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Attachment A
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<br />GeneralRecreationITCapitalDebt
<br />FundFundFundFundsFundsTotal
<br />2014 Tax Levy Requirement
<br />$ 2,075,21510,432,506$ 200,000$ 1,596,000$ 3,700,000$ $ 18,003,721
<br />2015 Tax Levy Proposed Additions
<br />Employee COLA(a)150,770 61,365 -- - 212,135
<br /> Less Adjustment on 8/25/14(a) (10,500)(24,500) - - -(35,000)
<br />Employee Wage Step Increases(b)94,100 34,900 -- - 129,000
<br />Employer Pension Contribution-Mandatory Incr.(c)42,000 25,000 -- - 67,000
<br />New Employees (FD)(d)69,000 - -- - 69,000
<br />Emerald Ash Borer Treatment Funding(e)- 25,000 -- - 25,000
<br />Inflation - Contractual Obligations(f)101,960 - -- - 101,960
<br />Inflation - Other(g)45,865 3,005 -- - 48,870
<br />Contingency (further FD Personnel costs??)(h) -32,865 - - - 32,865
<br />Capital Replacements(i) -- 50,000 170,000 - 220,000
<br />Adjustments for Available Non-Tax Revenues 6,365(177,366) - - - (171,001)
<br />Eliminate Use of Reserves - General Fund -346,000 - - - 346,000
<br /> Less Adjustment on 8/25/14 -(25,000) - - -(25,000)
<br />Eliminate Use of Reserves - Recreation Fund 30,000- - - - 30,000
<br />Debt Service - (N/A for 2015) -- - - - -
<br />Total Tax Levy Additions
<br />$ 175,135655,694$ 50,000$ 170,000$ -$ 1,050,829$
<br />2015 Tax Levy Proposed Reductions
<br />Debt Service - City Hall, PW Bldg. Bonds(i) -- - - (60,000)(60,000)
<br />Debt Service - Street Bonds(i) -- - - (160,000)(160,000)
<br />Total Tax Levy Reductions
<br />$ --$ -$ -$ (220,000)$ (220,000)$
<br />2015 Proposed Tax Levy
<br />$ 2,250,35011,088,200$ 250,000$ 1,766,000$ 3,480,000$ 18,834,550$
<br />$ 830,829
<br />$ Increase655,694$ 175,135$ 50,000$ 170,000$ (220,000)$
<br />% Increase6.3%8.4%25.0%10.7%-5.9%4.6%
<br />Notes:
<br />(a)Employee COLA: originally budgeted for 2.0%, adjusted to 1.4% on 08/25/14 for NON-UNION EMPLOYEES ONLY
<br />(b)Employee Wage Step Increases; approximately 50 tax-supported employees are eligible for step increases
<br />(c)Employer Pension Contribution-Mandatory Increast for Police & Fire employees
<br />(d)New Employees (FD); includes the hiring of additional full-time employees offset by other staffing-related costs
<br />(e)Emerald Ash Borer Funding
<br />(f)Inflation - Contractual Obligations
<br />(g)Inflation - Other
<br />(h)Contingency (pending FD Staffing changes)
<br />(i)$220K Debt service re-allocated to Pavement Management Program & Facility Replacement. Some CIP funding moved from
<br /> General Equipment to IT Equipment
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