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Scenario 2 - Additional 50K increase in 2017
<br />Year Add'l Levy Total Levy Expenditures Reserve Use Reserve Earnings Reserve Balance
<br />Levy Expenditure
<br />Coverage %
<br />2016 72,000.00
<br />2017 50,000.00 262,000.00 169,200.00 - 4,944.00 76,944.00 154.8%
<br />2018 - 262,000.00 882,500.00 620,500.00 - (543,556.00) 29.7%
<br />2019 335,000.00 597,000.00 413,800.00 - - (360,356.00) 144.3%
<br />2020 - 597,000.00 2,253,000.00 1,656,000.00 - (2,016,356.00) 26.5%
<br />2021 - 597,000.00 690,000.00 93,000.00 - (2,109,356.00) 86.5%
<br />2022 - 597,000.00 734,200.00 137,200.00 - (2,246,556.00) 81.3%
<br />2023 - 597,000.00 920,300.00 323,300.00 - (2,569,856.00) 64.9%
<br />2024 - 597,000.00 223,400.00 - - (2,196,256.00) 267.2%
<br />2025 - 597,000.00 881,000.00 284,000.00 - (2,480,256.00) 67.8%
<br />2026 - 597,000.00 67,000.00 - - (1,950,256.00) 891.0%
<br />2027 - 597,000.00 78,600.00 - - (1,431,856.00) 759.5%
<br />2028 - 597,000.00 367,000.00 - - (1,201,856.00) 162.7%
<br />2029 - 597,000.00 429,900.00 - - (1,034,756.00) 138.9%
<br />2030 - 597,000.00 86,300.00 - - (524,056.00) 691.8%
<br />2031 - 597,000.00 1,183,900.00 586,900.00 - (1,110,956.00) 50.4%
<br />2032 - 597,000.00 409,000.00 - - (922,956.00) 146.0%
<br />2033 - 597,000.00 578,000.00 - - (903,956.00) 103.3%
<br />2034 - 597,000.00 419,500.00 - - (726,456.00) 142.3%
<br />2035 - 597,000.00 216,500.00 - - (345,956.00) 275.8%
<br />2036 - 597,000.00 363,000.00 - - (111,956.00) 164.5%
<br />Assumptions: Reserve Earnings of 3%
<br />2017 Levy increase is tax increase
<br />2019 Levy increase is repurpose of bond issuance
<br />-3,000,000.00
<br />-2,000,000.00
<br />-1,000,000.00
<br />0.00
<br />1,000,000.00
<br />2,000,000.00
<br />3,000,000.00
<br />20
<br />1
<br />6
<br />20
<br />1
<br />7
<br />20
<br />1
<br />8
<br />20
<br />1
<br />9
<br />20
<br />2
<br />0
<br />20
<br />2
<br />1
<br />20
<br />2
<br />2
<br />20
<br />2
<br />3
<br />20
<br />2
<br />4
<br />20
<br />2
<br />5
<br />20
<br />2
<br />6
<br />20
<br />2
<br />7
<br />20
<br />2
<br />8
<br />20
<br />2
<br />9
<br />20
<br />3
<br />0
<br />20
<br />3
<br />1
<br />20
<br />3
<br />2
<br />20
<br />3
<br />3
<br />20
<br />3
<br />4
<br />20
<br />3
<br />5
<br />20
<br />3
<br />6
<br />Total Levy
<br />Expenditures
<br />Reserve Balance
<br />General Facilities Program
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