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o Expense. Split 2028 PMP into two separate projects — 2028 PMP and 2030 PMP. Shift 2030 PMP — 2034 PMP projects out 2 years. PIR ($2,525,000), PIR & Enterprise ($3,447,000) Scenario A assumes no further changes to project expenditures, a levy increase in 2026 of $350,000 annually, and the levy is kept at that same level annually thereafter. This would achieve a positive fund balance through 2029 and would result in a 5.8% levy increase in 2026. Scenario B assumes no further changes to project expenditures and two bonds to be issued, with the first bond issued in 2026 and the second in 2030. The first debt service payment estimated at $163,000 would occur in 2027 and fund balance would remain positive through 2029, at which time a second bond would need to be issued. The new debt service is estimated to be $342,000 ($179,000 increase) and fund balance would remain positive through 2035. This would have no impact to the levy in 2026, but would do so in the following years. The total interest to be paid over 20 years for the first bond issuance is estimated to be $1.56 million, with the second estimated to be $2.72 million. Scenario C assumes PMP project expenditures are shifted, the levy is increased by $50,000 in 2027, and the levy is kept at that same level annually thereafter. This would achieve a positive fund balance through 2031. This would have no impact to the levy in 2026. Scenario D assumes PMP project expenditures are shifted, the levy is increased by $50,000 in 2027 and annually thereafter. This would achieve a positive fund balance through 2033. This would have no impact to the levy in 2026. Scenario E assumes PMP project expenditures are shifted and the City issues a bond in 2026. Debt service would not start until 2027. This would achieve a positive fund balance through 2033. This would have no impact to the levy in 2026. Additional changes were made to the Public Safety Capital Equipment Fund based on the latest preliminary estimates from the Lake Johanna Fire Department (Attachment A, pages 8-10): • Public Safety Capital Equipment. $247,957) Change in Fund Balance o Expense. Addition of command vehicle replacements in 2031 and 2033, including an engine/ladder replacement programmed in 2032 ($247,957). The levy reserve bank and corresponding transfer to the General Fund is based on 9 new FTEs (6 fire captains and 3 firefighters). Council also directed staff to incorporate the below changes to the Equipment/Building Replacement Fund: • Equipment/Building Replacement. $0 Change in Fund Balance o Expense. Delayed the 1993 Case 621 Loader to 2027 and delayed the 2013 Ford Escape to 2027. No Fund Balance impact. Staff will bring forward an equipment replacement plan to Council in March 2026. This plan will feature a leveled cost structure for further discussion. Page 2 of 11