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Date <br />Honorable Mayor and City Council <br />City of Sample <br />Address <br />City, Minnesota Zip Code <br />Introduction <br />As discussed in prior communications to the City Council, we have been preparing a long term plan for the City that is <br />intended to give a big picture view of the status now and five years from now. We have measured and projected <br />operations, capital and debt for the City based on assumptions made by management. The City’s assumptions made are <br />as follows: <br />Assumptions <br />The following assumptions have been used to calculate the projections in this report: <br />Rates <br />Interest Earnings 1.00% <br />Governmental Fund Revenue Growth 3.00% <br />Governmental Fund Expenditure Growth 3.00% <br />Water and Sanitary Sewer Funds <br />2020 - 2022 15.00% <br />2023 - 2024 10.00% <br />2025 - 2030 0.00% <br />Storm Drainage Fund Expense Growth(1)5.00% <br />Street Lighting 2.00% <br />General Fund Levy Growth 3.00% <br />EDA Fund Levy Growth 2.00% <br />Population Growth 0.49% <br />Median Home Value Growth 3.00% <br />Tax Capacity Growth Rate (Including Fiscal Disparities)5.00% <br />Governmental Fund Debt Interest Rate 3.00% <br />Governmental Fund Debt Term 15 <br />5 <br />Sample