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10/08/13
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10/08/13
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7/7/2025 2:42:10 PM
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10/9/2013 12:35:28 PM
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Meetings
Meeting Document Type
Agenda
Document Title
Finance Committee
Document Date
10/08/2013
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• Capital Equipment: <br />(Funding is depleted by 2017 if Equipment Fund is used) <br />Totals 2014: $481,950 (Phone System, 3 Squads, Truck with Plow, Flail <br />Mower & Zero Turn Mower) <br />Totals 2015: $178,950 (3 Squads, Replace Taurus, Engr Vehicle, Mower) <br />Totals 2016: $679,650 (3 Squads, PD F-150, PD Impala, Bldg Vehicle, <br />Fire Rescue Tk, Case Loader, Snow Plow Tk, Mule) <br />Totals 2017: $669,170 (3 Squads, PD Taurus, Grass Truck, Sweeper, Plow <br />Tk, Tool Cat, Pickup Plow) <br />Totals 2018: $219,312 (3 Squads, Fire Chief Veh, Engr Veh) <br />ADDRESS CAPITAL EQUIPMENT ISSUE: <br />o Push out equipment purchases — use full life + <br />o Use of Capital Equipment Certificates: Partial/Full Amount <br />o Combination of Tax Levy & Equipment Fund to extend life of Equipment <br />Fund <br />Notables in 5-Year Budget: <br />Revenue: <br />Property Tax Increase of: <br />$778,057 from 2014 to 2015 <br />$741,734 from 2015 to 2016 <br />$529,440 from 2016 to 2017 <br />$463,537 from 2017 to 2018 <br />Local Government Aid (LGA)-Held constant at $90,000 <br />o State likes to take this funding back when budget deficits <br />Building Permits: 2010 Levels. Conservative at $230,000 <br />Transfers In Increase (Decrease) of: <br />($551,993) from 2014 to 2015 (TIF 4 Decertified & Decrease Capital) <br />$442,863 from 2015 to 2016 increase in capital funded via equip fund <br />($219,856) from 2016 to 2017 decrease in cap purchases fund via equip fund <br />($495,500) from 2017 to 2018-Capital Equipment funded 100% via prop tax <br />
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