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12/5/2024 <br />3 <br />PATH TO THE 2025 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 ‐$1,000,000  <br />based on timing of  <br />replacement.  <br />Buildings Maintenance & <br />Equipment Replacement: <br />$350,000 - <br />$1,000,000* <br />City Buildings, Fleet, <br />Snow Plows, Fire Engines, <br />Equipment, Technology, <br />Park Shelters <br />City Revenues <br />Generated: <br />$265,500 <br />Transfers, <br />Equipment Sales, <br />Park Dedication <br />Fees, Grants, Fees <br />Gap: <br />$573,700* <br />Levy Amount <br />$573,700 <br />* Gap determined by  <br />monitoring fund  <br />balance annually to  <br />maintain a 15 year  <br />replacement plan.  <br />PATH TO THE 2025 TAX LEVY <br />Debt Payments Less Debt Reduction Resources Leaves a Funding Gap, Which Equals Levy Need <br />Debt/Infrastructure LevyLevy Amount <br />$2,562,181 <br />Gap: <br />$2,562,181 <br />2024 Debt Service <br />Obligations & Street <br />cost funding: <br />$3,257,030 <br />Street and Utilities <br />Reconstruction, Parks <br />and City Facilities <br />Debt Levy <br />Reduction Program <br />Resources: <br />$694,849 <br />Municipal State <br />Aid, Excess Bond <br />Funds, Project <br />Savings, <br />Stormwater Fees Total Levy <br />Amount <br />$9,682,183 <br />46