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If Refinanced Debt to reduce annual payment to $1.16M Extends final date to 12/2031
<br />2013 Budget Additions:
<br />Wage Increases (0% COLA)
<br />Health Insurance - 5% Increase
<br />Inflationary on Contracted Services, Gas Electric
<br />($768,000 x .05)
<br />Anoka County System Admin - Katers removed
<br />Total Budget Revenue (Additional Cuts) needed
<br />$ (32,000)
<br />$ (38,500)
<br />$ (25,000)
<br />$ 202,859
<br />2009
<br />2010
<br />2011
<br />2012
<br />2013*
<br />2014*
<br />2015*
<br />2016*
<br />General Fund
<br />_
<br />' $ 8,092,034
<br />$ 7,194,194
<br />$ 6,992,127
<br />$ 6,997,150
<br />$ 6,898,053
<br />$ 6,901,132
<br />$ 6,901,103
<br />$ 6,902,649
<br />EDA
<br />$ 291,705
<br />$ 291,705
<br />$ 291,705
<br />$ 169,853
<br />$ 169,853
<br />$ 169,853
<br />$ 169,853
<br />$ • 169,853
<br />Debt Service:
<br />Fire Station #1
<br />$ 152,024
<br />$ 153,925
<br />$ 150,121
<br />$ 151,386
<br />$ 152,289
<br />$ 147,630
<br />.$ 147,630
<br />$ 147,630
<br />Debt Completed
<br />Capital Equip Cert
<br />$ 490,613
<br />$ 405,891
<br />$ 186,441
<br />$ 185,194
<br />$ -
<br />$ -
<br />$ -
<br />$ --
<br />Debt Completed
<br />Muni Center Debt
<br />$ 449,362
<br />$ 496,615
<br />$ 5
<br />$ 910,215
<br />$ 1,511,815
<br />$ 1,515,140
<br />$ 1,508,803
<br />$ 1,511,190
<br />Debt Completed 2027
<br />Muni debt 12/31 refi
<br />$ -
<br />$ -
<br />$ -
<br />$ -
<br />$ (318,212)
<br />$ (319,957)
<br />$ (313,591)
<br />$ (317,524)
<br />Debt Completed 2031
<br />Total Levy
<br />$ 9,475,738
<br />$ 8,542,330
<br />$ 8,128,609
<br />$ 8,413,798
<br />$ 8,413,798
<br />$ 8,413,798
<br />$ 8,413,798
<br />$ 8,413,798
<br />-
<br />*Assumes Holding Levy Constant With 2012 Levy
<br />Reduction in General Fund Levy
<br />$ (99,097)
<br />$ (96,018)
<br />$ (96,047)
<br />$ (94,501)
<br />(Net Reduction from 2012 General Fund Levy)
<br />. .
<br />Refinancing in 2012: Savings on 2012 Debt Payment
<br />$ 332,586
<br />T1F Districts Coming Back on Line Estimated:
<br />TIF 10
<br />$ 64,870
<br />$ 64,870
<br />$ 64,870
<br />$ 64,870
<br />•
<br />TIF 2
<br />$ 547,662
<br />$ 547,662
<br />$ 547,662
<br />TIF 4
<br />$ 153,244
<br />$ 153,244
<br />$ 153,244
<br />Net TIF Funding R
<br />$ 64,870
<br />$. 765,776
<br />$ 765,776
<br />$ 765,776
<br />.
<br />Net reduction Needed to hold Ievy constant
<br />.
<br />at 2012 Rates
<br />$ 298,359
<br />$ 669,758
<br />$ 669,729
<br />$ 671,275
<br />If Refinanced Debt to reduce annual payment to $1.16M Extends final date to 12/2031
<br />2013 Budget Additions:
<br />Wage Increases (0% COLA)
<br />Health Insurance - 5% Increase
<br />Inflationary on Contracted Services, Gas Electric
<br />($768,000 x .05)
<br />Anoka County System Admin - Katers removed
<br />Total Budget Revenue (Additional Cuts) needed
<br />$ (32,000)
<br />$ (38,500)
<br />$ (25,000)
<br />$ 202,859
<br />
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