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if Refinanced Debt to take advantage of interest rate savings 4.4% to 2.9% (Final date of 2027 remains)
<br />General Fund
<br />EDA
<br />Debt Service:
<br />Fire Station #1
<br />Capital Equip Cert
<br />Muni Center Debt
<br />Muni debt 12/31 refi
<br />Total Levy
<br />2009
<br />$ 8,092,034
<br />$ 291,705
<br />S
<br />S
<br />S
<br />S
<br />152,024
<br />490,613
<br />449,362
<br />$ 9,475,738
<br />2010
<br />$ 7,194,194
<br />$ 291,705
<br />S
<br />S
<br />5
<br />S
<br />153,925
<br />405,891
<br />496,615
<br />$ 8,542,330
<br />2011
<br />$ 6,992,127
<br />$ 291,705
<br />S
<br />S
<br />S
<br />150,121
<br />186,441
<br />508,215
<br />$ 8,128,609
<br />*Assumes Holding Levy Constant With 2012 Levy
<br />Reduction in General Fund Levy
<br />(Net Reduction from 2012 General Fund Levy)
<br />Refinancing in 2012: Savings on 2012 Debt Payment
<br />TIF Districts Coming Back on Line Estimated:
<br />TIF 10
<br />TIF 2
<br />TIF 4
<br />Net TIF Funding
<br />Net reduction Needed to hold levy constant
<br />at 2012 Rates
<br />2012
<br />$ 6,997,150
<br />$ 169,853
<br />-$
<br />151,386
<br />185,194
<br />910,215
<br />$ 8,413,798
<br />2013*
<br />$ 6,630,763
<br />$ 169,853
<br />152,289
<br />1,511,815
<br />(50,922)
<br />$ 8,413,798
<br />$ (366,387)
<br />$ 61,727
<br />$ 64,870
<br />$ 64,870
<br />$ (239,790)
<br />2014*
<br />S
<br />S
<br />S
<br />S
<br />6,631,992
<br />169,853
<br />147,630
<br />1,515,140
<br />(50,817)
<br />.$ 8,413,798
<br />(365,158)
<br />$ 64,870
<br />$ 547,662
<br />$ 153,244
<br />$ . 765,776
<br />$ 400,618
<br />2015*
<br />.$
<br />S
<br />S
<br />S
<br />6,640,831
<br />169,853
<br />147,630
<br />1,508,803
<br />(53,319)
<br />$ 8,413,798
<br />$ (356,319)
<br />$ 64,870
<br />$ 547,662
<br />$ 153,244
<br />$ 765,776
<br />409,457
<br />2016*
<br />S
<br />S
<br />S
<br />S
<br />S
<br />6,636,882
<br />169,853
<br />147,630
<br />1,511,190
<br />(51,757)
<br />$ 8,413,798
<br />(360,268)
<br />$ 64,870
<br />$ 547,662
<br />$ 153,244
<br />$ 765,776
<br />$ 405,508
<br />Debt Completed
<br />Debt Completed
<br />Debt Completed 2027
<br />Debt Completed 2031
<br />2013 Budget Additions:
<br />Wage Increases (0% COLA) $
<br />Health Insurance - 5% Increase $ (32,000)
<br />Inflationary on Contracted Services, Gas Electric
<br />($768,000 x .05) $ (38,500)
<br />Anoka County System Admin Katers removed $ (25,000)
<br />Total Budget Revenue (Additional Cuts) needed $ (335,290)
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