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Scenario 5- Long-term levy increases with 3% interest earnings
<br />Year
<br />2014
<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 />Add'I Levy Total Levy
<br />150,000.00
<br />160, 000.00
<br />160, 000.00
<br />120,000.00
<br />100, 000.00
<br />100,000.00
<br />100, 000.00
<br />100,000.00
<br />50,000.00
<br />50,000.00
<br />50,000.00
<br />50,000.00
<br />50,000.00
<br />50,000.00
<br />50,000.00
<br />50,000.00
<br />50,000.00
<br />50,000.00
<br />50,000.00
<br />50,000.00
<br />50,000.00
<br />14,000,000.00
<br />12,000,000.00
<br />10,000,000.00
<br />8,000,000.00 -
<br />6,000,000.00
<br />4,000,000.00 -
<br />2,000,000.00
<br />0.00
<br />160,000.00
<br />310,000.00
<br />470,000.00
<br />630,000.00
<br />750,000.00
<br />850,000.00
<br />950,000.00
<br />1,050,000.00
<br />1,150,000.00
<br />1,200,000.00
<br />1,250,000.00
<br />1,300,000.00
<br />1,350,000.00
<br />1,400,000.00
<br />1,450,000.00
<br />1,500,000.00
<br />1,550,000.00
<br />1,600,000.00
<br />1,650,000.00
<br />1,700,000.00
<br />1,750,000.00
<br />1,800,000.00
<br />Revenues Expenditures Reserve Use
<br />1,260,000.00
<br />1,410,000.00
<br />1,570,000.00
<br />1,730,000.00
<br />1,850,000.00
<br />1,950,000.00
<br />2,050,000.00
<br />2,150,000.00
<br />2,250,000.00
<br />2,300,000.00
<br />2,350,000.00
<br />2,400,000.00
<br />2,450,000.00
<br />2,500,000.00
<br />2,550,000.00
<br />2,600,000.00
<br />2,650,000.00
<br />2,700,000.00
<br />2,750,000.00
<br />2,800,000.00
<br />2,850,000.00
<br />2,900,000.00
<br />2,100,000.00
<br />2,142,000.00
<br />2,184,840.00
<br />2,228,536.80
<br />2, 273,107.54
<br />2,318,569.69
<br />2,364,941.08
<br />2,412,239.90
<br />2,460,484.70
<br />2,509,694.39
<br />2,559,888.28
<br />2,611,086.05
<br />2,663,307.77
<br />2,716,573.92
<br />2,770,905.40
<br />2,826,323.51
<br />2,882,849.98
<br />2,940,506.98
<br />2,999,317.12
<br />3,059,303.46
<br />3,120,489.53
<br />3,182,899.32
<br />840,000.00
<br />732,000.00
<br />614,840.00
<br />498,536.80
<br />423,107.54
<br />368,569.69
<br />314,941.08
<br />262,239.90
<br />210,484.70
<br />209,694.39
<br />209,888.28
<br />211,086.05
<br />213,307.77
<br />216,573.92
<br />220,905.40
<br />226,323.51
<br />232,849.98
<br />240,506.98
<br />249,317.12
<br />259,303.46
<br />270,489.53
<br />282,899.32
<br />Reserve Earnings
<br />334,800.00
<br />322,884.00
<br />314,125.32
<br />308,592.98
<br />305,157.54
<br />303,255.17
<br />302,904.60
<br />304,124.54
<br />306,933.73
<br />309,850.91
<br />312,849.79
<br />315,902.70
<br />318,980.55
<br />322,052.75
<br />325,087.17
<br />328,050.08
<br />330,906.08
<br />333,618.06
<br />336,147.09
<br />338,452.39
<br />340,491.28
<br />342,219.04
<br />,yR ,y`' ,y�o ,y1 ,y4� ,y� .�,° ,ti'y �,'L .�,'' �,P ,ti`' �,6 ,y1 ,ti'b ,yoi .�° ,�'v ,�'L 3'' .�° ,y`' ,��0
<br />,LO ,y0 ,ti0 ,y0 ,LO ,y0 ,y0 ,ti0 ,y0 ,ti0 ,y0 ,ti0 ,y0 ,ti0 ,y0 ,ti0 ,y0 ,ti0 ,LO ,ti0 ,ti0 ,ti0 ,ti0
<br />Assumptions: MSA funds of $1.1M received every year
<br />Expendituresincrease at 2% peryear
<br />Reserve Earnings of 3%
<br />$160K in 2015 is repurpose of Street Bond Issue #25
<br />$150K in 2016 is repurpose of Street Bond Issue #23
<br />The rest of levy increases are additional tax levy
<br />Results:
<br />22 year interest earnings of: 7,057,385.79
<br />Endowment preserved at $12M
<br />Attachment B4 Appendix
<br />Reserve Balance
<br />12,000,000.00
<br />11,494,800.00
<br />11,085,684.00
<br />10,784,969.32
<br />10,595,025.50
<br />10,477,075.50
<br />10,411,760.99
<br />10,399,724.50
<br />10,441,609.14
<br />10,538,058.17
<br />10,638,214.69
<br />10, 741,176. 20
<br />10,845,992.86
<br />10,951,665.64
<br />11, 057,144.47
<br />11,161, 326.24
<br />11,263,052.81
<br />11,361,108.92
<br />11,454,219.99
<br />11,541,049.96
<br />11, 620,198.89
<br />11,690,200.64
<br />11,749,520.36
<br />� Revenues
<br />� Expenditures
<br />—Reserve Balance
<br />Levy Expenditure
<br />Coverage %
<br />7.6%
<br />14.5 %
<br />21.5%
<br />28.3 %
<br />33.0%
<br />36.7 %
<br />40.2%
<br />43.5%
<br />46.7%
<br />47.8%
<br />48.8%
<br />49.8%
<br />50.7%
<br />51.5 %
<br />523%
<br />53.1%
<br />53.8%
<br />54.4%
<br />55.0%
<br />55.6%
<br />56.1%
<br />56.6%
<br />
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