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Page 9 of 10 Total Impact of the 2012 CIP Subcommittee Recommendations 309 310 311The table below illustrates the annual levy impacts of the proposed changes (independent of any 312other levy changes that may be required). 313 Funded by Re-Approx. Total CIP PurposedNet Levy % Change FundingFunded by ExistingIncreaseto Levy for Biennium Year Increase CutsLevyRequiredCIP Funding 2012 $800,000$306,500$237,500$256,000 1.8% 2012/13 2013 $185,000$0$0$185,000 1.3% 2014 $200,000$0$0$200,000 1.2% 2014/15 2015 $315,000$0$160,000$155,000 0.9% 2016 $310,000$0$150,000$160,000 0.9% 2016/17 2017 $160,000$0$0$160,000 0.9% 2018 $495,000$0$335,000$160,000 0.9% 2018/19 2019 $200,000$0$0$200,000 1.1% 2020 $650,000$0$650,000$0 - 2020/21 2021 $0$0$0$0 - Total of Changes: $3,315,000$306,500$1,532,500$1,476,000 ~10% % of Total Change: 9% 46% 45% 314 315 Table 1. Annual Levy Impacts of 9-Year CIP Implementation. All figures are in 2012 dollars. 316 Levy change percentages do not account for other types of levy impacts, such as operating cost 317 increases. 318 319 Additional Recommendations 320 321 322The CIP Subcommittee recommends strongly that the City Council adopt this plan by resolution, 323making it the policy of the City, incenting future City decision makers to follow through on these 324critical funding plans. 325 326Further, the Subcommittee recommends adopting a change to the existing Capital Replacement 327Policy to require biennial reviews of the capital fund balance projections based on the latest 20- 328Year Capital Improvement Plan in order to be sure that the funding of capital needs keeps pace 329with changes in the plan as well as updates to costs based on inflation. The objective of the 330policy should be to make sure that sustainable positive fund balances can be projected in each 331fund over the coming 20 years, and that capital funding amounts in the tax levy and utility fees 332are adjusted to keep up with those requirements. 333 334