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If Refinanced Debt to reduce annual payment to $1.10M Extends final date to 12/2031
<br />2013*2014*2015*2016*
<br />2009201020112012
<br />General Fund$ 8,092,034$ 7,194,194$ 6,992,127$ 6,997,150$ 7,037,320$ 7,019,619$ 6,998,386$ 6,978,357
<br />EDA$ 291,705$ 291,705$ 291,705$ 169,853$ 169,853$ 169,853$ 169,853$ 169,853
<br />Debt Service:
<br /> Fire Station #1$ 152,024$ 153,925$ 150,121$ 151,386$ 152,289$ 147,630$ 147,630$ 147,630Debt Completed
<br /> Capital Equip Cert$ 490,613$ 405,891$ 186,441$ 185,194$ -$ -$ -$ -Debt
<br />Completed
<br /> Muni Center Debt$ 449,362$ 496,615$ 508,215$ 910,215$ 1,511,815$ 1,515,140$ 1,508,803$ 1,511,190Debt Completed 2027
<br /> Muni debt 12/31 refi $ -$ -$ -$ -$ (457,479)$ (438,444)$ (410,874)$ (393,232)Debt
<br />Completed 2031
<br /> Total Levy$ 9,475,738$ 8,542,330$ 8,128,609$ 8,413,798$ 8,413,798$ 8,413,798$ 8,413,798$ 8,413,798
<br />*Assumes Holding Levy Constant With 2012 Levy
<br />Reduction in General Fund Levy $ 40,170 $ 22,469 $ 1,236$ (18,793)
<br /> (Net Reduction from 2012 General Fund Levy)
<br />Refinancing in 2012: Savings on 2012 Debt Payment$ 492,953
<br />TIF Districts Coming Back on Line Estimated:
<br /> TIF 10$ 64,870 $ 64,870 $ 64,870 $ 64,870
<br /> TIF 2$ 547,662$ 547,662$ 547,662
<br /> TIF 4$ 153,244$ 153,244$ 153,244
<br /> Net TIF Funding$ 64,870 $ 765,776$ 765,776$ 765,776
<br />Net Income (reduction) Needed to hold levy constant
<br /> at 2012 Rates$ 597,993$ 788,245$ 767,012$ 746,983
<br />2013 Budget Additions: (Based on 2012 Budget Numbers)
<br /> Wage Increases (0% COLA)$ -
<br /> Step Increases $ (33,400)$ (30,000)$ (30,000)$ (30,000)
<br /> Non-Election Year$ 25,000
<br /> Health Insurance - 5% Increase$ (32,000)$ (65,300)$ (107,435)$ (152,103)
<br /> Assoc Plann/Envir Coor Funded from Landfill Tip$ (25,000)$ (90,000)$ (90,000)
<br /> Inflationary on Contracted Services, Gas Electric
<br /> ($768,000 x .05) 5% annual inflation$ (38,500)$ (78,825)$ (121,056)$ (165,509)
<br /> Anoka County System Admin - Katers removed$ (25,000)$ (50,000)$ (50,000)$ (50,000)
<br /> Total Budget Revenue (Additional Cuts) needed$ 494,093$ 539,120$ 368,521$ 259,371
<br />Possible Budget Reductions or Revenue: (Based on 2012 Budget Numbers)
<br /> Add'l Code Enforcement from 2012 Budget$ 14,820
<br /> PW Position Reclass from 2012 Budget$ 11,548
<br /> Park N Ride Transfer Complete$ 10,868 $ 10,868 $ 10,868 $ 10,868
<br /> Alpine Park Tower Lease$ 18,000 $ 18,000 $ 18,000 $ 18,000
<br /> Decrease ParksSeasonal Labor to 2011 Levels$ 10,885
<br /> Title Change to Captain in PD$ 4,323
<br /> HR intern$ 6,507
<br /> Engineering Intern$ 7,485
<br /> Planning Consultant Prof Services Reduction$ 10,000
<br /> Contracted Building Official$ 20,000
<br /> Park Budget-Trail Overlay$ 15,000
<br /> Engineering Revenue from Projects$ 236,000
<br /> Use of Park Fund for Park Maintenance$ 36,507 $ 36,507 $ 36,507 $ -
<br /> Employee Buyouts/Early Separation$ 100,000
<br /> Reduce HRA Levy$ 70,000 $ 70,000 $ 70,000 $ 70,000
<br /> Newsletter-4 printed; 2 u/b inserts$ 10,000 $ 10,000 $ 10,000 $ 10,000
<br /> Total Misc Reductions$ 581,943$ 145,375$ 145,375$ 108,868
<br />Possible Staffing Reductions: (Based on 2012 Budget Numbers)
<br /> Secretary (Fire Department)$ 62,376 $ 62,376 $ 62,376 $ 62,376
<br /> Crime Prevention Officer (PD)$ 71,288 $ 71,288 $ 71,288 $ 71,288
<br /> Reduce Acct. Clerk to 3/4 time (Finance)$ 19,960 $ 19,960 $ 19,960 $ 19,960
<br /> ED/Marketing Manager (Admin)$ 73,797 $ 73,797 $ 73,797 $ 73,797
<br /> IT Intern (Admin)$ 12,756 $ 12,756 $ 12,756 $ 12,756
<br /> Receptionist (FT) (Admin)$ 56,587 $ 56,587 $ 56,587 $ 56,587
<br /> Total Current Staffing Reductions$ 296,764$ 296,764$ 296,764$ 296,764
<br />Excess Revenue Over 2012 Target Budget:$ 1,372,800$ 981,259$ 810,660$ 665,003
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