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Option #1
<br />Maintain Current Fund Balance Policy 30% — 35%
<br />Based on Proposed 2008 Operating Budget
<br />General Fund Levy
<br />Road Improvement Levy
<br />Certificate of Indebtedness
<br />Lease Revenue Bonds P/W - Fire
<br />HRA Levy
<br />Tax Abatement Levy — Central Park
<br />PERA Rate Increase
<br />Option #2
<br />Increase Fund Balance to 35%
<br />Adds: $147,000 to General Fund Levy
<br />General Fund Levy
<br />Road Improvement Levy
<br />Certificate of Indebtedness
<br />Lease Revenue Bonds P/W - Fire
<br />HRA Levy
<br />Tax Abatement Levy — Central Park
<br />PERA Rate Increase
<br />Option #3
<br />Increase
<br />2007
<br />2008
<br />Decrease
<br />2,660,800.00
<br />2,796,900.00
<br />136,100.00
<br />5.12%
<br />885,833.78
<br />1,022,136.77
<br />136,302.99
<br />15.39%
<br />91,500.00
<br />0.00
<br />(91,500.00)
<br />- 100.00%
<br />393,892.00
<br />394,417.00
<br />525.00
<br />0.13%
<br />55,500.00
<br />55,500.00
<br />0.00
<br />0.00%
<br />28,506.00
<br />27,740.00
<br />(766.00)
<br />-2.69%
<br />7.500.00
<br />7,500.00
<br />0.00
<br />0.00%
<br />4,123,531.78
<br />4,304,193.77
<br />180,661.99
<br />4.38%
<br />Increase Fund Balance to 35%
<br />Adds: $147,000 to General Fund Levy
<br />General Fund Levy
<br />Road Improvement Levy
<br />Certificate of Indebtedness
<br />Lease Revenue Bonds P/W - Fire
<br />HRA Levy
<br />Tax Abatement Levy — Central Park
<br />PERA Rate Increase
<br />Option #3
<br />Maintain Current Fund Balance Policy 30% — 35%
<br />Add: $25,000 to General Fund Levy for Salo Park
<br />Less: $125,000 from Road Levy
<br />General Fund Levy
<br />Road Improvement Levy
<br />Certificate of Indebtedness
<br />Lease Revenue Bonds P/W - Fire
<br />HRA Levy
<br />Tax Abatement Levy — Central Park
<br />PERA Rate Increase
<br />Increase
<br />2007
<br />2008
<br />(Decrease)
<br />2,660,800.00
<br />2,943,900.00
<br />283,100.00
<br />10.64%
<br />885, 833.78
<br />1,022,136.77
<br />136, 302.99
<br />15.39%
<br />91,500.00
<br />0.00
<br />(91,500.00)
<br />- 100.00%
<br />393,892.00
<br />394,417.00
<br />525.00
<br />0.13%
<br />55,500.00
<br />55,500.00
<br />0.00
<br />0.00%
<br />28,506.00
<br />27,740.00
<br />(766.00)
<br />-2.69%
<br />7.500.00
<br />7.500.00
<br />0.00
<br />0.00%
<br />4,123,531.78
<br />4,451,193.77
<br />327,661.99
<br />7.95%
<br />Maintain Current Fund Balance Policy 30% — 35%
<br />Add: $25,000 to General Fund Levy for Salo Park
<br />Less: $125,000 from Road Levy
<br />General Fund Levy
<br />Road Improvement Levy
<br />Certificate of Indebtedness
<br />Lease Revenue Bonds P/W - Fire
<br />HRA Levy
<br />Tax Abatement Levy — Central Park
<br />PERA Rate Increase
<br />Increase
<br />2007
<br />2008
<br />(Decrease)
<br />2,660,800.00
<br />2,821,900.00
<br />161,100.00
<br />6.05%
<br />885,833.78
<br />897,136.77
<br />11,302.99
<br />1.28%
<br />91,500.00
<br />0.00
<br />(91,500.00)
<br />- 100.00%
<br />393,892.00
<br />394,417.00
<br />525.00
<br />0.13%
<br />55,500.00
<br />55,500.00
<br />0.00
<br />0.00%
<br />28,506.00
<br />27,740.00
<br />(766.00)
<br />- 2.69%
<br />7.500.00
<br />7,500.00
<br />0.00
<br />0.00%
<br />4,123,531.78
<br />4,204,193.77
<br />80,661.99
<br />1.96%
<br />
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