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<br />CITY OF LINO LAKES
<br />2008 -2012 Financial Plan
<br />Capital Equipment Replacement Financing Schedule
<br />Police, Fire, Public Works & Parks
<br />2008 2009 2010 2011 2012
<br />2003 Certificate
<br />2004 Certificate
<br />2005 Certificate 40,404
<br />2006 Certificate 120,372 120,120
<br />2007 Certificate 65,380 62,370 60,060
<br />2008 Certificate 82,975 81,732 80,808
<br />2009 Certificate 52,063 50,820 43,680
<br />Debt Levy
<br />Equip Levy
<br />Total Levy
<br />Annual Change in Levy
<br />New Certificates Issued
<br />226,156 265,465 193,855 131,628 43,680
<br />291,000 400,000 450,000 515,000 525,000
<br />517,156 665,465 643,855 646,628 568,680
<br />(49,898) 148,309 (21,610) 2,774 (77,948)
<br />209,000 125,000
<br />Equipment Replacement Fund
<br />2008 2009 2010 2011 2012
<br />Balance 1/1 78,122 107,006 127,242 101,372 284,065
<br />Certificates /Levy 500,000 525,000 450,000 515,000 525,000
<br />Unused 5% Overlevy 10,769 12,641 9,231 6,268 2,080
<br />Scheduled Purchases
<br />Public Services ($329,000) ($318,800) ($329,000) ($184,500) ($292,000)
<br />Police (75,000) (125,000) (102,000) (76,500) (130,000)
<br />Fire (69,000) (69,500) (70,000) (70,500) (71,000)
<br />Other Equipment (Engineering, Inspect) (25,000) (25,000) (30,000) -
<br />Sale of Used Vehicles (Salvage) 12,000 16,000 12,000 12,000 12,000
<br />Interest Income @ 4% 4,116 4,894 3,899 10,926 13,206
<br />Balance 12/31
<br />107,006 127,242 101,372 284,065 343,351
<br />CI -23
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