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collect the total annual levy amount. 12. Gross Levy. The Gross Levy is the total amount of Property Taxes, HACA, Local Government Aid. and Local Performance Aid revenues that the City is to receive for the year including fiscal disparity revenues. This is essentially the starting point. This amount is set every year based on the revenue needs of the city. Annual increases, however, are regulated by the State based on typical growth characteristics for each city. To maintain current service levels, our methodology increases the gross levy in proportion to total assessed value. Therefore, new property receives the same service levels as the current base. 13. Local Government Aid. Local Government Aid is received from the State. It, along with Local Performance Aid, is subtracted from the Gross Levy in order to determine the Certified Levy (Point 16 below). Local Government Aid increases each year based on the current State formula and is described under Points 26 to 39 below. 14. Local Performance Aid. This small amount of revenue is also received from the State. It, along with Local Government Aid, is subtracted from the Gross Levy in order to determine the Certified Levy (Point 16 below). In accordance with the State formula, Local Performance Aid is projected to increase each year in proportion to population. 15. RACA. This is the Homestead and Agricultural Credit Aid. It, along with FD revenues to the City, is subtracted from the Certified Levy in order to determine the Adjusted Levy (Point 18 below). For Roseville (and all other cities), HACA was not adjusted between 1998 and 1999. Since a snapshot approach is used, total HACA will remain constant into the future. 16. Certified Levy. This is the determined by the State based on subtracting Local Government Aid and Local Performance Aid from the Gross Levy. It is the total amount of property tax revenues to be collected for the year including fiscal disparity revenues and HACA. 17. FD Revenues to City. This is the amount of Fiscal Disparity revenues received by the City as explained in Point 11 above. It is subtracted from the Certified Levy to determine the Adjusted Levy (Point 18). 18. Adjusted Levy. The Adjusted Levy is calculated by subtracting the Fiscal Disparity revenues and HACA to the City from the Certified Levy. This has the effect of creating a smaller levy amount fror:n which the tax rate is calculated. The tax rate thus decreases giving a "credit" to property owners based on the amount of revenues the City receives from the areawide pool. 19. Tax Rate. The tax rate is calculated by dividing the Adjusted Levy by the Net Tax Capacity. This incorporates the contribution to and the distribution from the areawide fiscal disparities pool. The current rate is 19.997 percent, resulting in the City receiving the Certified Levy amount including Fiscal Disparities. 20. Population. Population increases each year based on the number of new single family and multifamily units built and the number of residents per unit by unit type as defined under the Page 39 Tischler & Associates, Inc.