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<DIV dir=ltr align=left><SPAN class=612083615-26102010><FONT face=Arial>Yikes,
I'm going to need to get that calculator back from Dean. The 20% limit will be
$68,600 <U>not</U> $69,553. Sorry for the confusion.</FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=612083615-26102010><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=612083615-26102010><FONT
face=Arial>Phil</FONT></SPAN></DIV>
<DIV> </DIV><SPAN lang=en-us><FONT face="Bookman Old Style"><FONT
color=#ff0000><FONT color=#000000 size=2 face=Arial><SPAN lang=en-us>
<DIV align=left>
<DIV align=left><FONT size=2>
<P align=left>***************CONFIDENTIALITY NOTICE***************</P>
<P>This e-mail may contain information that is privileged, confidential or
otherwise exempt from disclosure under applicable law. If you are not the
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<DIV align=left>
<HR>
</DIV>
<P align=left>Phil McClellan<BR>ORMAP Project Coordinator<BR>Property Tax
Division - CDOT<BR>503-586-8128</SPAN></FONT></P><FONT color=#000000 size=2
face=Arial><SPAN lang=en-us>
<P><BR> </P></SPAN></FONT></FONT></FONT></SPAN>
<DIV> </DIV><BR>
<DIV dir=ltr lang=en-us class=OutlookMessageHeader align=left>
<HR tabIndex=-1>
<FONT size=2 face=Tahoma><B>From:</B> MCCLELLAN Philip L <BR><B>Sent:</B>
Tuesday, October 26, 2010 8:34 AM<BR><B>To:</B> 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<BR><B>Cc:</B> ORMAP Tech
List<BR><B>Subject:</B> ORMAP Fund Balance Correction<BR></FONT><BR></DIV>
<DIV></DIV>
<DIV><SPAN class=436592615-26102010><FONT face=Arial>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.</FONT></SPAN></DIV>
<DIV><SPAN class=436592615-26102010><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=436592615-26102010><FONT face=Arial>Let me know if you have any
questions.</FONT></SPAN></DIV>
<DIV><SPAN class=436592615-26102010><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=436592615-26102010><FONT face=Arial>Phil</FONT></SPAN></DIV>
<DIV><SPAN class=436592615-26102010><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=436592615-26102010>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>June 2010 Fund Balance<SPAN
style="mso-tab-count: 1"> </SPAN><SPAN
class=436592615-26102010><FONT
color=#ff0000><STRONG>$158,291</STRONG></FONT></SPAN></P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>September 2010 Deposit<SPAN
style="mso-tab-count: 1"> </SPAN>$200,104</P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>Est. Contract
Reversions<SPAN
style="mso-tab-count: 1"> <SPAN
class=436592615-26102010> </SPAN></SPAN>$6,396</P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>Funded Contracts<SPAN
style="mso-tab-count: 2">
</SPAN>$2,500</P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>Tools Group Funding<SPAN
style="mso-tab-count: 1"> </SPAN><SPAN
style="mso-tab-count: 1">
</SPAN>$0</P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>Est. Admin Costs<SPAN
style="mso-tab-count: 2">
</SPAN>$19,290</P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal><U>Total Fund Balance<SPAN
style="mso-tab-count: 2"> </SPAN><SPAN
class=436592615-26102010><FONT
color=#ff0000><STRONG>$343,001</STRONG></FONT></SPAN></U></P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal><o:p> </o:p></P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>Fall 2010 Grants:<SPAN
style="mso-tab-count: 2"> </SPAN>$684,872</P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>Est. Difference:<SPAN
style="mso-tab-count: 2">
</SPAN><SPAN
style="mso-tab-count: 1">
</SPAN><B style="mso-bidi-font-weight: normal"><SPAN style="COLOR: red">$3<SPAN
class=436592615-26102010>41,871</SPAN></SPAN></B></P>
<P style="MARGIN: 0in 0in 0pt" class=MsoNormal><o:p> </o:p></P>
<UL style="MARGIN-TOP: 0in" type=disc>
<LI
style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in"
class=MsoNormal>Fall 2010 20% limit <SPAN
style="mso-tab-count: 2">
</SPAN><FONT color=#ff0000><STRONG>$<SPAN
class=436592615-26102010>69,533</SPAN></STRONG></FONT>
<LI
style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in"
class=MsoNormal>Fall 2010 3% limit<SPAN
style="mso-tab-count: 2">
</SPAN>$11,264</LI></UL></SPAN></DIV>
<DIV> </DIV><SPAN lang=en-us><FONT size=2 face=Arial>
<DIV align=left><FONT size=2>
<P align=left>***************CONFIDENTIALITY NOTICE***************</P>
<P>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.</P></FONT></DIV>
<DIV align=left>
<HR>
</DIV></FONT>
<P align=left><FONT size=2><FONT face=Arial>Philip McClellan<BR>ORMAP Project
Coordinator<BR></FONT></FONT><FONT size=2 face=Arial>Oregon Department of
Revenue<BR>Property Tax Division - CDOT<BR>Tel: 503-586-8128<BR>Fax:
503-945-8737</FONT></SPAN><FONT size=2><FONT face=Arial> <BR><SPAN lang=en-us><A
href="http://www.ormap.org/"><FONT color=#000000>www.ormap.org</FONT></A>
</SPAN></FONT></FONT></P>
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