Loading...
HomeMy WebLinkAboutMinutes - February 29, 2000 SS268 CITY OF LODI INFORMAL INFORMATIONAL MEETING "SHIRTSLEEVE" SESSION CARNEGIE FORUM 305 WEST PINE STREET TUESDAY, FEBRUARY 29, 2000 An Informal Informational Meeting ("Shirtsleeve" Session) of the Lodi City Council was held Tuesday, February 29, 2000 commencing at 7:00 a.m. ROLL CALL Present: Council Members — Hitchcock, Land, Nakanishi (left at 8:05 a.m.). Pennino and Mann (Mayor) Absent: Council Members — None Also Present: City Manager Flynn, Deputy City Manager Keeler, Public Works Director Prima, Community Development Director Bartlam, Finance Director McAthie, Police Chief Hansen, Fire Chief Kenley, City Attorney Hays and City Clerk Reimche TOPIC(S) 1. Public Safety Complex Financing ADJOURNMENT No action was taken by the City Council. The meeting was adjourned at approximately 8:30 a.m. ATTEST: ,CGlili� Ureln Alice M. Reimche City Clerk City of Lodi Public Safety Complex Financing February 29, 2000 Public Financial Management 505 Montgomery Street, Suite 800 San Francisco, CA 94111 415 982-5544 City of Lodi 415 982-4513 fax City of Lodi General Fund Financial Plan - Spreadsheet CONTENTS • General Fund Cashflow • General Fund Transfers In/(Out) • Debt Summary • Capital Improvement Fund • Capital Improvement Fund Revenue • Capital Projects • Equipment & Replacement Fund • Escalation Rates(%) • Escalation Rates($) • General Fund Transfers In/(Out) Escalation Rates(%) PAGE # 1 2 3 4 5 6 7 8 9 10 =pn;< 2 Public Safety Complex Schedule and Project Cost Phase 2 includes the new Public Safety Building Phase 3 includes the remodel of the existing Public Safety Building, and the Parking Structure Estimated Cost New Building $11,376.000 Parking Structure $4,350,000 Old Building $2,400,000 Additional Work to Fire Station 2 $224,000 Total 8,350,000 Cost includes design and contingencies (at least 10%), but does not include financing cost. _per I3 _� Fiscal 7ear 1998/1999 199 000 2000/2001 2001/2002 2002/2003 Total re imtnary Design/Study $327,000587, 0 City of Lodi Acquisition $766,000 construction Phase 4 100T- Fire/PSB Improvements $224,000 $700,000 Phase 2 $10,024,0W New PSB Design $800,000 Construction $2,310,000 $4,612,000 $2,302,000 Phase 0 Renovate Old PSB Design $250,000 Construction $1,450,000 Parking Structure Design $350,000 Construction $4,000,000 Total $327,000 $1,659,000 $4,000,000 $4,612,000 $7,752,000 ,350,000 • Phase 1 includes Fire Station 1, Fire Station 2, and Public Safety Building Improvements Phase 2 includes the new Public Safety Building Phase 3 includes the remodel of the existing Public Safety Building, and the Parking Structure Estimated Cost New Building $11,376.000 Parking Structure $4,350,000 Old Building $2,400,000 Additional Work to Fire Station 2 $224,000 Total 8,350,000 Cost includes design and contingencies (at least 10%), but does not include financing cost. _per I3 _� City of Lodi Summary of Financing Options Tax -Exempt Level Financing Refinancing Cash Defeasance Taxable Private Sector Financing City of Lodi Summary of Structuring Alternatives (1) Debt Service net of Capitaked Interest and Debt Service Reserve Fund Receipts ��" PF14t --a-- 15 —^ J C_ wr— cenano Level cenano U Wrap with Refinancing scenano C Wrap with Cash Defeasance Sceneno Taxable Financing Outstanding Fiscal Year General Fund Aggregate Net Net Cost o Aggregate Net Net Cost o Aggregate Net Net Costo Aggregate Net Net Cost o Ending Net Debt ServiceDebt Service", Financing) Debt Service") Financing Debt Service" Financing Debt Service,) Financing 6/30/2001 1,275,716 1,224,719 (50,998) 446,374 (829,342) 455,415 (820,301) 1,275,716 0 6/30/2002 1,275,208 1,173,212 (101,995) 1,163,130 (112,077) 1,184,978 (90,230) 1,275,208 0 6130/2003 1,267,891 1,836,409 568,518 2,243,328 975,437 2,264,732 996,841 1,267,891 0 6130/2004 1,268,679 2,844,378 1,575,700 2,604,199 1,335,520 2,625,124 1,356,445 2,134,366 865,688 6/30/2005 1,267,361 2,845,695 1,578,334 2,602,405 1,335,043 2,622,841 1,355,480 3,141,611 1,874,250 6/30/2006 1,268,691 2,848,270 1,579,579 2,603,271 1,334,580 2,623,208 1,354,516 3,142,979 1,874,288 6130/2007 1,267,411 2,846,840 1,579,429 2,601,670 1,334,258 2,625,968 1,358,556 3,145,074 1,877,663 6130/2008 1,268,239 2,846,125 1,577,887 2,602,477 1,334,238 2,625,997 1,357.758 3,142,614 1,874,375 6130/2009 1,261,154 2,841,024 1,579,870 2,600,654 1,339,500 2,618,517 1,357,363 3.135,579 1,874,425 6/30/2010 1,265,914 2,846,199 1,580,285 2,601,135 1,335,222 2,623,333 1,357,419 3,143,251 1,877,338 6130/2011 1,262.151 2,841,279 1,579,128 2,598,784 1,336,632 2,620,177 1,358,025 3,140,026 1,877,875 6/30/2012 1,254,479 