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Agenda - Council Work Session - 09/08/2020
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Agenda - Council Work Session - 09/08/2020
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3/17/2025 2:06:47 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
09/08/2020
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DEBT REDUCTIONS: <br /> PW CAMPUS DEBT <br /> Reduced with CARES Funds Fund Balance($1.312M) <br /> (Best guess estimate of fund bal at this time) $ (33,060) <br /> Interest Savings Fund $2M of PW Debt with Sewer Internal Loan $ (40,099) <br /> Fire Station Debt <br /> Reduced with Debt funds from Closed bond fund 9351 <br /> (closed year end 2019) $ (93,000) <br /> TOTAL DEBT REDUCTIONS: $ (166,159) <br /> GRAND TOTAL LEVY REDUCTIONS $ (367,523) <br /> NET EFFECT ON LEVY: <br /> 2020 Adopted Levy: $ 12,509,232 <br /> 2021 Requested: 7-14-20 $ 13,501,199 <br /> Levy I ncrease $ 9911967 7.93% <br /> 2020 Adopted Levy $ 12/509/232 <br /> 8-25-20 Worksession $ 13,225,289 <br /> Levy I ncrease $ 7161057 5.72% <br /> 2020 Adopted Levy $ 12/509/232 <br /> 9-8-20 Worksession All Above $ 13,133,676 <br /> Levy I ncrease $ 624.8444 4.99% <br />
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