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If Refinanced Debt to reduce annual payment to $1.10M Extends final date tV <br />2009 2010 2011 2012 <br />General Fund $ 8,092,034 $ 7,194,194 $ 6,992,127 $ 6,997,150 <br />EDA $ 291,705 $ 291,705 $ 291,705 $ 169,853 <br />Debt Service: <br />Fire Station #1 $ 152,024 $ 153,925 $ 150,121 $ 151,386 <br />Capital Equip Cert $ 490,613 $ 405,891 $ 186,441 $ 185,194 <br />Muni Center Debt $ 449,362 $ 496,615 $ 508,215 $ 910,215 <br />** Muni debt 12/31 refinanced sz $ - $ $ - <br />Total Levy $ 9,475,738 $ 8,542,330 $ 8,128,609 $ 8,413,798 <br />** Based on Interest Rates 2-7-12 <br />*Assumes Holding Levy Constant With 2012 Levy <br />Reduction in General Fund Levy <br />(Net Reduction from 2012 General Fund Levy) <br />Refinancing Muni Debt in 2012: Savings on 2012 Debt Paymer <br />TIF Districts Coming Back on Line Estimated: <br />TIF 10 <br />TIF 2 <br />TIF 4 <br />Net TIF Funding <br />Net Income (reduction) Needed to hold levy constant <br />at 2012 Rates <br />2013 Budget Additions: (Based on 2012 Budget Numbers) <br />Wage Increases (0% COLA) <br />Step Increases <br />Non -Election Year <br />Health Insurance - 5% Increase <br />Assoc Plann/Envir Coor Funded from Landfill Tip <br />Inflationary on Contracted Services, Gas Electric <br />($768,000 x .05) 5% annual inflation <br />Anoka County System Admin - Katers removed <br />Total Budget Revenue (Additional Cuts) needed <br />Possible Budget Reductions or Revenue: (Based on 2012 Budge <br />Add'I Staff Hours for Code Enforcement Activities <br />Reclass of Public Works Position <br />Parks Seasonal Workers adjusted to 2011 Levels <br />Police Department Title Change - Adjust to Captain <br />