2,830,774 1,576,294 2,593,411 1,338,932 2,613,990 1,359,510 3,130,517 1,876,038 6/30/2013 1,252,487 2,829,049 1,576,562 2,594,590 1,342,103 2,614,343 1,361,856 3,129,074 1,876,588 6/30/2014 1,256,394 2,835,944 1,579,550 2,591,860 1,335,466 2,615,633 1,359,239 3,130,681 1,874,288 6/30/2015 1,251,506 2,831,544 1,580,037 2,594,793 1,343,287 2,612,573 1,361,067 3,125,406 1,873,900 6/30/2016 1,247,824 2,825,880 1,578,055 2,588,898 1,341,074 2,608,726 1,360,901 3,122,774 1,874,950 6/30/2017 828,748 2,407,256 1,578,508 2,585,590 1,756,842 2,608,264 1,779,516 2,705,710 1,876,963 6/30/2018 1,576,275 1,576,275 2,381,165 2,381,165 2,381,208 2,381,208 1,874,700 1,874,700 6/30/2019 1,576,168 1,576,168 2,378,282 2,378,282 2,378,325 2,378,325 1,872,925 1,872,925 6/3612020 1,577,845 1,577,845 2,380,649 2,380,649 2,380,692 2,380,692 1,875,925 1,875,925 6/30/2021 1,576,154 1,576,154 2,377,962 2,377,962 2,378,005 2,378,005 1,873,225 1,873,225 6/30/2022 1,576,036 1,576,036 2,380,059 2,380,059 2,380,102 2,380,102 1,874,350 1,874,350 6/30/2023 1,577,251 1,577,251 2,381,579 2,381,579 2,381,621 2,381,621 1,873,588 1,873,588 6/30/2024 1,579,525 1,579,525 2,377,414 2,377,414 2,377,456 2,377,456 1,875,225 1,875,225 613012025 1,577,741 1,577,741 2,377,313 2,377,313 2,377,356 2,377,356 1,873,550 1,873,550 6/30/2026 1,576,792 1,576,792 2,380,738 2,380,738 2,380,781 2,380,781 1,877,613 1,877,613 6/30/2027 1,576,365 1,576,365 2,377,368 2,377,368 2,377,411 2,377,411 1,876,463 1,876,463 6/30/2028 1,576,082 1,576,082 2,376,792 2,376,792 2,376,834 2,376,834 1,874,388 1,874,388 6/3012029 1,575,695 1,575,695 2,378,482 2,378,482 2,378,524 2,378,524 1,875,200 1,875,200 6/30/2030 1,579,732 1,579,732 2,376,961 2,376,961 2,377,003 2,377,003 1,877,475 1,877,475 6/30/2031 (53,400) (53,400) 72,790 72,790 72,812 72,812 1,875,025 1,875,025 Total (1) Debt Service net of Capitaked Interest and Debt Service Reserve Fund Receipts ��" PF14t --a-- 15 —^ J C_ wr— Additional Considerations City of Lodi ADDITIONAL CONSIDERATIONS • California Infrastructure and Economic Development Bank (CIEDB) Financing — Currently for non -investment grade credits • No Parking Structure - Reduces borrowing cost by approximately $4.4 million - Reduces average annual debt service by approximately $400,000 _per 16 =_ Roles and Responsibilities • Rating Agencies -Provides independent assessment of the City's City of LOCH credit and viability of the financial plan. • Underwriter - Provides capital commitment and feedback in regard to the market's acceptance of the financial plan. • Bond Counsel - Drafts legal documents and provides legal opinion in regard to the validity of issuance and tax -exemption. • Financial Advisor - Provides technical analysis for financial plan, develops long-term credit strategy and independently reviews the terms of the financing. • Paying Agent - Provides custodial services for administration of the bonds. �PIVM 17 Conclusion and Next Steps City of Lodi CONCLUSION • With aggregate expenditures increasing at 3.50% or less, it appears that the Public Safety Complex can be financed in accordance with projections NEXT STEPS • Schedule Special Council Meeting — Approve current revenue and expenditure assumptions with the understanding that they are conservative and that they will be re-evaluated on an annual basis — Authorize change of revenue assumptions in current budget — Authorize impact fee transfer to General Fund — Appropriate $2 million for design of the Public Safety Complex ..:-_FM Q p P E �m U a a -74 E E co d D a a� o. o = ca C m o V N CD 3 c -0 = O ♦"' E E �i-- 0 � U ,N Rt = O Q. co i N .� cc cc E .= N LL w y .r.r N! = O •- v o = O O L ccoo 0 61). _ o 2 as _ •- y V V -fl = y d y L E 0 CL K E O w . RS = ch V •� m 00 LL N m '0 0 C N i C7 LL 0.._ -74 E E co d D a a� o. o = ca C m o V N CD 3 c -0 = O ♦"' E E �i-- 0 � U ,N Rt = O Q. co i N .� cc cc E .= N LL w MY OFLODI Scenario Sensluvmy General Fund Flnanelal Plan Assumptions: ^� Expenditures Projected at 3.50% General Fund Ceshflow Base Projections with Lew] Public Safety Complex Financing Xlslalcal ed fiscN Yw EndMp: 1994 1986 1998 1997 1988 1989 2000 9001 2002 2007 2001 2009 20 09 2007 i00a 2001 9010 Tobl I B491nliln9 aslan9e 2,143,465 4.039,567 3,992,441 3,371,957 2.510,266 2,261.476 2,710,878 3,630,387 5,079.269 5,208.151 8,990,935 6,819,203 6,706,417 6,665,147 6.710,323 6,854,347 7,116,008 63.809,237 SOURCES DF FUNDS 8£ylinuea Taxes 2 Properly Tax 4,949,911 4.077.007 4.223.516 4.224,605 4.374,489 4,518,855 4.829.777 4.745.521 4,664.159 4,985,763 5.110,407 5,238,167 5,369,122 5,503,350 5,640,933 5,761,957 5.91 84,162.001 3 Ssles6 Use T. 5,220,919 5.215,187 5.762.783 5,950,307 6.204,996 5,523.512 6,871,894 7,129.590 7,398,949 7,674,335 7,962,122 8,260,702 8,570,478 8,891,871 9,225,317 9.571,266 9.930,188 126,463.007 4 Pudic S.Wy Sales T.