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Scenario 4- No Oval Expenditure
<br />Year Add'I Levy
<br />2014
<br />2015
<br />2016 50,000.00
<br />2017 -
<br />2018 335,000.00
<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 />2,000,000.00
<br />1,500,000.00
<br />1,000,000.00
<br />500,000.00
<br />0.00
<br />-500,000.00
<br />Total Levy Expenditures Reserve Use
<br />135,000.00
<br />185,000.00
<br />185,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />520,000.00
<br />447,300.00
<br />637,500.00
<br />337,700.00
<br />569,000.00
<br />378,800.00
<br />222,000.00
<br />560,000.00
<br />734,200.00
<br />782,900.00
<br />298,400.00
<br />738,500.00
<br />67,000.00
<br />48,600.00
<br />125,000.00
<br />405,900.00
<br />160,300.00
<br />1,206,400.00
<br />459,000.00
<br />489,000.00
<br />439,500.00
<br />187,500.00
<br />312,300.00
<br />452,500.00
<br />92,701.03
<br />40,000.00
<br />214, 200.00
<br />98,813.19
<br />686,400.00
<br />Attachment B4 Appendix
<br />Levy Expenditure
<br />Reserve Earnings Reserve Balance Coverage %
<br />839,000.00
<br />15,801.00 542,501.00 30.2%
<br />2,700.03 92,701.03 29.0%
<br />(59,998.97) 54.8%
<br />(108,998.97) 91.4%
<br />966.03 33,167.06 137.3%
<br />9,935.01 341,102.07 234.2%
<br />9,033.06 310,135.13 92.9%
<br />2,878.05 98,813.19 70.8%
<br />(164,086.81) 66.4%
<br />57,513.19 174.3%
<br />(160,986.81) 70.4%
<br />8,760.40 300,773.58 776.1%
<br />23,165.21 795, 338.79 1070.0 %
<br />35,710.16 1,226,048.96 416.0%
<br />40, 204.47 1, 380, 353.42 128.1 %
<br />52,201.60 1,792,255.03 324.4%
<br />33,175.65 1,139,030.68 43.1%
<br />36,000.92 1,236,031.60 113.3 %
<br />38,010.95 1,305,042.55 106.3 %
<br />41, 566.28 1,427,108.82 118.3 %
<br />52,788.26 1,812,397.09 277.3%
<br />Assumptions: Reserve Earnings of 3%
<br />2016 Levy increase is tax increase
<br />2018 Levy increase is repurpose of bond issuance
<br />No $2.1M Oval Expenditure in 2020
<br />Reserve earnings of $403K in 20 years
<br />
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