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Agenda - Council Work Session - 08/11/2014
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Agenda - Council Work Session - 08/11/2014
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3/17/2025 4:25:37 PM
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8/13/2014 8:24:19 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
08/11/2014
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Budgeted Debt Comparisons <br />Years 2014-2019 <br />Based on Issuing $1,705,000 Capital Equipment Certificates for 2015-2017 <br />$1.7M for Roads Annually (2015-2018) & Issuing $4.035M for Fire #2 in 2016 <br />2014 Adopted <br />Fire Station #1 <br />2013 Capital Equipment Certificates <br />Municipal Center <br />Total Debt Levied <br />$ 147,630 <br />$ 75,135 <br />$ 1,018,063 <br />$ 1,240,828 <br />Ends 2016 <br />Ends 2023 <br />Ends 2031 <br />2015 Proposed <br />Fire Station #1 <br />2013 Capital Equipment Certificates <br />Municipal Center <br />2015-2017 Capital Equipment Certificates <br />Total Debt Levied <br />$ 147,630 <br />$ 74,820 <br />$ 1,048,213 <br />$ 199,316 EST. Ends 2024 <br />$ 1,469,979 <br />ADD'L Road Reconstruction funding <br />10-Year Debt at $1.7M (Assess 20%) <br />$ 154,307 <br />Total Debt with Road Funding Debt <br />$ 1,624,286 <br />2016 Proposed <br />Fire Station #1 $ 147,420 <br />2013 Capital Equipment Certificates $ 74,505 <br />Municipal Center $ 1,072,013 <br />2015-2017 Capital Equipment Certificates $ 199,316 <br />Fire Station #2 $ - <br />Total Debt Levied $ 1,493,254 <br />ADD'L Road Reconstruction funding (Assumes adding $1.7M debt each year) <br />10-Year Debt at $1.7M (Assess 20%)-2 year total of $3.4M $ 316,044 Funding for <br />Total Debt with Road Funding Debt <br />$ 1,809,298 <br />2017 Proposed <br />EST. Ends 2024 <br />Cap interest funds <br />Fire Station #1 $ <br />2013 Capital Equipment Certificates $ 73,875 <br />Municipal Center $ 1,098,813 <br />2015-2017 Capital Equipment Certificates $ 199,316 EST. Ends 2024 <br />Fire Station #2 $ 298,780 Ends 2035 <br />Total Debt Levied $ 1,670,784 <br />ADD'L Road Reconstruction funding (Assumes adding $1.7M debt each year) <br />10-Year Debt at $1.7M (Assess 20%)-3 Year total of $5.1M $ 471,762 <br />Total Debt with Road Funding Debt $ 2,142,546 <br />
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