(Pryrp 172) 97,943 148,541 153,698 164.333 179.846 180,053 186.805 193.810 2111078 208619 218,442 224,558 232,979 247,776 250,780 260,165 269,942 3,401,370 5 Transit LWging Tsx 246.648 248,429 277,793 249,072 277,827 305.333 318,650 332547 347.050 362,186 377,982 394466 411.670 429,824 448.261 467,915 498,322 5,983.877 6waste Rarlwal Ftanchse Tae 245,532 250,750 239,995 254,977 275,972 201.349 289,117 297,099 305,302 313,730 322.392 331,293 340.439 349,838 359,497 359,422 379,821 5.205.817 7 11. In. Fra June 24,743 22,135 23.028 25,358 26,412 12.281 34,045 35,905 37,666 39.035 42,116 44,417 48,844 49,403 52,102 54,948 57,950 651.518 e Gas Frenrsxss 106,546 109.042 108.087 104,137 121,490 126.334 132,705 137,225 141,899 146,733 151730 156,899 162.243 167,769 173,483 179,392 185,502 2,415.216 9 Cade TV F Inchse 116.010 113,60 120,542 128,271 148.786 164,602 174,478 184.947 198,044 207807 220,275 233.492 247.501 262,351 278,091 294.778 312,464 3,406.108 10 El"m Franmise 10,989 10,716 10,954 11,230 11897 11542 11,656 11,771 11,867 12,004 12,123 12242 12,367 12465 12,606 12,733 12,856201.8m I,, 11 h. 3,216,690 4.160,000 4,174,600 4,085800 4,292,067 4,275,047 4,317,797 4,360,975 4.44,565 4,"8,631 4,493,117 4.539049 4583,429 4,829,283 4,875.556 4,771,312 4,169,535 74,149.653 12 in•Lieu Frachise- Sower• 385.000 609.000 690.800 719.300 688,920 789,212 797,104 605,075 613.126 821.257 829470 037,764 846.142 854,804 883.150 971,781 860,499 13,102,204 13In-Lieu FranWse- Wale!' 750,000 531,400 547,100 542,400 564,662 562,440 586,084 573,745 579,492 585,277 591,130 597,041 693,012 609,012 615,132 621,284 627,467 10,059,609 14 Real Property T/ansler Tax 68.145 87,762 74.906 65601 77,344 119,007 124,958 131,205 137,766 144,654 151,887 159481 187455 175,626 184,619 193,5150 203,543 2,248,011 15 Taal Taxes ._. 15.-045.074 ... -_. 15.567.636 _ 16,408.023 18,515,390 17.248,430 17,988,569 19.457,050 19.939,418 78,437,784 _-. 19.950,931 _ . _.. 20,497,19/ 21,028572 ._.. 21.593,1177 _ .. .._ 22.177,144 -- 22,779,831 1-.. 23,407,622 _.. - - 21,014,447 - 331.459,381 16 Ucocim"" permits 506,530 633.961 842,295 1,012"'18 1,192,610 1,266,630 1,342,628 1,423,185 1,505,577 1,599,091 1.695,037 1,798,739 1,904,543 2,016,916 2,139,945 2.269,341 2.404.442 25,545.788 Irmr aruw roverlwa V-11 17 Is-Verkde Lrerua Fae 1,885,100 2023,190 2,143,507 2.279,423 2,220,518 2,270,423 2,356,446 2.445,729 2,538,395 2,634,571 2734,392 2,637994 2,945,622 3,057,124 3,172,955 3,293,174 3,417,946 44,247,490 18 00wr 413,916 726,981 367966 _796,857 562.722 443,933 . 450.193 456.541 462,978 469,507 478.127 482,841 469,849 499.553 510,656 517,858 8.639.930 19Tea lrueryepemmOMd revenues 2299,096 .. 2,752,111 2.530,573 3,067,280 2,773,240 2,714,358 2,606,839 2,902,270 3.001,373 3,104,078 3,210,519 3,320,835 3,435,171 _ 3,553977 __._,503,555.---,- 3,678,510 3,803,829 3,935,804 52,807,420 20 Chargee for services 651.024 421,745 961,184 1,039,313 1.257326 1,307379 1,385,822 1.468,971 1,557,109 1650,536 1,749,566 1,854542 1.985,615 2.08.1,764 2,200,789 2,3/1,317 2,481,796 28,381,999 21 Fines, todstls and Pensees 40T, 166 405,818 420,983 452,717 691,783 678,245 948,505 1,024,385 1.106,336 1,194,843 1,290,430 1,393,884 1,505,158 1,825,570 1,755,616 1698,0&5 2,047,760 19,015.035 22 Rental income 127,725 41,775 101,822 39.647 86,383 142,227 154835 159,885 169,478 179,647 190,426 701.851 213,962 226,800 240.408 254,833 270,122 2,797.696 23 Evrmate0 lneeanera Earnings 313,146 351,343 332,145 164,505 245,330 502,235 400,000 400,000 350,000 350,000 350,000 360,000 350,000 354000 354000 350.000 350,000 5,858,704 24 6ksc9l18ne" reveeu9 91,588 130,710 120,347 78,102 112,924 71,301 71,301 71,301 71,301 71,301 71,301 71,301 71.301 71,301 71,301 71,301 11,301 1389,283 25 Odler Sources 0 0 0 0 0 0 876,000 961,000 697,910 704.889 711,938 719,057 726,248 733,510 740,846 748,254 755,737 8,375,389 26 Written In 4,561,329 3,779,691 3,750,391 4,519,310 4,663,490 4,245,037 4,024,920 4.050,960 4.192.744 4,339.490 4,491372 4,648570 4,511,770 4,979.664 5,153,952 5,334.341 5.521,013 77,067,772 27 SudMaIROW003 24,402,680 24,081,252 25,467,763 26686,682 28225,516 29,117049 30467,699 31401,373 32,092.021 33,144,805 34,241,783 35,365,132 36.577,145 37,820247 39,116,997 40,474103 41682,422 554778.648 USES OF FUNDS Dematlurts Budget Buda Pro 4c1ed Carets 28 Glxwwl 9wamnield 4,898,941 4,522,699 5,216,995 5,881,669 7-066,021 7138,903 7,898,500 8,018,835 8,309,644 8,604689 6,901,713 9,213.273 9,535.737 9,869,488 10,214920 10,572,442 10,942,479 137,215,041 29 Public proleceo0 9.939.558 10,274,5W 10,142,446 10,962,385 10,741.898 11,096.702 11.649.235 11,412.315 12,225.748 12,653,647 13,096,525 13,554903 14,029,325 14,520.351 15,028,563 15,554,563 16,0115,973 213,381,537 30 Public wake 3.906240 3,628,446 4.327,322 4,976,582 4.482,728 4.544.180 4.067,435 4,248060 4.396,732 1,550,617 4,709,6519 4,874735 5,045,351 5,221.938 5404,705 5,587,871 5.789,656 79,774580 M Library, fell 274 956,120 953,857 1,012,109 965,605 1.029,669 1,077785 1088.285 1,124705 1,167,655 1.204.364 1,246,537 1.290,166 1.335,322 1,382,058 1430,430 1,480495 19,616,066 32 Parks and -p9. 