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<br />CITY OF LINO LAKES
<br />2013 -2017 Financial Plan
<br />Capital Equipment Replacement Financing Schedule
<br />Police, Fire, Public Works & Parks
<br />2013 2014 2015 2016 2017
<br />2009 Certificate
<br />2010 Certificate 64,890
<br />2011 Certificate 42,851 43,481
<br />2012 Certificate 54,469 53,561 54,086
<br />2013 Certificate 60,086 60,787 60,979
<br />2014 Certificate 51,875 51,010 51,510
<br />2015 Certificate 60,354 59,180
<br />2016 Certificate 55,067
<br />Debt Levy 162,209 157,127 166,748 172,343 165,757
<br />Equip Levy - 200,000 250,000 300,000 350,000
<br />Total Levy 162,209 357,127 416,748 472,343 515,757
<br />Annual Change in Levy (323,390) 194,918 59,621 55,595 43,414
<br />New Certificates Issued 168,250 150,000 175,000 160,000 50,000
<br />Equipment Replacement Fund
<br />2013 2014 2015 2016 2017
<br />Balance 1/1 134,735 156,004 25,741 32,123 35,951
<br />Certificates /Levy 168,250 350,000 425,000 460,000 400,000
<br />Unused 5% Overlevy 7,724 7,482 8,064 8,472 8,288
<br />Scheduled Purchases
<br />Public Services 0 (295,000) (278,000) (296,000) (205,000)
<br />Police (108,000) (144,000) (96,000) (120,000) (120,000)
<br />Fire (60,250) (65,000) (65,000) (65,000) (65,000)
<br />Sale of Used Vehicles (Salvage) 12,000 16,000 12,000 16,000 16,000
<br />Utility Fund Contribution
<br />Interest income @ 1% 1,545 255 318 356 702
<br />Balance 12/31 156,004 25,741 32,123 35,951 70,941
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