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2005 Final Levy-38.182
<br />
<br />Tax Capacity Calculation-Estimated
<br />
<br />Based on a proposed 2006 budget of $10,479,527
<br />
<br />Proposing No Interfund Transfers - General Fund Levy increase of 15.27%
<br /> - General Fund Budget increase of 19%
<br /> - Bond (debt service) levy increase of 183.91%
<br />
<br />Cedified Fiscal Disp Local Levy Taxable Value Tax Capacity
<br />
<br />General $ 6,137,771.00 $ 600,000.00 $ 5,537,771.00
<br />Lost MVHC $ 173,930.00 $ 17,002.70 $ 156,927.30
<br />EDA $ 341,624.00 $ 33,395.80 $ 308,228.20
<br />Bonds $ 1,325,813.00 $ 129,606.18 $ 1,196,206.82
<br />
<br />$ 7,979,138.00 $ 780,004.68 $ 7,199,133.32
<br />
<br />$ 16,005,420.16
<br />$ 16,005,420.16
<br />$ 16,005,420.16
<br />$ 16,005,420.16
<br />
<br />$ 0.3460
<br />$ 0.0098
<br />$ 0.0193
<br />$ 0.O747
<br />
<br />44.9793%
<br />
<br />Proposing a Landfill Trust Fund Transfer of $837,823
<br /> Landfill Trust Fund:
<br /> 1. Balance of $3,928,920
<br /> 2. Fund Balance maintained at $2,750,000 which allows $1,178,920 in transfers
<br /> 3. Allows transfers to other funds to offset or avoid future debt
<br />
<br />- General Fund Levy increase of 15.27%
<br />- General Fund Budget increase of 19.0%
<br />- Bond (debt service) levy increase of 4.5%
<br />
<br />Certified Fiscal Disp Local Levy Taxable Value Tax Capacity
<br />
<br />General $ 6,137,771.00 $ 600,000.00 $ 5,537,771.00 $ 16,005,420.16
<br />Lost MVHC $ 173,930.00 $ 17,002.70 $ 156,927.30 $ 16,005,420.16
<br />EDA $ 341,624.00 $ 33,395.80 $ 308,228.20 $ 16,005,420.16
<br />Bonds $ 487,990.00 $ 47,703.95 $ 440,286.05 $ 16,005,420.16
<br />
<br />$ 7,141,315.00 $ 698,102.45 $ 6,443,212.55
<br />
<br />$ 0.3460
<br />$ 0.0098
<br />$ 0.0193
<br />$ 0.0275
<br />
<br />40.2664%
<br />
<br />C;. To have a balanced budget at $10,479,527 and a tax capacity rate of 40.2564%
<br /> will need to cut $0 from proposed budget of 8/9/05
<br />
<br />
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