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Tax Rates <br />Tax Rates: <br />General Fund Operations and All Funds Cash Balances <br />General Fund Balance as a Percent of Expenditures:Cash Balance by Planned Use (000's): <br />Tax rates are a function of the levy and total tax base. The city tax rate is computed by dividing the city levy by the taxable tax capacity. Future tax rates are based <br />on the assumption of 3.5% growth in tax capacity (see Assumptions). Comparable communities are provided for reference. <br />The General fund fund balance should be maintained at a level to provide for <br />adequate working capital reserves. The MN State Auditor recommends a 35-50% <br />reserve. As the expenditure budget grows, the required reserve should increase <br />accordingly. The City can build to this target by adding to contingency each year. <br />This can be accomplished by reducing expenditures and maintaining the same <br />level of revenue or increasing tax levy. <br />The balances represented in this graph are categorized by the planned <br />use and/or limitations determined by statute. <br /> $- <br /> $5,000,000 <br /> $10,000,000 <br /> $15,000,000 <br /> $20,000,000 <br /> $25,000,000 <br />Total Fund Balance <br />Budget (calculation based on next years budget) <br />Target Fund Balance (45%) <br />General Fund Balance as a Percent of Expenditures <br />2017 (Actual) 2018 -2030 (Estimated) <br />0.00% <br />10.00% <br />20.00% <br />30.00% <br />40.00% <br />50.00% <br />60.00% <br />70.00% <br />City Tax Capacity Rates <br />2017 -2018 (Actual) and 2019 -2030 (Estimated) <br />General Capital levies <br />Scheduled debt levies Total EDA Tax Rate <br /> $- <br /> $10,000,000 <br /> $20,000,000 <br /> $30,000,000 <br /> $40,000,000 <br /> $50,000,000 <br /> $60,000,000 <br />Cash Balance by Planned Use <br />2017 (Actual) and 2018 -2030 (Estimated) <br />General fund Debt service <br />Capital projects Special revenue <br />Enterprise Internal service <br />Agency (pass-through grant) <br />0.00% <br />10.00% <br />20.00% <br />30.00% <br />40.00% <br />50.00% <br />60.00% <br />70.00% <br />80.00% <br />2013 2014 2015 2016 2017 2018 <br />Tax Capacity Tax Rate -Comparison Cities <br />2013 -2018 (Actual) <br />City Name City Name City Name <br />City Name Sample City <br />79 <br />Sample