Agenda - Council - 02/10/1981 - Laserfiche WebLink

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Initial Twelfth Period Allocation Th~ lnittal twelfth period allocation amount shown on ORS Form 3233 was computed using the data reported on the form. If this allocation amount is not believed to be correct, please check all data carefully te find the source of the discrepancy. The impact of individual data factors upon a government's general revenue sharing allocation ia discussed elsewhere in this letter. Data Updates for Entitlement Period 12 Newly updated Census Bureau estimates of population as of July 1, 1978 are being used for the initial allocations of Entitlement Period 12. These data have been estimated on the basis of available current information on tax returns, vital statistics, and other series indicative of chmnge in population since the 1970 census. The April 1, 1980 Census counts of population are currently scheduled to replace the 1978 estimates for the final allocations for Entitlement Period 12. However, the use of April 1, 1980 Census counts of population in calculating Entitlement Period 12 final allocations is contingent upon the availability of these data from the Bureau of the Census by June 1, 1981, prior to the final allocation of the period. The 1977 per capita income amount shown on Form 3233 is a newly developed estimate which incorporates data revisions received from the Bureau of Economic Analysis as well as the results of the 1974 Census of Agriculture. The adjusted tax and intergovernmental transfer data factors relate to Fiscal Year 1979. Fiscal Year 1979 is your government's twelve-month accounting period which ended between July 1, 1978 and June 30~ 1979. Do not confuse the Fiscal Year 1979 data with the data currently being col- lected by the Census Bureau for Fiscal Year 1980 which ended between July 1, 1979 and June 30, 1980. The Bureau of the Census annually conducts a general revenue sharing survey to collect data pertaining to adjusted taxes and intergovernmental transfers. The word "NONRESPONDENT" and a $0 initial allocation is shown for those governments which had not responded for Fiscal Year 1979. If your government has not yet responded im this survey~ it is stronsly urged that the correct data be provided at this time, supported by appropriate documentation. Otherwise~ the entire entitlement and payments for your government may be Jeopardized. Impact of Data on Revenue Sharing Allocations In general, a govermment's allocation i~rease8 when its pe~ income falls or when its a~3'usted tax figure r/sea, and vice-versa. However, it is always the relative amount of these factors as compared with similar factors for competing governments that ultimately determines the actual amount of each allocation. Intergovernmental transfers interact in the allocation formula only when the "50 percent rule" applies. This rule limits a government's allocation to 50 percent of the total of its adjusted taxes and intergovernmental transfera.~