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1989 Annual Budget Adopted
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1989 Annual Budget Adopted
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5/20/2014 3:24:35 PM
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1989 Annual Budget Adopted
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CERTIFICATE LEVY SCHEDULE <br />The following list reflects a schedule of general obligation <br />debt which will be levied over a 5 year period beginning in <br />1990. This debt will be levied to cover the 1989 Certificate <br />of Indebtedness payments. The schedule reflects total <br />principal of $300,000.00 interest on the debt, and 5% for <br />uncollectab1es. <br />DATE <br />1990 <br />1991 <br />1992 <br />1993 <br />1994 <br />PRINCIPAL <br />$ 60,000 <br />60,000 <br />60,000 <br />60,000 <br />60,000 <br />Total $ 300,000 <br />INTEREST <br />$ 22,950 <br />18,360 <br />13,770 <br />9,180 <br />4,590 <br />$ 68,850 <br />TOTAL <br />$ 82,950 $ <br />78,360 <br />73,770 <br />69,180 <br />64,590 <br />$ 368,850 <br />105% LEVY <br />87,097.50 <br />82,278.00 <br />77,458.50 <br />72,639.00 <br />67,819.50 <br />$ 387,292.50 <br />The following list reflects the equipment to be funded by the <br />Equipment Certificate. <br />POLICE DEPARTMENT <br />Police Squad $ 13,000.00 <br />FIRE DEPARTMENT <br />Capital Outlay 92,000.00 <br />PUBLIC WORKS <br />Loader with plow <br />Street Sweeper <br />Two -way Radios <br />80,000.00 <br />85,000.00 <br />2,800.00 <br />GOVERNMENT BUILDINGS <br />Blue Print Machine 1,800.00 <br />Fueling Station 8,000.00 <br />PARKS DEPARTMENT <br />Brush Chipper 11,000.00 <br />TOTAL $ 293,600.00 <br />
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