2,307,357 2,299,181 2.197.614 2.312,379 2,173,645 2,230,233 2.598.675 2.653,545 2,777,780 2.675,002 2,975.827 3,079.774 3,167,566 3,299,131 3414,600 3.534,111 3,857005 47602.485 33 O91on Was 0 0 0 0 0 0 200.000 0 0 0 0 0 0 0 0 0 0 204000 TramfersoLd 34 Pudic Safely Carnprex Finanon 0 0 0 0 0 0 0 (48,5011) (97.505) 573.008 1,684190 1,582624 1,584,059 1,503,919 1,562,377 1,584,360 1,584,775 11,511.510 35 001on 1,546,085 2,147,440 3,283,403 2,805,130 3,042,429 2,538275 2,068,416 1,645.401 1,948,1 1914,871 1,946,201 -_.. 1,944,921 1_945,749_1,830,66,4_ 1,943,424 37142,486 _ .._�___. ._.__._.___ ___-.... 36 -Tad 7renslevs puf 1588,085 2,147,740 .. .___ 3,263,107 .__ 2.605,130 ..... 9,043,429 . 2,538275 2.050,418 _.2,179,649 _ 2.093,141 _2.228.238_ 2,128,793 __... 2,518,409 9,528.376 _.__.. �952T,8B5 .. . 3530270 7,528,840 7,528,525 3,523,021 _.... 3,528,190 ._-.__. 48,653,997 37 SuOloal E.Dencliftres 23.401,455 24,128,378 26,121,572 27,750,354 28.474,327 25,677,962 29.544,208 29,952,471 30.963.139 32,352.020 34,414518 35,495,917 35,618,415 37,775,070 36,972,973 40,205,442 41,497,608 518,439.628 38 NET WCOME(pay.. lets &p.1 921.205 47,1281 (553.0(l9l 1861.671 246,610 439067 919,491 1,446,902 1,128,1152 782,784 172,732 111.786 41,27 45,176 M4,024 261,661 384,815 4338,822 39 Addllonally Required Revenues O 0 0 0 0 0 0 0 0 0 O 0 O 0 0 0 0 0 FUNDBALANCE 40 Beginning Balance 2.143.465 4.039.567 3,992,441 3.371.957 2,510,286 2,261.476 2,710.876 3,630,357 5,079,269 6,200,151 5,990,935 8,610103 6,708,417 6,095,147 6,710.323 6,654,347 7,116,008 83,W9,237 41 Residual optib version In 33.325 14313 43,638 41NOI Incom 921,205 (47,126) (653,809) (8151,671) (249,610) 439.007 919,491 1,448,902 1,128,882 782,784 (172,732) (111,786) (41,270) 45,176 144,024 261,661 384,615 4,336,822 42 Rasulemanp• 974,897 0 0 0 0 0 974.699 43 EMilg Bderce 4,039,567 3,992,441 3.371957 2,510,286 2.261,476 2,710,876 3.630.367 5.079,269 8,208,151 6,990.935 8,818,203 6,706417 6,865,147 6,710,323 6.654,347 7,116,008 7,500,823 69,165,596 44 %Er rg Balance d Arawal F_xpen6luns 17.20% 16.55% 12.91% 9.05% 7.94% 945% 12.29% 16.98% 20.05% 21.60% 19.01% 10.89% 1820% 17.76% 17.58% 17.70% 18.00% (2) ResWlenlanl h 1994 m ranecl G4Stl 22u �, �p � ,• CITY OF LODI Scenario O Sensitivity L -J General Fund Financial Plan Assumptions Expenditures Projected at 3.50% General Fund Transfers InljOut) Base Projections with Level Public Safety Complex Financing Historical Budget I Budget I Projected Fiscal year Ending: 1994 1995 1996 1997 1996 1999 2000 3007 2002 2003 2001 1006 2006 1007 7006 2009 2010 Total TRANSFERSIN Operating Transten In 1 cost S-, Trallsaclons 2,455,668 2,666,303 2,666,301 3.0111,920 3.046 960 17,956,15 2 Suaet Fund gas 1.10 o11set Weel maxi 640,000 933,800 933000 960,576 982,563 962,56: 1.001,000 1,004,000 7,441,30: 3 Omer 3,921329 2.046.091 2.816.591 1,103,066 1,014,624 596,171 n 0 4,192.744 4,339,490 4,491.372 4,648,570 4,811,210 4.979,654 5,153,952 5,334,341 5,521,043 55,770.31! 4 Total Operating Tnnsters In 4.5(11,329 3.779,891 3.750,391 4,519,310 4,663.490 4.245,031 4,024,920 4,050,960 4,192,744 4,339,490 4,491 372 4,648,570 4,811,270 4,979,664 5,153.952 5,334,341 5,521,043 77,067,77: I 5 7..1.1 T.....1ar. In 4561 iJ9 1779991 1]41141 4510 i1n 4663- 4145.31 1-9Jn 405114,,, 11-744 41'19 dap 1441- dActa 57n dell 170 d979 r4Cd 5151 g52 5311 34r SSJ1-1 77 M7771 LRANSFERS OUT 0 0 0 0 0 676,000 961,000 697,910 704,689 711,938 719.057 726,248 733,510 740,946 748,254 755,737 8,375,389 '1 Other Uses Operating Transterc Oul I r 269,485 269.485 6 Operaung Transfers Ow 200.000 3 Total Other Uses 0 0 0 0 0 0 200.000 0 0 0 O 0 0 D 7 B.A.M. Funs 0 0 53B,97C 400,000 400,000 961,000 697,910 704,689 711,938 719,057 726,248 733,510 740,&16 6 Insurance Funds 8.175,369 PREPARED BY PUBLIC FINANCIAL MANAGEMENT, INC 9 OMer 1.546.085 1 536,326 2 016347 1 337 846 1,730,100 1,102,005 10 Tow Operating Transien 0.1 1,546085 1536,326 2,016,347 1,337,846 1,730,100 