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Fiscal Year 2023
<br />SOURCES 2022
<br />Est. Actual
<br />2022 2023 2024 2025 2026 2027 2028-2033 2034-2039
<br />Bond Proceeds 2,390,000$ 2,385,000$ -$ 2,637,900$ 2,412,260$ -$ 2,493,630$ 15,076,110$ 9,373,000$
<br />Road Improvement Levy (1)1,985,860 1,985,860 1,989,110 2,168,319 2,029,592 2,107,469 1,990,398 12,225,563 7,803,161
<br />Prepaid Assessments 188,950 151,160 37,790 303,722 215,748 - 169,861 1,272,728 922,636
<br />Annual Assessment collections (2)195,000 195,000 185,250 194,513 204,238 194,026 203,728 839,347 434,600
<br />MSA Funds - - - - - - - - -
<br />Grant Funding - - - - - - - - -
<br />Debt Levy Reduction Funding 341,989 341,989 358,258 4,896 143,521 147,510 141,010 570,112 580,105
<br />Infrastructure levy 65,000 65,000 70,000 75,000 80,000 90,000 95,000 100,000 105,000
<br />Stromwater / Water & Sewer Capital Funds 47,989 47,989 - - - - - - -
<br />Miscellaneous - - - - - - - - -
<br />TOTAL 5,214,788$ 5,171,998$ 2,640,408$ 5,384,350$ 5,085,359$ 2,539,006$ 5,093,627$ 30,083,860$ 19,218,502$
<br />USES
<br />Streets/Utilities Reconstruction 2,014,816$ 1,966,827$ 393,365$ 2,291,799$ 2,618,345$ 511,349$ 2,056,625$ 15,354,306 10,823,987
<br />Sealcoating / Reclimite - - 35,000 40,000 45,000 - 55,000 225,000 275,000
<br />Sidewalks/Street Lights - - - - - - - 492,239 1,723,111
<br />Road Improvement debt 2,327,849 2,327,849 2,347,368 2,173,215 2,173,113 2,254,979 2,131,408 12,795,675 8,383,266
<br />Issuance costs 71,700 78,957 - 85,732 78,398 - 81,043 489,974 304,623
<br />Miscellaneous - - - - - - - - -
<br />TOTAL 4,414,365$ 4,373,633$ 2,775,733$ 4,590,747$ 4,914,856$ 2,766,328$ 4,324,076$ 29,357,194$ 21,509,987$
<br />NET CHANGE 800,423$ 798,365$ (135,325)$ 793,603$ 170,503$ (227,323)$ 769,551$ 726,666$ (2,291,485)$
<br />BEGINNING ACTIVITY 2,010,909 2,811,331 3,609,696 3,474,371 4,267,974 4,438,477 4,211,155 4,211,155 4,937,821
<br />CUMULATIVE ACTIVITY 2,811,331$ 3,609,696$ 3,474,371$ 4,267,974$ 4,438,477$ 4,211,155$ 4,980,705$ 4,937,821$ 2,646,336$
<br />(1) PER 2023 DEBT LEVY PROGRAM SEE EXHIBIT C
<br />(2) Estimate based on 5 yr. average collections, adjusted for inflation
<br />STREETS IMPROVEMENT PLAN 2023 - 2039
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