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Parks Improvement Program
<br />Scenario 1 - Current "Revised" Plan
<br />Year Add'l Levy Total Levy Expenditures Reserve Use Reserve Earnings Reserve Balance
<br />Levy Expenditure
<br />Coverage %
<br />2016 62,000.00
<br />2017 200,000.00 200,000.00 - 1,860.00 63,860.00 100.0%
<br />2018 200,000.00 2,092,090.00 1,892,090.00 - (1,828,230.00) 9.6%
<br />2019 200,000.00 1,111,290.00 911,290.00 - (2,739,520.00) 18.0%
<br />2020 650,000.00 850,000.00 1,304,000.00 454,000.00 - (3,193,520.00) 65.2%
<br />2021 850,000.00 615,000.00 - - (2,958,520.00) 138.2%
<br />2022 850,000.00 779,250.00 - - (2,887,770.00) 109.1%
<br />2023 850,000.00 806,500.00 - - (2,844,270.00) 105.4%
<br />2024 850,000.00 630,000.00 - - (2,624,270.00) 134.9%
<br />2025 850,000.00 732,570.00 - - (2,506,840.00) 116.0%
<br />2026 850,000.00 618,000.00 - - (2,274,840.00) 137.5%
<br />2027 850,000.00 585,000.00 - - (2,009,840.00) 145.3%
<br />2028 850,000.00 641,500.00 - - (1,801,340.00) 132.5%
<br />2029 850,000.00 697,500.00 - - (1,648,840.00) 121.9%
<br />2030 850,000.00 1,325,250.00 475,250.00 - (2,124,090.00) 64.1%
<br />2031 850,000.00 731,670.00 - - (2,005,760.00) 116.2%
<br />2032 850,000.00 828,000.00 - - (1,983,760.00) 102.7%
<br />2033 850,000.00 710,000.00 - - (1,843,760.00) 119.7%
<br />2034 850,000.00 914,000.00 64,000.00 - (1,907,760.00) 93.0%
<br />2035 850,000.00 619,000.00 - - (1,676,760.00) 137.3%
<br />2036 850,000.00 649,950.00 - - (1,476,710.00) 130.8%
<br />Assumptions:
<br />2020 levy increase is a repurpose of bond issuance #27
<br />-4,000,000.00
<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 />2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036
<br />Total Levy
<br />Expenditures
<br />Reserve Balance
<br />Park Improvement Program
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