1,162,005 Transient Oul to Capital Projects Fund 669.48S 669,485 669,405 669.485 669,485 669,485 II Property Tax 0 611,114 1.2670% 1,267,284 11312,329 1,356,270 12 Investment Income 1,533,122 1,571,450 1,610,736 1,651,005 1,692,280 1,734,587 13 S1lficlency Transfer for Debt Sarvxe 23,152,751 I4 Other -General Fund Capital 0 15 Total Transien Oulto Capital Projects Fund 0 511,114 1.267.056 1,267,284 1,312.329 1.356.270 TianSfers Out 10 Library Fund 1,166.360 1.118.952 1,080.763 8,768,202 a 6 Property lax 7 Total Transferal Out to Library Fund 0 0 0 0 0 0 8 Total Transien Out 1.546.085 2.147,440 3.283,403 2,605,130 3,042.429 2.536.275 ( 9 TOTAL TRANSFERS IMI(OUT) _ 3.015,244 t.02.4 51 466,988 1.914.180 1,621,061 1,706,762 OTHER SOURCES {USES a o 0 0 0 0 0 0 B a 01 0 2.058.418 2.093,141 2,128,733 2,518,409 3,526,370 3,527,695 3,530,270 3,528,840 3,528,125 3,523,024 3,528,1991 48,653,997 0 Omer Sources 0 0 0 0 0 0 676,000 961,000 697,910 704,689 711,938 719.057 726,248 733,510 740,946 748,254 755,737 8,375,389 '1 Other Uses I r 269,485 269.485 200.000 3 Total Other Uses 0 0 0 0 0 0 200.000 0 0 0 O 0 0 D O 0 0 53B,97C 400,000 400,000 961,000 697,910 704,689 711,938 719,057 726,248 733,510 740,&16 748,254 755,737 8.175,369 PREPARED BY PUBLIC FINANCIAL MANAGEMENT, INC 600,000 0 0 869,485 869,485 669,485 nM,485 669,485 889,485 659,465 659,485 669,485 15,374,074 669,485 669,485 669.48S 669,485 669,405 669.485 669,485 669,485 669.485 669,485 669,485 16,713044 1.388.933 423,656 1,459,248 1,495,729 1,533,122 1,571,450 1,610,736 1,651,005 1,692,280 1,734,587 1,777,952 23,152,751 0 00 0 353,196 1,323.771 1,2116,760 1,250,049 1.206.351 1,166.360 1.118.952 1,080.763 8,768,202 a 0 1368.933 423,656 1,459,248 1848924 2,856,893 2,858,210 2,860,765 2859,355 2,858,640 2,853539 2,858,714 1 31,940.953 a o 0 0 0 0 0 0 B a 01 0 2.058.418 2.093,141 2,128,733 2,518,409 3,526,370 3,527,695 3,530,270 3,528,840 3,528,125 3,523,024 3,528,1991 48,653,997 0 Omer Sources 0 0 0 0 0 0 676,000 961,000 697,910 704,689 711,938 719.057 726,248 733,510 740,946 748,254 755,737 8,375,389 '1 Other Uses '.1 Mid-Managoment Sulvoy 1 200,000 200.000 3 Total Other Uses 0 0 0 0 0 0 200.000 0 0 0 O 0 0 D O 0 0 200.000 '4 TOTAL OTHER SOURCES (USES) 0 0 0 0 O 0, 676,000 961,000 697,910 704,689 711,938 719,057 726,248 733,510 740,&16 748,254 755,737 8.175,369 PREPARED BY PUBLIC FINANCIAL MANAGEMENT, INC 2123100 7:10 Phl nnnsret F,uN ---- ........ 'l 11 CITY OF LODI Scenario Setlsievity 0 General fund Financial Plan Assumlltl0ns Expenditures Projected at 3.50% Debt Summary Base Projections with Level Public Safety Complex Financing NlSldd-I Pro acted Fiscal Year Eodln : 1994 1996 less 1997 1998 1999 2000 2001 2002 2003 2004 2606 2.6 2007 2800 2009 2010 raw BOND SOURCES AND USES Bond Source. Swiss 1995 Sanas 1906 Swes2001 1 PerA-11 NIA WA 5,000,000 10,120,000 NIA MIA WA 22,820.000 WA NIA WA WA WA WA NIA NJA WA 31,940,000 2 Subtorai Bone Sources WA WA 5.000.000 10,120,000 WA WA NIA 22820.000 WA WA NIA WA NIA WA WA NIA WA 37,940.000 Bond Uses Series 1995 S.— 1996 Sen6S2D01 3 Prnled Furl WA NIA 4.719,177 9,917800 NIA WA NIA 18,023,000 WA WA WA WA WA WA N/A WA WA 32,659.777 4 Debt S—ce Reserve Fund WA N/A WA NIA WA WA WA 1.682.281 WA NIA NIA WA WA WA WA NJA WA 1.652,281 5 Capitalized lnlerasl Fund WA WA WA WA WA WA WA 2,490.490 WA WA WA WA WA WA WA WA WA 2,490,490 6 Cost .1 WA NIA 188,000 202,400 WA WA WA 200.000 WA WA WA WA WA WA NIA NJA WA 590,400 7 Ondwwnlaf4 IN.—w WA WA NIA NIA NIA NIA WA 171.150 WA NIA NIA NIA NIA NIA WA WA WA 171,150 a S.nd insurance WA WA NIA WA WA WA N/A 251.936 WA WA WA WA WA NIA WA WA WA 251.936 9 Aawubnal P—aas WA WA 100,000 NIA NIA WA WA 1,143 WA N/A WA WA WA WA WA NIA WA 104.143 10 Subtwal Rond Uses WA WA 5,007,177 10,120,000 NIA NJA WA 22 WX.000 WA WA WA NIA WA WA NIA WA WA 37,947.177 BOND DEBT SERVICE Gross Debt Service I I Senes 1595 WA WA 131,084 425.231 429,871 427.081 425,341 427,201 428.411 424,074 424,171 423,564 427,044 424,526 425,906 421.214 425.396 6,091916 12 SenaS 19% WA WA WA 346.031 850,475 847,945 945.935 048,515 548,796 843,818 844,505 943.798 041,648 942,885 842,333 839,940 540,518 11.328,142 13 Senes 2001 WA WA NIA N/A WA NJA WA 670,513 t.341027 1.344,027 1677,695 1,680,329 16111 574 1,681,424 1.679.11112 1,681 NOB 1682.261 15,117&12 14 Sub0ual(hN Selwce WA WA t3t084 772.262 1280,346 1,275,026 1,274,270 1940.237 2,616,234 2.608918 2,948374 2.947.691 2,950,266 2.948,836 2,948,121 2,943,019 2.940,194 32,537,675 Debt Servke ReServe Fund ("DSRF") and Eanllr oil 15 S...1995 WA NIA WA wA WA N/A NIA WA NIA WA WA WA WA WA WA WA WA WA 18 Sellas 19% WA WA WA WA WA NIA WA WA WA WA WA NIA