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Scenario 7 - No Oval Expenditure plus one-time $500K in funding
<br />Year Add'l Levy Total Levy Expenditures Reserve Use Reserve Earnings Reserve Balance
<br />Levy Expenditure
<br />Coverage %
<br />2016 572,000.00
<br />2017 212,000.00 169,200.00 - 18,444.00 633,244.00 125.3%
<br />2018 - 212,000.00 882,500.00 670,500.00 - (37,256.00) 24.0%
<br />2019 335,000.00 547,000.00 413,800.00 - - 95,944.00 132.2%
<br />2020 - 547,000.00 153,000.00 - 14,698.32 504,642.32 357.5%
<br />2021 - 547,000.00 690,000.00 143,000.00 10,849.27 372,491.59 79.3%
<br />2022 - 547,000.00 734,200.00 187,200.00 5,558.75 190,850.34 74.5%
<br />2023 - 547,000.00 920,300.00 373,300.00 - (182,449.66) 59.4%
<br />2024 - 547,000.00 223,400.00 - - 141,150.34 244.9%
<br />2025 - 547,000.00 881,000.00 334,000.00 - (192,849.66) 62.1%
<br />2026 - 547,000.00 67,000.00 - - 287,150.34 816.4%
<br />2027 - 547,000.00 78,600.00 - 22,666.51 778,216.85 695.9%
<br />2028 - 547,000.00 367,000.00 - 28,746.51 986,963.35 149.0%
<br />2029 - 547,000.00 429,900.00 - 33,121.90 1,137,185.25 127.2%
<br />2030 - 547,000.00 86,300.00 - 47,936.56 1,645,821.81 633.8%
<br />2031 - 547,000.00 1,183,900.00 636,900.00 30,267.65 1,039,189.47 46.2%
<br />2032 - 547,000.00 409,000.00 - 35,315.68 1,212,505.15 133.7%
<br />2033 - 547,000.00 578,000.00 31,000.00 35,445.15 1,216,950.30 94.6%
<br />2034 - 547,000.00 419,500.00 - 40,333.51 1,384,783.81 130.4%
<br />2035 - 547,000.00 216,500.00 - 51,458.51 1,766,742.33 252.7%
<br />2036 - 547,000.00 363,000.00 - 58,522.27 2,009,264.60 150.7%
<br />Assumptions: Reserve Earnings of 3%
<br />2019 Levy increase is repurpose of bond issuance
<br />All expenditures are at 90% of existing CIP
<br />-500,000.00
<br />0.00
<br />500,000.00
<br />1,000,000.00
<br />1,500,000.00
<br />2,000,000.00
<br />2,500,000.00
<br />Ye
<br />a
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<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
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<br />2
<br />7
<br />20
<br />2
<br />8
<br />20
<br />2
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<br />20
<br />3
<br />0
<br />20
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<br />3
<br />2
<br />20
<br />3
<br />3
<br />20
<br />3
<br />4
<br />20
<br />3
<br />5
<br />Total Levy
<br />Expenditures
<br />Reserve Balance
<br />General Facilities Program
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