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5 Year Projection GF Reserve
Assumptions: Annual Increase in Taxable Value 4.209/c Annual Increase in Operating Budget 4.509/c Ad- Valorem as % of Total Budget 55.64% Additional Amount for Capital 0.2000 DISTRIBUTED AT MEETING 5 yr CIP (current) $ 1,643,500 $ 2,236,500 $ 1,546,125 $ 767,225 $ 548,000 $ 6,741,350 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Total Taxable Value $ 1,609,188,844 $ 1,676,774,775 $ 1,747,199,316 $ 1,820,581,687 $ 1,897,046,118 Budgetary Taxable Value (95 %) $ 1,528,729,402 $ 1,592,936,037 $ 1,659,839,350 $ 1,729,552,603 $ 1,802,193,812 Millage 7.0975 7.1179 7.1384 7.1590 7.1796 Total Budget $ 19,500,519 20,378,042 21,295,054 22,253,332 23,254,732 Total Ad- Valorem $ 10,850,157 11,338,414 11,848,643 12,381,832 12,939,014 Adjusted Millage Rate for capital 7.2975 7.3179 7.3384 7.3590 7.3796 additional $ for capital through millage 305,746 318,587 331,968 345,911 360,439 $ 1,662,650 Funds from GF Reserve $ 1,643,500 318,587 331,968 345,911 360,439 $ 3,000,404 additional $ through millage 305,746 318,587 331,968 345,911 360,439 1,662,650 prior yr carryover 305,746 Total CIP Fund $ 1,949,246 942,920 663,936 691,821 720,878 $ 4,663,055 GF Reserve $ 9,248,566 $ 8,929,979 $ 8,598,011 $ 8,252,100 $ 7,891,662 GF Reserve as % of Total Budget 47% 43% 40% 37% 1 33% 5 yr CIP (current) $ 1,643,500 $ 2,236,500 $ 1,546,125 $ 767,225 $ 548,000 $ 6,741,350 Assumptions: Annual Increase in Taxable Value 4.20% Annual Increase in Operating Budget 4.50% Ad- Valorem as % of Total Budget 55.64% Additional Amount for Capital 0.3000 5 yr CIP (current) $ 1,643,500 $ 2,236,500 $ 1,546,125 $ 767,225 $ 548,000 $ 6,741,350 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Total Taxable Value $ 1,609,188,844 $ 1,676,774,775 $ 1,747,199,316 $ 1,820,581,687 $ 1,897,046,118 Budgetary Taxable Value (95 %) $ 1,528,729,402 $ 1,592,936,037 $ 1,659,839,350 $ 1,729,552,603 $ 1,802,193,812 Millage 7.0975 7.1179 7.1384 7.1590 7.1796 Total Budget $ 19,500,519 20,378,042 21,295,054 22,253,332 23,254,732 Total Ad- Valorem $ 10,850,157 11,338,414 11,848,643 12,381,832 12,939,014 Adjusted Millage Rate for capital 7.3975 7.4179 7.4384 7.4590 7.4796 additional $ for capital through millage 458,619 477,881 497,952 518,866 540,658 $ 2,493,975 Funds from GF Reserve $ 1,643,500 477,881 497,952 518,866 540,658 $ 3,678,857 additional $ through millage 458,619 477,881 497,952 518,866 540,658 2,493,975 prior yr carryover 458,619 Total CIP Fund $ 2,102,119 1,414,380 995,904 1,037,732 1,081,316 $ 6,172,832 GF Reserve $ 9,248,566 $ 8,770,685 $ 8,272,733 $ 7,753,868 $ 7,213,209 GF Reserve as % of Total Budget 46% 42% 38% 34% 30% 5 yr CIP (current) $ 1,643,500 $ 2,236,500 $ 1,546,125 $ 767,225 $ 548,000 $ 6,741,350