Laserfiche WebLink
9/8/2022 <br />4 <br />PATH TO THE 2023 TAX LEVY <br />Cost of Services Less Operational Revenues Leaves a Funding Gap, Which Equals Levy Need <br />Cost of City Services: <br />$8,970,976 <br />Police, Fire, Public <br />Works, Parks, <br />Emergency <br />Management, Finance <br />Administration and <br />HRAOperating FundsCity Revenues <br />Generated: <br />$3,281,931 <br />Licenses and Permits <br />Intergovernmental <br />Aids, Charges for <br />Services, Fines, <br />Reimbursements and <br />Transfers <br />Gap: <br />$5,689,044 <br />Levy Amount <br />$5,689,044 <br />PATH TO THE 2023 TAX LEVY <br />Replacement Costs Less Generated Revenues Leaves a Funding Gap, Which Equals Levy Need <br />Capital Improvement* Annual needs range from  <br />$350,000 ‐$950,000 based  <br />on timing of replacement.  <br />Buildings Maintenance & <br />Equipment Replacement: <br />$350,000 - <br />$950,000* <br />City Buildings, Fleet, <br />Snow Plows, Fire Engines, <br />Equipment, Technology, <br />Parks and City <br />Infrastructure <br />City Revenues <br />Generated: <br />$230,500 <br />Transfers, <br />Equipment Sales, <br />Park Dedication <br />Fees, Grants, Fees <br />Gap: <br />$511,200* <br />Levy Amount <br />$511,200 <br />* Gap determined by  <br />monitoring fund  <br />balance annually to  <br />maintain a 15 year  <br />replacement plan.