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<br />
<br />
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<br />
<br />
<br />Path to the 2021 Tax Levy
<br />
<br />Cost of City Services:
<br />$7,816,147
<br />Police, Fire, Public
<br />Works, Parks,
<br />Emergency Mgmt,
<br />Finance,
<br />Administration, HRA
<br />City Revenues Generated:
<br />$2,863,933
<br />Licenses and Permits
<br />Intergovernmental Aids
<br />Charges for Services,
<br />Fines, Reimbursements
<br />and Transfers
<br />Gap:
<br />$4,952,214
<br />Levy Amount
<br />$4,952,214
<br />
<br />Buildings Maintenance &
<br />Equipment Replacement:
<br />$200,000 - $850,000*
<br />City Buildings, Fleet, Snow
<br />Plows, Fire Engines,
<br />Equipment, Technology,
<br />Park Shelters
<br />
<br />City Revenues Generated:
<br />$220,500
<br />Transfers, Equipment
<br />Sales, Park Dedication
<br />Fees, Grants, Fees
<br />
<br />Gap:
<br /> $426,200*
<br />
<br />Levy Amount
<br />$426,200
<br />
<br />2021 Debt Service
<br />Obligations:
<br />$3,023,856
<br />Street and Utility
<br />Reconstruction, Flood
<br />Mitigation, Parks and
<br />City Facilities
<br />R i
<br />Debt Levy Reduction
<br />Program Resources:
<br />$536,675
<br />Municipal State Aid,
<br />Excess Bond Funds,
<br />Project Savings,
<br />Stormwater Fees
<br />
<br />
<br />Gap:
<br />$2,487,181
<br />
<br />Levy Amount
<br />$2,487,181
<br />
<br />Total Levy
<br />Amount
<br />$7,865,595
<br />Cost of Services Less Operational Revenues Leaves a Funding Gap, Which Equals Levy
<br />
<br />
<br />Replacement Costs Less Generated Revenues Leaves a Funding Gap, Which Equals Levy
<br />
<br />
<br />Debt Payments Less Debt Reduction Resources Leaves a Funding Gap, Which Equals Levy
<br />Nd
<br /> Operating Funds Capital Improvement Debt Levy * Annual needs range from
<br />$200,000 - $850,000 based
<br />on timing of replacement.
<br />
<br />* Gap determined by
<br />monitoring fund balance
<br />annually to maintain 15-
<br />year replacement plan.
<br />
<br />20
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