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Page 2 of 12 <br /> <br />Scenario E assumes PMP project expenditures are shifted and the City issues a bond for the PIR <br />portion (includes bonding for the special assessments portion) of the PMP project in 2026. Debt <br />service would not start until 2027; however, the City will need to levy for the debt service starting <br />in 2026. This would achieve a positive fund balance through 2033. This would result in a 2.7% <br />or a $163,000 levy increase in 2026. <br /> <br />Scenario F assumes no shift in PMP project expenditures, the City issues a bond for the PMP <br />project in 2026, and increases the levy by $100,000 annually starting in 2026 and in subsequent <br />years thereafter. Debt service would not start until 2027; however, the City will need to levy for <br />the debt service starting in 2026. This would achieve a positive fund balance through 2035. This <br />would result in a 4.4% or a $263,000 levy increase in 2026. <br /> <br />Scenario G assumes PMP project expenditures are shifted, the City issues a bond for the PMP <br />project in 2026, and increases the levy by $50,000 annually starting in 2026 and in subsequent <br />years thereafter. Debt service would not start until 2027; however, the City will need to levy for <br />the debt service starting in 2026. This would achieve a positive fund balance through 2035. This <br />would result in a 3.5% or a $213,000 levy increase in 2026. <br /> <br />Scenario H assumes no shift in PMP project expenditures, the City issues a bond for the City’s <br />portion (~$1.3M) of the Old Hwy 10 trail project in 2026, and increases the levy by $150,000 <br />annually starting in 2026 and in subsequent years thereafter. Debt service would not start until <br />2027; however, the City will need to levy for the debt service starting in 2026. This would achieve <br />a positive fund balance through 2035. This would result in a 4.1% or a $249,000 levy increase <br />in 2026. <br /> <br />Scenario I assumes PMP project expenditures are shifted, the City issues a bond for the City’s <br />portion (~$1.3M) of the Old Hwy 10 trail project in 2026, and increases the levy by $75,000 <br />starting in 2026 and in subsequent years thereafter. Debt service would not start until 2027; <br />however, the City will need to levy for the debt service starting in 2026. This would achieve a <br />positive fund balance through 2035. This would result in a 2.9% or a $174,000 levy increase in <br />2026. <br /> <br />Scenario J assumes PMP project expenditures are shifted, the City issues a bond for the PMP <br />project in 2028, and increases the levy by $50,000 in 2026 and in subsequent years thereafter. Debt <br />service would not start until 2029; however, the City will need to levy for the debt service starting <br />in 2028. This would achieve a positive fund balance through 2035. This would result in a 0.8% <br />or a $50,000 levy increase in 2026. <br /> <br />Council also directed Staff to include a $10,000 placeholder starting in 2026 and forward, for <br />future construction costs related to the Parks Master Plan, which has been incorporated into the <br />proposed budget. <br /> <br />Public Safety Fund <br />Additional changes were made to the Public Safety Capital Equipment Fund based on the latest <br />preliminary estimates from the Lake Johanna Fire Department (Attachment C, pages 12-14): <br /> Public Safety Capital Equipment. ($247,957) Change in Fund Balance <br />o Expense. Addition of command vehicle replacements in 2031 and 2033, including <br />an engine/ladder replacement programmed in 2032 ($247,957). The levy reserve <br />bank and corresponding transfer to the General Fund is based on 9 new FTEs (6 <br />fire captains and 3 firefighters).