Page 129 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

FIVE YEAR FINANCIAL FORECAST
ALL MUNICIPAL FUNDS

ESTIMATED PROPOSED 1 2 3 4
DESCRIPTION FY 17- 18 FY 18- 19 FY 19- 20 FY 20- 21 FY 21- 22 FY 22- 23
FUND 301 - DEBT SERVICE ( property tax supported)
1.04
TYPE Non Taxable Value M& O Rate I&S Rate Total Rate Tax Levy Year
Property Tax 1,207, 702, 471 0. 11133 0. 02482 0. 13615 $ 296, 984 FY 2018 296, 984 0 0 0 0 0
Property Tax 1,275, 791, 495 0. 13587 0. 02013 0. 15600 $ 256, 878 FY 2019 0 256, 878 0 0 0 0
Property Tax 1,326, 823, 155 0. 11676 0. 03924 0. 15600 $ 520, 655 FY 2020 0 0 520, 655 0 0 0
Property Tax 1,379, 896, 081 0. 11808 0. 03792 0. 15600 $ 523, 213 FY 2021 0 0 0 523, 213 0 0
Property Tax 1,435, 091, 924 0. 11953 0. 03647 0. 15600 $ 523, 369 FY 2022 0 0 0 0 523, 369 0
Property Tax 1,492, 495, 601 0. 12060 0. 03540 0. 15600 $ 528, 417 FY 2023 0 0 0 0 0 528, 417
Total Revenues 296, 984 256, 878 520, 655 523, 213 523, 369 528, 417

Bank Charge - 2011 CO 0 ( 440)( 440)( 440)( 440)( 440)
Issue 2011 CO
Principal - 2011 CO ( 79, 000)( 83, 000)( 87, 000)( 91, 000)( 96, 000)( 101, 000)
Road Improvements
Interest - 2011 CO ( Program 011 36, 284. 20) ( 34, 356)( 32, 316)( 30, 180)( 27, 936)( 25, 572)
TOTAL 2011 CO ( 115, 284)( 117, 796)( 119, 756)( 121, 620)( 124, 376)( 127, 012)
Bank Charge - 2013 GORB ( 440)( 440)( 440)( 440)( 440)( 440)
Issue 2013 GORB
Principal - 2013 GORB ( 125, 000)( 135, 000)( 140, 000)( 145, 000)( 145, 000)( 150, 000)
Refunding of 20018 ( A& S)
Interest - 2013 GORB ( Program 013 37, 400)( 34, 463)( 31, 025)( 27, 463)( 23, 838)( 20, 375)
TOTAL 2013 GORB ( 162, 840)( 169, 903)( 171, 465)( 172, 903)( 169, 278)( 170, 815)
Bank Charge - 2019 CO See CP410 for 0 0 ( 440)( 440)( 440)( 440)
Issue 2019 CO
Principal - 2019 CO projects=$ 3.387M 0 0 ( 90, 000)( 130, 000)( 135, 000)( 140, 000)
Rd - Fac - Grnd Improvements
Interest - 2019 CO Bond Issuance NEW ISSUE - Program 019 0 0 ( 138, 994)( 98, 250)( 94, 275)( 90, 150)
TOTAL 2019 CO 0 0 ( 229, 434)( 228, 690)( 229, 715)( 230, 590)
Total Expenditures ( 278, 124)( 287, 699)( 520, 655)( 523, 213)( 523, 369)( 528, 417)
NET CHANGE TO FUND BALANCE 18, 860 ( 30, 821) 0 0 0 0
Beginning Fund Balance 11, 961 30, 821 0 0 0 0
Ending Fund Balance 30,821 0 0 0 0 0
Restricted/ Committed/ Assigned 30, 821 0 0 0 0 0
Unassigned Ending Balance 0 0 0 0 0 0

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