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Contingency
<br /> Adopted Amended
<br />Year Budget Budget Actual
<br />2011 $75,000 $2,698
<br />2010 $113,100 $113,100 $10,766
<br />2009 $70,050 $70,050 $6,434
<br />2008 $60,000 $58,400 $1,573
<br />2007 $89,000 $14,000 $3,315
<br />2006 $110,000 $82,400 $17,305
<br />2005 $100,000 $24,800 $0
<br />2004 $75,000 $75,000 $156,704
<br />2003 $75,000 $75,000 $5,463
<br />2002 $95,000 $95,000 $27,527
<br />2001 $130,000 $130,000 $140,882
<br />I have attached the three levy scenario's we have been modeling. We expect to get updated
<br />Net Tax Capacity information prior to adopting the maximum levy on September 12. In
<br />addition, more information will be available on the Market Value Homestead Credit change.
<br />From now until final budget adoption in December we will work on balancing the budget
<br />with the final tax levy for taxes payable in 2012.
<br />Percentage Change (NTC) -6.0% -6.0% -6.0%
<br /> 2011 2012 2012 2012
<br />NTC 24,303,844 22,845,613 22,845,613 22,845,613
<br />Tax Rate 45.72% 45.72% 47.18% 48.6%
<br />Levy
<br />General Fund 9,665,436 9,064,409 9,398,098 9,731,786
<br />PERA 93,077 -
<br />Libra ry 63,100 63,100 63,100 63,100
<br />Storm Water 50,000 50,000 50,000 50,000
<br />Debt 813,525 839,001 839,001 839,001
<br />Tax abatement 427,253 428,504 428,504 428,504
<br /> $ 11,112,391 $ 10,445,014 $ 10,778,703 $ 11,112,391
<br />Attachments:
<br />• Cash flow analysis of the equipment fund
<br />• 2012 detail equipment listing (as recommended by the fleet committee)
<br />• August 8`" Budget adjustments summary
<br />• 2012 Summary Budget worksheet
<br />• 2012 Personnel requests
<br />N:APublic Bodies\City Council\Council RCA\Agenda Packet\08-15-2011\2012-2016equipmentmplacementfund[1J.docs
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