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09-02-14 Council Packet
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09-02-14 Council Packet
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10/14/2014 2:18:42 PM
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9/3/2014 1:46:06 PM
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City Council
Council Document Type
Council Packet
Meeting Date
09/02/2014
Council Meeting Type
Work Session Regular
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CITY OF L UNO LAKES <br />2015 General Fund Budqet/Gap Analysis <br />Net Tax Capacity Calculation <br />Taxable Market Vaue <br />Annual % Change <br />Actual <br />2013 <br />Actual Estimate <br />2014 2015 <br />1.519.857.243 <br />(7.35%) <br />1.509.821.169 <br />1.696,252.813 <br />12.34% <br />Total Net Tax Capacity Value 16.601.721 16.438.245 18.362,453 <br />Less FD Contribution in Value 1.205.912 1.083.390 1.072'911 <br />Less Captured Value forTax Increment 234,159 232.280 225.467 <br />Total NetTax Capacity Value 15.161,650 15,142,966 17,064'075 <br />Annual % Change (7.9696) (0.1296) 12.6996 <br />Total Levy <br />Less FD Dstribution <br />Total Net Levy for Tax Rate <br />Annual % Change <br />Net Tax Capacity Rate Calculation <br />2013 2014 2015 <br />8,215,628 8,296,044 9,187,709 <br />1,124,143 <br />1,226,988 1,232,171 <br />7,091,485 7,069,056 7,955,538 <br />TAX CAPACITY RATE GAP <br />Levy Required for Estimated 2015 <br />2015 levy at 2014 rate of 46.682% <br />Adiustrinent Needed_to Maintain 2014 Tax, ate <br />9,187,709 <br />9,198,041 <br />
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