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Option #4
<br />Increase Fund Balance to 35%
<br />Add: $147,000 to General Fund Levy
<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 />Option #5
<br />Maintain Current Fund Balance Policy 30% - 35%
<br />Add: $25,000 to General Fund Levy for Salo Park
<br />Add: $30,000 to HRA Levy
<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 />Option #6
<br />Increase
<br />2007
<br />2008
<br />(Decrease)
<br />2,660,800.00
<br />2,968,900.00
<br />308,100.00
<br />11.58%
<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 />4,351,193.77
<br />227,661.99
<br />5.52%
<br />Maintain Current Fund Balance Policy 30% - 35%
<br />Add: $25,000 to General Fund Levy for Salo Park
<br />Add: $30,000 to HRA Levy
<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 />Option #6
<br />Increase Fund Balance to 35%
<br />Add: $147,000 to General Fund Levy
<br />Add: $25,000 to General Fund Levy for Salo Park
<br />Add: $30,000 to HRA Levy
<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 />85,500.00
<br />30,000.00
<br />54.05%
<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 />4,234,193.77
<br />110,661.99
<br />2.68%
<br />Increase Fund Balance to 35%
<br />Add: $147,000 to General Fund Levy
<br />Add: $25,000 to General Fund Levy for Salo Park
<br />Add: $30,000 to HRA Levy
<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 />Truth in Taxation — Limit for Conducting a Hearing = $4,242,359.15
<br />(Last Years Levy, Less HRA Levy = $4,068,031.78 X 1.042853)
<br />HRA Maximum Levy = $120,635
<br />Increase
<br />2007
<br />2008
<br />(Decrease)
<br />2,660,800.00
<br />2,968,900.00
<br />308,100.00
<br />11.58%
<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 />85,500.00
<br />30,000.00
<br />54.05%
<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 />4,381,193.77
<br />257,661.99
<br />6.25%
<br />Truth in Taxation — Limit for Conducting a Hearing = $4,242,359.15
<br />(Last Years Levy, Less HRA Levy = $4,068,031.78 X 1.042853)
<br />HRA Maximum Levy = $120,635
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