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Path to the 2025 Tax Levy
<br />
<br />
<br />
<br />
<br />
<br />
<br />Cost of
<br />Services:
<br />$10,426,440
<br />Police, Fire, Public Works,
<br />Parks, Emergency Mgmt,
<br />Finance, Administration,
<br />HRA
<br />City Revenues
<br />Generated:
<br />$3,820,082
<br />Licenses and Permits
<br />Intergovernmental Aids
<br />Charges for Services,
<br />Fines, Reimbursements
<br />and Transfers
<br />Gap:
<br />
<br />$6,606,358
<br />Levy Amount
<br />
<br />$6,606,358
<br />
<br />Buildings Maintenance &
<br />Equipment Replacement:
<br />$350,000 - $1,000,000*
<br />City Buildings, Fleet, Snow
<br />Plows, Fire Engines,
<br />Equipment, Technology, Park
<br />Shelters
<br />City Revenues
<br />Generated:
<br />$265,500
<br />Transfers, Equipment
<br />Sales, Park Dedication
<br />Fees, Grants, Fees
<br />Gap:
<br />
<br /> $573,700*
<br />Levy Amount
<br />
<br />$573,700
<br />
<br />Debt Service Obligations
<br />& Street costs:
<br />$3,257,030
<br />Street and Utilities
<br />Reconstruction, Parks
<br />and City Facilities
<br />Debt Levy Reduction
<br />Program Resources:
<br />$694,849
<br />Municipal State Aid,
<br />Excess Bond Funds,
<br />Project Savings,
<br />Stormwater Fees
<br />Gap:
<br />
<br />$2,562,181
<br />Levy Amount
<br />
<br />$2,562,181
<br />
<br />Total Levy
<br />Amount
<br />$9,742,239
<br />Cost of Services Less Operational Revenues Leaves a Funding Gap, which Equals Levy Need
<br />Replacement Costs Less Generated Revenues Leaves Funding Gap, which Equals Levy Need
<br />Debt Payments and Infrastructure Costs Less Debt Reduction Resources Leaves a Funding
<br />Gap, Which Equals Levy Operating Funds Capital Improvement Debt/Infrastructure * Annual needs range from
<br />$350,000 ‐ $1,000,000 based
<br />on timing of replacement.
<br />* Gap determined by
<br />monitoring fund balance
<br />annually to maintain 15‐
<br />year replacement plan.
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