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CITY OF LINO LAKES
<br />2016 General Fund Budget/Gap Analysis
<br />Net Tax Capacity Calculation
<br />Taxable Market Value
<br />Annual % Change
<br />Total Net Tax Capacity Value
<br />Less FD Contribution in Value
<br />Less Captured Value for Tax Increment
<br />Total Net Tax Capacity Value
<br />Annual % Change
<br />Total Levy
<br />Less FD Distribution
<br />Total Net Levy for Tax Rate
<br />Annual % Change
<br />Actual
<br />2014
<br />1,509,921,169
<br />(0.65%)
<br />16,439,245
<br />1,063,999
<br />232,280
<br />Adopted
<br />2015
<br />1,696,252,813
<br />12.34%
<br />18,354,891
<br />1,072,916
<br />236,506
<br />9/14/2015 CWS
<br />Estimate
<br />2016
<br />Proposed
<br />2016
<br />11/23/2015 CWS
<br />2016
<br />1, 702, 582, 387
<br />0.37%
<br />18,474,127
<br />1,115, 824
<br />251,026
<br />1,702,582,387
<br />0.00%
<br />18,474,127
<br />1,115, 824
<br />251,026
<br />1,702,582,387
<br />0.00%
<br />18,474,127
<br />1,115, 824
<br />251,026
<br />15,142,966
<br />(0.12%)
<br />17, 045,469 17,107, 277
<br />12.56%
<br />Net Tax Capacity Rate Calculation
<br />2014
<br />8,296,044
<br />1,226,988
<br />2015
<br />8,686,072
<br />1,232,171
<br />0.36%
<br />2016
<br />10,007,866
<br />1,206,188
<br />17,107,277
<br />0.36%
<br />2016
<br />9,058,428
<br />1,206,188
<br />17,107,277
<br />0.36%
<br />2016
<br />9,058,428
<br />1,206,188
<br />7,069,056
<br />(0.32%)
<br />7,453,901
<br />5.44%
<br />Projected City Tax Capacity Rate 46.682% 43.730%
<br />8,801,678
<br />18.08%
<br />51.450%
<br />7,852,240
<br />5.34%
<br />45.900%
<br />7,852,240
<br />(10.79%)
<br />45.900Y
<br />Use of Fund Reserves
<br />Transfer from Closed Bond Fund
<br />323,000
<br />62,152
<br />Salary/Benefit Adj
<br />Parks - Capital Outlay
<br />Office Equipment Replacement
<br />Contingency
<br />Muni Attorney
<br />Use of Reserves
<br />Lease Revenue
<br />323,000
<br />1,011,590
<br />(83, 772)
<br />(75, 000)
<br />(25, 000)
<br />(50, 000)
<br />(10, 000)
<br />(100, 000)
<br />(8,900)
<br />658,918
<br />423,000
<br />658,918
<br />11/19/2015
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