WA WA WA WA WA WA 17 Senes 2001 NIA WA WA WA WA WA WA 50998 101.9115 101995 101,995 101.995 101.995 101,995 101995 101,995 1U7,995 966,953 18 Sublolal OSRFwdLarrunys WA WA WA WA NJA WA WA so,tlm 101995 101,995 101,M36 101.995 101.995 101,995 101995 101,095 101,995 988,953 CaPa.11 ad Interest 19 Sores 1%6 WA N/A NIA WA NIA NIA WA wA NIA WA NJA N/A WA WA NIA WA WA WA 20 S...1996 WA WA WA NJA WA WA WA WA WA WA WA WA WA WA WA WA WA WA 21 $arras 2001 WA WA WA NIA N/A WA WA 610,513 1,341,027 670,513 WA WA WA WA WA WA WA 2,682,053 22 Subtotal Capplaxred Interest WA WA wA WA NJA NIA WA 670,513 1,341.027 670,513 WA WA NA WA WA WA NIA 2.682.053 Net Debt Senile 23 S-01995 WA WA 131,084 426,231 429,671 427,681 425.341 427.201 428,411 424.074 424,171 423,564 427,044 424.520 425,906 421,214 425,396 6.091.916 24 Senes 1996 WA WA WA 348031 850,475 947,945 848,935 848,515 846,795 943,815 844,508 843,795 841,648 542,885 842.333 839,940 640,518 11.328.142 25 Seriax 2001 NIA NIA WA NIA WA WA N/A (50.999) (101995) 580,518 1575,700 1,570,334 1,579,579 1,579,428 1,577,887 1,579,870 1,580,285 11,466,610 26 Subtotal Net Debt S..- WA WA 131,094 772262 1.280.346 1.275,826 1.274.276 1.224,119 1,173,212 1,836,409 2,844,378 2845,695 2,848.27G 2.846,840 2.8411.125 2,841024 2,046199 28,131&6,669 Fiscal Chatgea 27 S. .1995 WA N/A 3.535 3,535 3.535 3,535 3,535 3,635 3,535 3.535 3,535 3.535 3.535 3.535 3,535 3,535 3.535 53,025 28 Sene519% WA N/A WA 4.490 4,490 2,948 4.490 4,490 4,490 4.490 4.490 4.490 4,490 4,490 4,490 4AW 4,490 61,318 29Series 2001 WA WA WA WA WA WA WA 4,490 4,490 4,490 4,490 4,490 4,490 4,490 4,490 4,490 4,490 44,900 30 S's-af Fiscal Cha/pe5 WA WA 3,535 9,025 5,025 6,483 6025 12,515 12,515 12,515 12.515 12,515 12,515 12.515 12,515 12.615 12,515 159,243 31 Other Debt Service 405,160 345,498 365,584 158,580 1,274.822 32 Total Debt Service 405,160 345.498 500.203 938,867 1,288.371 1202,309 1282 ]01 1,237,234 1,185,727 1,545,924 2,858,893 2,858,210 2860,705 2,859,355 2,550640 2,853,539 2,858,714 30,320,734 DEBT AA110S 33 Ganem Furl Reveme 25.467,763 26,885,682 28,225,519 29,117,049 30,463,699 31.401,373 32,092,021 33,144,505 34,241,783 35,385,132 38,577,145 37.820,247 39,116,997 40,470.103 41,882,422 34 Dew Servke as a %of General Fund Revenue (Lora 141Lme 33) 0.51% 2.87% 454% 4.38% 4.10% 6.20% 8.15% 7.87% BAD% 8.33% 8.07% 7.80% 754% 7.27% 7.04% 35 Capital Fund Revenue 11,769,656 25.677757 19,453,648 6,907X29 2,108,933 9,002.658 5,272,373 18,825924 4,282,793 4,259,758 4,238,622 4,214.138 4,191,042 4.164,251 4,108,444 36 Debt SaNce as a %of Capital Fund Ravonw 4.25% 3.66% 6.62% 18.57% 60.80% 12.62% 14.33% 9.82% 66.71% 67.10% 6749% 87.65% 68.21% 68.52% 68.09% 37 Drell Gomm FwWDebbLeases"'Ourstaving 0 0 5,000,000 15,120,000 14,970,000 14,500,000 14,015,000 34,700,000 34,170,000 33,615,000 33,040,000 32,090,000 31,09.000 30,035,000 28,925,000 27,755.000 28,525,000 38 Assessed Full Cash Value(-AV-Y° 2,471754,000 2,471,754,000 2556,328,000 2.593,000,000 259300.000 2,593,000000 2.593,000000 2,593,000,000 ?644,860,000 2.697,757,200 2,]5171?344 2.800.746,591 2882,887,523 2.920.139,153 2,970,541,936 3,038,112,775 3,half 5,030 39 Ratio of Deeks DobVLeases la AV 0.1956% 0.5831% 05773% 0.5592% 0.5405% 1.3362% 1.2919% 12460% 1.2007% 11433% 1.OB60% 1.0285% 09711% 09136% 0856015 40 Popula04n" 53,000 53,575 54,473 54,500 55,700 55,700 55,700 55,700 55,700 56,257 56,820 57,388 57,952 55,541 59,127 59,710 60.315 41 Dew Par C.P.I. 1$) 91.79 27591 268.78 260,32 25162 62206 61345 597.53 58149 55915 536.39 51306 489.20 40477 43977 (IJ Do% nif4 i 1cluda squtpmeld lease3 t2V AV is P79Jec16d to grow at 2% annually from 20D2 onward (2 Po a6an 1s "eaed to row at 1 % annually earn 2002 bnwara PREPAAED BYPUBLIC FINANCIAL MANAGEMENT, INC. 2123100 7:10 PM General Fund(ScenanoA-SenSl9dN211 Genera Fund IBI.>slterl9A•9anWNa211 CITYOFLODI Scenario ensitivity� General Fund Financial Plan Assumptions Expenditures Projected at 3.50 Capital Improvement Fund Base Projections with Level Public Safety Complex Financing linterest Rate (Non-Debt Proceeds): 5.50% Historical PJ..td Nacai Year Endin : 1994 1995 1996 1997 199E 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Total 1 Beginning Balance 5.099,679 3,765,222 3,933,586 6,570.152 12,075,629 2,473,200 2,812.550 1,101,929 4.981,651 5,133.333 5,217.994 4.870,426 4.451,787 3,950,057 3,384,991 2,728,101 1,982,647 74.540,935 TSOURCES Capital Fund Revenue 2 Capital Fund Revenue 5,627857 4,561300 11.769.656 25.677,757 19,453,648 6.903629 2,108,933 9.802,656 8,272773 18,825,924 4,282,793 4,259,758 4,238,822 4,214,138 4.191,042 4,164,251 4,198,444 142,746,780 3 Total Capital Fund Revenue 5,823,857 4561,300 11,769,656 25,677,757 19,453,648 6,903,629 2,108,933 9,602.656 8,272,373 18,825,924 4,282,793 4,259,158 4,238,622 4,214,138 4,191,042 4,164,251 4,188,444 142,748,780 4 Total Sources 5,823,857 4,561,300 11,769.666 25.677 757 19,453,648 G.903.029 2,108 933 9,802.656 8,272,373 18,825.924 4,282,793 4,259.758 4,238,622 4,214,138 4,191,042 4,164,251 4,198,441 142,748,780 USES Capital Requirements 5 General Gov...