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CC PACKET 09082020
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CC PACKET 09082020
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9/3/2020 8:33:06 AM
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9/3/2020 8:21:49 AM
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PATH TO THE 2021 TAX LEVY <br />Cost of Services Less Operational Revenues Leaves a Funding Gap, Which Equals Levy Need <br />Cost of City Services: <br />$7,880,250 <br />Police, Fire, Public <br />Works, Parks, <br />Emergency <br />Management, Finance <br />Administration and <br />HRAOperating FundsCity Revenues <br />Generated: <br />$2,928,036 <br />Licenses and Permits <br />Intergovernmental <br />Aids, Charges for <br />Services, Fines, <br />Reimbursements and <br />Transfers <br />Gap: <br />$4,952,214 <br />Levy Amount <br />$4,952,214 <br />PATH TO THE 2021 TAX LEVY <br />Replacement Costs Less Generated Revenues Leaves a Funding Gap, Which Equals Levy Need <br />Capital Improvement* Annual needs range from <br />$200,000 ‐$850,000 based <br />on timing of replacement. <br />Buildings Maintenance & <br />Equipment Replacement: <br />$200,000 - <br />$850,000* <br />City Buildings, Fleet, <br />Snow Plows, Fire Engines, <br />Equipment, Technology, <br />Park Shelters and City <br />Infrastructure <br />City Revenues <br />Generated: <br />$220,500 <br />Transfers, <br />Equipment Sales, <br />Park Dedication <br />Fees, Grants, Fees <br />Gap: <br />$426,200* <br />Levy Amount <br />$426,200 <br />* Gap determined by <br />monitoring fund <br />balance annually to <br />maintain a 15 year <br />replacement plan. <br />21
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