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<br />7/20/2007
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<br />Tax Capacity Calculation-Estimated
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<br />Based on a proposed 2008 budget of $10,049,236
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<br />2008 Proposed Levy 3.85% increase
<br /> Certified Fiscal Disp Local Levy Taxable Value Tax Capacity
<br />General $ 7,610,338.00 $ 898,020.00 $ 6,712,318.00 $ 19,910,684.87 $ 0.3371
<br />EDA $ 393,375.00 $ 50,711.00 $ 342,664.00 $ 19,910,684.87 $ 0.0172
<br />Bonds $ 857,112.00 $ 69,225.00 $ 787,887.00 $ 19,910,684.87 $ 0.0396
<br /> $ 8,860,825.00 $ 1,017,956.00 $ 7,842,869.00 39.3903%
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<br />Assumptions: Equipment Revolving Fund pays for $453,628 of $749,362 of Municipal Debt Levy
<br />Equipment Revolving Fund pays $249,743 for 2008 Debt Service of 2004 & 2005 Cap Equip Cert
<br />Equipment Revolving Fund funds all 2008 capital equipment purchases in the amount of $329,850
<br />Total Equipment Revolving Fund transfers - $1,033,221 ($4,468,500 in fund year end 2006)
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<br />2007 Adopted Levy
<br /> Certified Fiscal Disp Local Levy Taxable Value Tax Capacity
<br />General $ 6,884,480.00 $ 812,369.00 $ 6,072,111.00 $ 19,172,542.00 $ 0.3167
<br />EDA $ 393,375.00 $ 50,711.00 $ 342,664.00 $ 19,172,542.00 $ 0.0179
<br />Bonds $ 1,247,126.00 $ 100,726.00 $ 1,146,400.00 $ 19,172,542.00 $ 0.0598
<br /> $ 8,524,981.00 $ 963,806.00 $ 7,561,175.00 39.4375%
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<br />Difference from 2007 to 2008
<br />General $ 725,858.00 $ 85,651.00 $ 640,207.00 $ 738,142.87 $ 0.8673
<br />EDA $ $ $ $ 738,142.87 $
<br />Bonds $ (390,014.00) $ (31,501.00) $ (358,513.00) $ 738,142.87 $ (0.4857)
<br /> $ 335,844.00 $ 54,150.00 $ 281,694.00
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<br />Notes: Municipal Center debt funding
<br />Municipal center debt had $267,601 accrued interest from bonded funds used towards deot in 2007.
<br />Internal transfer towards muni center debt $635,000 used in 2006.
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<br />7/24/200711 :17 AM
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