-I 8,007 8,007 6 Public Werk. 11,670 71,670 7 General Fund Requirelrlanls 804,592 1,827,953 4789,642 8,987.944 15,339,532 2,732,058 2744,900 4,553,000 6,813,125 16,777,000 1,600,9W 1,626,548 1,652,836 1,879,782 1,707,402 1,735,712 1,764,729 77,337,655 8 RDA Reyuirements 0 9 Total Capital Requirements 884,269 1,827,953 4.389.642 9,987044 15,339,532 2,732,058 2,344,900 4,553,000 6813.125 16,777,000 1,600,900 1,626.548 1,652,836 1,679,782 1,707,402 1,735,712 1,764.729 77,417,332 Transfers Out Operating transfers out 10 Cost of Semtces Transactions 0 I/ General Fund O 12 Equipment 6 Replacement 455,443 400,000 300,000 300,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400000 400,000 5,055,443 13 Other 5,868.885 2.220,702 4,243,245 9.245,469 11,972,730 1,952,445 35,503,476 14 Total Ope'.6wJ transfers out 5.868,885 2.220702 4243,245 9,245.469 12,428,173 2.352,445 300,000 300.000 400,100 400,000 400,001 400,000 400,00 400,000 400,000 400,000 400,000 40,558,919 brryad Fees to General Fund 15 Fire O 16 Police 0 17 Parka 8 Recreation 50,000 50,000 50,000 50,000 50,000 50,000 50,000 350,000 18 General City Facilities0 - 19 Subtotal Impact Fees to General FurW O 0 0 0 0 0 50,001) 50.000 50,000 50,000 50,000 50,000 50,000 350,Wo 15 Transfer to Pay Debt Servica 405,160 345,498 500.203 938,867 1286,371 1,282,309 1.282,301 1237,234 1,185,727 1.848,924 2856,893 2,858,210 2.860,785 2,859,355 2,858,640 2,653,539 2,859,714 30,320,734 20 Total Transten Out 6,274,045 2,566,200 4.743,448 10,184,336 13,716,544 3,834,754 1,582,301 1537,234 1565,727 2.248,924 3,306,893 3,306,210 3310,785 3,309,355 3,308,640 3,303,539 3,308,714 71,229,653 21 Total Use. 7,158,314 4,394,153 9,133,090 20,172,260 29.056.076 6.366,612 3,927,201 8,090,234 8.398,852 19,025,924 4,907,793 4,934,758 4.963,622 4.989,138 5.016.042 5,039.251 5.073,444 148,646,984 22 Addillonaily Required Raven- O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FUND BALANCE 23 Beginning Balance 5,099679 3,765,222 3,933,586 6,570,152 12,075,629 2.473,200 2.812,550 1,101,929 4.981.651 5,133.333 5,217,994 4,870,426 4,451,787 3958,057 3,384,901 2,728,101 1,982,647 24 Eadmaled I.... want Earnings 107,648 167,298 278,162 284,661 277,432 256,361 231,271 201,934 168110 129.546 87,386 2,189,809 25 Residual equity transfer in1(ouq (197,468) (197,488) 26 Encessf(DeBciency) of Sources ovar(under) Uses (1,334,457) 167,147 2,636.566 5,505,477 (9,602,428) 536,817 (1.816,268) 3,712,423 (126,480) (200,000) (625000) (675,000) (725,000) (775.000) (825,000) (875,000) (875,000) (5,898,204) 27 R.Malements 1,217 1,217 28 Ending Balance 3,765,222 3,933,586 6,570,152 12075,829 2,473,200 2,812,550 1.101929 4,981,651 5,133,333 5,217.994 4,870,426 4451,787 3,958,057 3,384,991 2.728,101 1,982,647 1,195,033 PREPARED BYPUBUC FINANCIAL MANAGEMENT, INC. 223106 7:10 PM Genera Fund IBI.>slterl9A•9anWNa211 General Fund IScenadOA-Samutivev211 CITY OF LODI Scenario ®Sensidv/tyO2 General Fund Financial Plan AssumoHons Expenditures Projected at 3.50% Capital Fund Revenue Baso Projections wlth Level Public Safety Complex Financing Historical Projected Fiscal Year Ending: 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Was 2009 2010 Total CAPITAL FUND REVENUE Intergovernmental Revenues 1 Electric Utility 130,0W 130.000 0 O 0 260,000 2 Water Utility 45.000 45,000 0 O a gq,Ogq 3 Sewer Utility 45,000 45.000 0 0 0 90,000 4 Total ime70dvemmenral Revenues 0 0 0 0 289,601 87,973 220.000 220.00 0 0 0 0 0 0 0 0 0 817,574 Charges for Services 5 Private See" 0 0 300,00 8,775,000 0 9.075,000 Impact Fees 6 Fire 40,500 41,513 42,550 43,614 44,704 45,822 46.968 305,671 7 Police 86,400 88,560 90,774 93.043 95,369 97,754 100,198 652,098 8Parks B R. -ad -l" 1,000,000 1,401,125 548,000 561,700 575,743 590,136 609.889 620,012 635,512 6,537,117 9 General City Facilities' 1.000,000 351,000 359,775 368,769 377,989 3871438 397,124 407,052 3.649.149 10 Subtotal Impact Fees 0 0 0 0 0 0 0 2,000,000 1,401,125 0 1,025,900 1,051.518 1,077,836 1,104,782 1,132,402 1,160.712 1,189,729 11,144,034 n Total charges for Services 1,D00,813 1,243.252 767,739 400,132 858,722 1,173.940 0 2,000,000 1,701,125 8,775,000 1,025,900 1,051,548 1,017,836 1,1D4,782 1.132,402 1,160,712 