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CITY OF LINO LAKES
<br />2011 -2015 Financial Plan
<br />Capital Equipment Replacement Financing Schedule
<br />Police, Fire, Public Works & Parks
<br />2011 2012 2013 2014 2015
<br />2008 Certificate 80,808
<br />2009 Certificate 127,008 127,617
<br />2010 Certificate 64,864 64,617 64,890
<br />2011 Certificate 43,365 42,851 43,481
<br />2012 Certificate 40,014 39,627 39,239
<br />2013 Certificate 48,917 48,206
<br />Debt Levy 272,680 235,599 147,754 132,024 87,444
<br />Equip Levy
<br />Total Levy
<br />Annual Change in Levy
<br />200,000 300,000 400,000 450,000 500,000
<br />472,680 535,599 547,754 582,024 587,444
<br />62,919 12,155 34,270 5,420
<br />New Certificates Issued 120,000 110,000 135,000
<br />Equipment Replacement Fund
<br />2011 2012 2013 2014 2015
<br />Balance 1/1 174,552 100,027 3,279 5,463 95,698
<br />Certificates /Levy 320,000 410,000 535,000 450,000 500,000
<br />Unused 5% Overlevy 12,985 11,219 5,131 6,287 4,164
<br />Scheduled Purchases
<br />Public Services ($257,000) ($345,000) ($365,000) ($214,000) ($238,000)
<br />Police (76,500) (102,000) (102,000) (78,000) (78,000)
<br />Fire (87,000) (87,000) (87,000) (87,000) (87,000)
<br />Other Equipment (Engineering, Inspect) - - -
<br />Sale of Used Vehicles (Salvage) 12,000 16,000 16,000 12,000 12,000
<br />Interest Income @ 1% 990 32 54 948 2,089
<br />Balance 12/31 100,027 3,279 5,463 95,698 210,950
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