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Attachment B
<br />Current "Revised" Plan - Summary of Levy Levels - Pavement Mgmt, General Facilities, & PIP Capital Improvement Plans
<br />Year
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />2020
<br />2021
<br />2022
<br />2023
<br />2024
<br />2025
<br />2026
<br />2027
<br />2028
<br />2029
<br />2030
<br />2031
<br />2032
<br />2033
<br />2034
<br />2035
<br />2036
<br />RESULTS
<br />Pavement M�mt Program
<br />Add'I Levy^ Total Levy^
<br />- 160,000
<br />150,000 310,000
<br />160,000 470,000
<br />160,000 630,000
<br />200,000 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />- 830,000
<br />General Facilities Parks Improvement Pro�ram
<br />Add'I Levy^ Total Levy^ Add'I Levy^ Total Levy^
<br />- 135,000 - 40,000
<br />50,000 185,000 160,000 200,000
<br />- 185,000 - 200,000
<br />335,000 520,000 - 200,000
<br />- 520,000 - 200,000
<br />- 520,000 650,000 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />- 520,000 - 850,000
<br />TOTAL
<br />Add'ILevy TotalLevy
<br />- 335,000
<br />360,000 695,000 *
<br />160,000 855,000
<br />495,000 1,350,000 **
<br />200,000 1,550,000
<br />650,000 2,200,000 ***
<br />- 2,200,000
<br />- 2,200,000
<br />- 2,200,000
<br />- 2,200,000
<br />- 2,200,000
<br />- 2,200,000
<br />- 2,200,000
<br />- 2,200,000
<br />- 2,200,000
<br />- 2,200,000
<br />- 2,200,000
<br />- 2,200,000
<br />- 2,200,000
<br />- 2,200,000
<br />- 2,200,000
<br />- 2,200,000
<br />20 year gap of ($5.25M). Also eliminates Pavement Management Program Endowment fund.
<br />Provides funding for 94.1% of $88.9M in CIP expenditures
<br />To fix, would need 2016 Levy Increase of $263K in 2016 and keep for next 20 years to fully fund.
<br />Then would need $1.1M increase in 2037 to continue Pavement Management Program since Endowment would be depleted.
<br />Finance Commission Supported Plan - Summary of Levy Levels - Pavement Mgmt, General Facilities, & PIP Capital Improvement Plans
<br />Year
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />2020
<br />2021
<br />2022
<br />2023
<br />2024
<br />2025
<br />2026
<br />2027
<br />2028
<br />2029
<br />2030
<br />2031
<br />2032
<br />2033
<br />2034
<br />2035
<br />2036
<br />RESULTS
<br />Pavement M�mt Program
<br />Add'I Levy^ Total Levy^
<br />- 160,000
<br />310,000
<br />160,000 470,000
<br />160,000 630,000
<br />200,000 830,000
<br />110,000 940,000
<br />110,000 1,050,000
<br />110,000 1,160,000
<br />23,200 1,183,200
<br />23,664 1,206,864
<br />24,137 1, 231,001
<br />24,620 1,255,621
<br />25,112 1, 280, 734
<br />25,615 1,306,348
<br />26,127 1, 332,475
<br />26, 650 1,359,125
<br />27,182 1, 386, 307
<br />27,726 1,414,034
<br />28,281 1,442,314
<br />28,846 1,471,160
<br />29,423 1,500,584
<br />30,012 1,530,595
<br />General Facilities Parks Improvement Pro�ram
<br />Add'I Levy^ Total Levy^ Add'I Levy^ Total Levy^
<br />- 135,000 - 40,000
<br />50,000 185,000 160,000 200,000
<br />- 185,000 50,000 250,000
<br />520,000 50,000 300,000
<br />- 520,000 50,000 350,000
<br />- 520,000 1,000,000
<br />- 520,000 50,000 1,050,000
<br />- 520,000 - 1,050,000
<br />- 520,000 - 1,050,000
<br />- 520,000 - 1,050,000
<br />- 520,000 - 1,050,000
<br />- 520,000 - 1,050,000
<br />- 520,000 - 1,050,000
<br />- 520,000 - 1,050,000
<br />- 520,000 - 1,050,000
<br />- 520,000 - 1,050,000
<br />- 520,000 - 1,050,000
<br />- 520,000 - 1,050,000
<br />- 520,000 - 1,050,000
<br />- 520,000 - 1,050,000
<br />- 520,000 - 1,050,000
<br />- 520,000 - 1,050,000
<br />TOTAL
<br />Add'ILevy^ TotalLevy^
<br />- 335,000
<br />360,000 695,000 *
<br />210,000 905,000
<br />545,000 1,450,000 **
<br />250,000 1,700,000
<br />760,000 2,460,000 ***
<br />160,000 2,620,000
<br />110,000 2,730,000
<br />23,200 2,753,200
<br />23,664 2,776,864
<br />24,137 2,801,001
<br />24,620 2,825,621
<br />25,112 2,850,734
<br />25,615 2,876,348
<br />26,127 2,902,475
<br />26,650 2,929,125
<br />27,182 2,956,307
<br />27,726 2,984,034
<br />28,281 3,012,314
<br />28,846 3,041,160
<br />29,423 3,070,584
<br />30,012 3,100,595
<br />No funding gap. Also preserves Pavement Management Program Endownment fund at $lOM into perpetuity.
<br />Provides funding for 100% of 85.9M in CIP expenditures
<br />By preserving PMP Endowment, we are able to reduce levy by $300K annually into perpetuity
<br />* 2015 Pavement Mgmt Program $150K Levy increase was levy repurpose
<br />** 2018 General Facilities $335K Levy increase was levy repurpose
<br />*** 2020 Parks Improvement Program $650K Levy increase was levy repurpose
<br />^ Dedicated Revenue Stream Needed, including levy and other sources
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