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WITH ADD'L $110,000 CUT
<br />Tax Capacity Calculation-Estimated
<br />Based on a proposed 2007 budget of $10,514,794
<br />To have a balanced budget at $10,514,794 and a tax capacity rate of 39.4375%
<br />will need to cut $1,281,170 from proposed budget of 813/06
<br />Represents a cut of all new personnel with exception of 1 patrol, 1st maint worker (utility fund paid), Asst City Engr,
<br />1/2 time Police Records Tech, and 1 Mgmt intern
<br />Difference from Proposed Levy of 9-11-06
<br />1. Uses muni center debt interest of $330,208
<br />2. Eliminates Comm Specialist, Executive Secretary, Crime Prevention intern, CD Tech
<br />3. Adds Admin Severance $55,000
<br />4. Adds back part time secretary $28,997
<br />A. Proposing No Interfund Transfers
<br />- Total Levy increase of 20.03%
<br />- General Fund Levy increase of 13.36%
<br />- General Fund Budget increase of 3.46% {tn comparison to adopted 2006 General Fund Budget)
<br />- Bond (debt service) levy increase of 81.32% (due to interfund transfer of $635,000 in 2006 for muni center debt)
<br />2007 Proposed Levy
<br />Certified
<br />General $ 6,884,480.00
<br />EDA $ 393,375.00
<br />775,000 ClBonds $ 1,247,126.00
<br />$ 8,524,981.00
<br />2006 Adopted Levy
<br /> Certified
<br />General $ 5,898,744.00
<br />Lost MVHC $ 173,930.00
<br />EDA $ 341,624.00
<br />Bonds $ 687,768.00
<br /> $ 7,102,066.00
<br />Difference from 2006 to 2007
<br />Fiscal Disp
<br />$ 812,369.00
<br />$ 50,711.00
<br />$ 100,726.00
<br />$ 963,806.00
<br />Fiscal Disp
<br />$ 659,000.00
<br />$ 19,461.00
<br />$ 38,224.00
<br />$ 76,953.00
<br />$ 793,638.00
<br />Local Levy
<br />$ 6,072,111.00
<br />$ 342,664.00
<br />$ 1,146,400.00
<br />$ 7,561,175.00
<br />Local Levy
<br />$ 5,239,744.00
<br />$ 154,469.00
<br />$ 303,400.00
<br />$ 610,815.00
<br />$ 6,308,428.00
<br />Taxable Value
<br />$ 19,172,542.00
<br />$ 19,172,542.00
<br />$ 19,172,542.00
<br />Taxable Value
<br />$ 16,029,397.00
<br />$ 16,029,397.00
<br />$ 16,029,397.00
<br />$ 16,029,397.00
<br />Tax Capacity
<br />$ 0.3167
<br />$ 0.0179
<br />$ 0.0598
<br />39.4375%
<br />Tax Capacity
<br />$ 0.3269
<br />$ 0.0096
<br />$ 0.0189
<br />$ 0.0381
<br />39.3554%
<br />General $ 985,736.00 $ 153,369.00 $ 832,367.00 $ 3,143,145.00 $ 0.2648
<br />Lost MVHC $ (173,930.00) $ (19,461.00) $ (154,469.00) $ 3,143,145.00 $ (0.0491)
<br />EDA $ 51,751.00 $ 12,487.00 $ 39,264.00 $ 3,143,145.00 $ 0.0125
<br />Bonds $ 559,358.00 $ 23,773.00 $ 535,585.00 $ 3,143,145.00 $ 0.1704
<br />$ 1,422,915.00 $ 170,168.00 $ 1,252,747.00
<br />12/18/20068:34 AM
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