20% limit will be $68,600 not $69,553. Sorry for the confusion.

Phil


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Phil McClellan
ORMAP Project Coordinator
Property Tax Division - CDOT
503-586-8128





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From: MCCLELLAN Philip L
Sent: Tuesday, October 26, 2010 8:34 AM
To: ANDERSON Dean; ANDERSON Debra A; Assessors; BABBITT Kevin; BARNETT Steve; BATES Greg; BOHARD Eric; BOLDT Dan; BRATENG Tom; BURKE Laurie; CACKA Ann; CAMPBELL Shad; Crook County GIS; CRUMLEY Dan; CUTTING David; Eli Adam; FERRIS Craig; FICHTMAN Bruce; FLORI Joe; GANOE Steve; GRANVILLE Tycho; HAAS Bob; Hall Guttormsen; HANSBERRY Brian; HARTELL Scott; HILL Linda; HOLLAND Charlotte; ISRAEL Phil; John Hawkins; John McCafferty; JOHNSON Bill; KIMBERLING Jim; Krysta Houseknecht; Len Jacobson; LEWIS Wendell; LINSCHEID Dan; LIVINGSTON Roger; MAMIC Mike; MCDERMID Jenine; MERTZ Bryce; Michelle Kooch; Mike Mamic; NELSON Joe; PATTERSON Janice H; SACKINGER Doug; SALMON Connie S; SAVAGE Kerry; SCHINK Wendy; SCHRANKEL Mike; Scott Branchfield; Shawn Berry; SMITH Dawn; SNODGRASS Gabe; THOMPSON Kathy; Tracie Diehl; URBATZKA Danni; WAFFENSCHMIDT John; WESTERSUND Andrea; WILCOX Ruth; YSTAD Eileen; Baron Howe; Bob Neathamer; Byron Clayton; Carol Hall; Cy Smith; Dean Anderson; Eileen Ystad; HILL Milton E * EISPD GEO; John Minor; KIVLEY James A; MERCER Timothy C; ORMAP Tech List; Phil Israel; Prychun John S; Roger Livingston; Steve Ganoe; TAYLOR Matthew; Tim Khouri; Wendy Schink; Bill Johnson; Charlotte Holland; Connie Salmon; Daniela Urbatzka; Greg Bates; Jackson County GIS; Jim Kolen; Joe Flori; Kerry Savage; KOOCH Michelle; MCCAFFERTY John; Nikki Whitty; Robin Gallo; Ruth Wilcox; SCHRANKEL Mike; Scott Valentine; Steve Baldwin; Tim Ehlers; Tom Brateng; Tom Martin; Wendell Lewis; PRYCHUN John S; SCHACK Richard J; ZUNIGA Ashley P
Cc: ORMAP Tech List
Subject: ORMAP Fund Balance Correction

There was a mistake made in the last quarter's fund calculation (quarter ending June 2010) which affects the ORMAP fund balance and the 20% limit as reported at the October 21, 2010 Tech Group meeting. I have made the corrects below in red.

Let me know if you have any questions.

Phil

June 2010 Fund Balance            $158,291
September 2010 Deposit           $200,104
Est. Contract Reversions            $6,396
Funded Contracts                      $2,500
Tools Group Funding                  $0
Est. Admin Costs                      $19,290
Total Fund Balance                   $343,001

Fall 2010 Grants:                      $684,872
Est. Difference:                         $341,871


 *   Fall 2010 20% limit                    $69,533
 *   Fall 2010 3% limit                      $11,264



***************CONFIDENTIALITY NOTICE***************

This e-mail may contain information that is privileged, confidential or otherwise exempt from disclosure under applicable law. If you are not the addressee or it appears from the context or otherwise that you have received this email in error, please advise me immediately by reply e-mail, keep the contents confidential, and immediately delete the message and any attachments from your system.

________________________________

Philip McClellan
ORMAP Project Coordinator
Oregon Department of Revenue
Property Tax Division - CDOT
Tel: 503-586-8128
Fax: 503-945-8737
www.ormap.org<http://www.ormap.org/>


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