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Scenario 4 - No Oval Expenditure
<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 212,000.00 169,200.00 - 3,444.00 118,244.00 125.3%
<br />2018 - 212,000.00 882,500.00 670,500.00 - (552,256.00) 24.0%
<br />2019 335,000.00 547,000.00 413,800.00 - - (419,056.00) 132.2%
<br />2020 - 547,000.00 153,000.00 - - (25,056.00) 357.5%
<br />2021 - 547,000.00 690,000.00 143,000.00 - (168,056.00) 79.3%
<br />2022 - 547,000.00 734,200.00 187,200.00 - (355,256.00) 74.5%
<br />2023 - 547,000.00 920,300.00 373,300.00 - (728,556.00) 59.4%
<br />2024 - 547,000.00 223,400.00 - - (404,956.00) 244.9%
<br />2025 - 547,000.00 881,000.00 334,000.00 - (738,956.00) 62.1%
<br />2026 - 547,000.00 67,000.00 - - (258,956.00) 816.4%
<br />2027 - 547,000.00 78,600.00 - - 209,444.00 695.9%
<br />2028 - 547,000.00 367,000.00 - 11,683.32 401,127.32 149.0%
<br />2029 - 547,000.00 429,900.00 - 15,546.82 533,774.14 127.2%
<br />2030 - 547,000.00 86,300.00 - 29,834.22 1,024,308.36 633.8%
<br />2031 - 547,000.00 1,183,900.00 636,900.00 11,622.25 399,030.61 46.2%
<br />2032 - 547,000.00 409,000.00 - 16,110.92 553,141.53 133.7%
<br />2033 - 547,000.00 578,000.00 31,000.00 15,664.25 537,805.78 94.6%
<br />2034 - 547,000.00 419,500.00 - 19,959.17 685,264.95 130.4%
<br />2035 - 547,000.00 216,500.00 - 30,472.95 1,046,237.90 252.7%
<br />2036 - 547,000.00 363,000.00 - 36,907.14 1,267,145.04 150.7%
<br />Assumptions: Reserve Earnings of 3%
<br />2019 Levy increase is repurpose of bond issuance
<br />No $2.1M Oval Expenditure in 2020
<br />Reserve earnings of $191K in 20 years
<br />-1,000,000.00
<br />-500,000.00
<br />0.00
<br />500,000.00
<br />1,000,000.00
<br />1,500,000.00
<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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