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Scenario 5 - Expenditures at 90%
<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 200,000.00 180,000.00 - 2,460.00 64,460.00 111.1%
<br />2018 200,000.00 1,882,881.00 1,682,881.00 - (1,618,421.00) 10.6%
<br />2019 200,000.00 1,000,161.00 800,161.00 - (2,418,582.00) 20.0%
<br />2020 650,000.00 850,000.00 1,173,600.00 323,600.00 - (2,742,182.00) 72.4%
<br />2021 850,000.00 553,500.00 - - (2,445,682.00) 153.6%
<br />2022 850,000.00 701,325.00 - - (2,297,007.00) 121.2%
<br />2023 850,000.00 725,850.00 - - (2,172,857.00) 117.1%
<br />2024 850,000.00 567,000.00 - - (1,889,857.00) 149.9%
<br />2025 850,000.00 659,313.00 - - (1,699,170.00) 128.9%
<br />2026 850,000.00 556,200.00 - - (1,405,370.00) 152.8%
<br />2027 850,000.00 526,500.00 - - (1,081,870.00) 161.4%
<br />2028 850,000.00 577,350.00 - - (809,220.00) 147.2%
<br />2029 850,000.00 627,750.00 - - (586,970.00) 135.4%
<br />2030 850,000.00 1,192,725.00 342,725.00 - (929,695.00) 71.3%
<br />2031 850,000.00 658,503.00 - - (738,198.00) 129.1%
<br />2032 850,000.00 745,200.00 - - (633,398.00) 114.1%
<br />2033 850,000.00 639,000.00 - - (422,398.00) 133.0%
<br />2034 850,000.00 822,600.00 - - (394,998.00) 103.3%
<br />2035 850,000.00 557,100.00 - - (102,098.00) 152.6%
<br />2036 850,000.00 584,955.00 - - 162,947.00 145.3%
<br />Assumptions:
<br />2020 levy increase is a repurpose of bond issuance #27
<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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