1,189,729 25,723,632 Rental Income 12 0ther-payment from Foundation 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150.000 150,000 150,000 1,650,000 13 Total Rental Income 557,429 172,860 342,251 753,431 583,082 205,734 150,000 150,000 150,000 150,000 750,000 150,000 150.000 150,000 150.000 150,000 150,000 4,264,797 Miscellaneous Revenue 14 RDA 0 15 Other Miscellaneous Revenue 104,153 14,156 1,000 241.105 171,283 531.697 16 Total Mrscallaneous Revenue 104,153 0 14,156 1,000 241,105 171.283 0 O 0 0 0 0 0 0 0 0 0 531,697 Transfers In General Fund Transfers In 17 Property Tax 611,114 1,257,056 1,267,284 1.312,329 1,356,270 1.389.933 1423.656 1459,248 1,495,729 1533,122 1,571,450 1610,736 1,651,005 1,692,280 1,734,587 1,777,952 23,152,751 Is Investment Income 0 19 Sufficiency Transfer f"Debt Service 353,196 1,323,771 1.286,160 1,250.049 1,208,351 1,166,360 1,118,952 1,080.763 8,788,202 20 Omer _ _ . _ 0 21 Sufxotal GeneFund Tran ral slate In 611,114 1,267,056 1,267,284 1,312.329 1,356,270 1,3118,933 1,127,656 1,459,248 1,848,924 2,856,693 2,858,210 2,860.785 2,859.355 2,858.840 .. 2,853,539 2,858,714 31,940,953 22 Public Benefits Fund q 23 Electric Fund 350,000 350,000 350,000 300,000 250,000 20D,000 150,000 100,000 50,000 2,100,000 24 Other 4,101,462 2,534,074 4,659,277 10,917 728 16.168,809 3,908.429 42,289,779 25 Total Transfers In 4,101,462 3,145,188 5,926,333 12.185,012 17,481,138 5.264,699 1,738,933 1,773.656 1,809,248 2.148,924 3,106,893 3,068,210 3,010,785 2,959,355 2,908,640 2.853.539 2.858,714 76,330,732 Flnancing Sources Series 1995 Series 1996 Series 2001 Series 2001 Series 2001 26 Bond Proceeds NA NA 4,719,177 9,917,600 NA NA NA 5,659,000 4,672,000 7,752.000 NA NA NA NA NA NA NA 32,659,777 27 Interest on Bond Proceeds NA 28 Proceeds of Special Assessment 2,420,582 2.420,502 29 Total Financing Sources 0 0 4,719,177 12,338,182 0 0 0 51659,000 4,612,000 7,752,000 0 0 0 O 0 0 0 35,080,359 30 Told{ Capital Fund Revenue 5,823,857 4.561.300 11,769,656 25,677,757 19.453.648 6.903,629 2.108.933 9,802,656 8,272.373 18.825,924 4,282,793 4,259,758 4,238,622 4,214,138 4,191042 4,164,251 4,798,444 142,748,780 31 Debt Service 5001203 938,867 1,288,371 1,282,309 1282.301 1,237,234 1,185,727 1,848,924 2,856893 2,858,210 2,860.785 2,859,355 2,858,640 2,853,539 2,858,714 29,570,076 32 Debt Service as a %of Capital Fund Revenue 4.25% 3.66% 6.62% 18.57% 60.80% 1262% 14.33% 9.82% 66.71% 67.10% 67.49% 67.85% 68.21% 68.52% 68.09% 7) Includes nne-lime tansfer in 2001 from respective impact fee fund balance PREPARED BY PUBLIC FINANCIAL MANAGEMENT, INC. 2123100 7:10 PM General Fund IScenadOA-Samutivev211 (1) Numbers in bold reflect changes from ten. a sntrt-sleeve General Fund (ScenarioA•Sensilivity2)l CITY OF LODI Scenario r A Sensitivity General Fund Financial Plan Assumptions Expenditures Projected at 3.50% Capital Projects Base Projections with Level Public Safety Complex Financing Fiscal Year Ending: 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 TotalFY2000-2010 GENERAL FUND CAPITAL REQUIREMENTS 1 Information Systems telephone system 90,000 90,000 180,000 2 Beckman Annex building 3 Downtown Parking Structure Public Safety Building Improvements 4 Misc Fire equiplprojects 16,800 33,000 49,800 5 Roo(Replacement Fife Station #3 24,100 24,100 6 Misc Police equip/projects 7 Building Renovation 1,669,000 4,000,000 4,612,000 7,752,000 18,023,000 Park B Recreation Facilities 8 Indoor Sports Facility 300,000 8,775,000 9,075,000 9 P 6 R Administration 500,000 500,000 10 Park Corporation Yard 901,125 901,125 11 Lodi Lake Beach improv/parking lot 200,000 200,000 12 P 8 R Capital Misc 150,000 150,000 150,000 150,000 600,000 13 School Playgrounds 50,000 50,000 50,000 150,000 14 Information Systems 200,000 200,000 100,000 100,000 600,00D 15 Redevelopment Agency 100,000 100,000 16 Records Mgmt software 55,000 30,000 85,000 17 Permit software 18 Subtotal 2,344,900 4,553,000 6,813,125 16,777,000 30,488,025 Additional Capital Projects 19 General Fund 626,000 625,000 625,000 625,000 625,000 625,000 625,000 4,375,000 20 ImpactFees 975,900 1,001,548 1,027,836 1,054,782 1,082,402 1,110,712 1,139,729 7,392,909 21 Subtotal Additional Capital Protects 1,600,900 1,626,548 1,652,836 1,679,782 1,707,402 1,735,712 1,764,729 11,767,909 22 Total General Fund Capital Requirements 2,344,900 4,553,000 6,813,125 16,777,000 1,60D,900 1,626,548 1,652,836 1,679,782 1,707,402 1,735,712 1,764,729 42,255,934 RDA CAPITAL REQUIREMENTS 23 Total RDA Capital Requirements 23 Cumulative Total, this period 7,344,900 4,553,000 6,813,125 16,777,000 1,600,900 1,626,546 1,652,836 1,679,782 1,707,402 1,735,712 1,764,729 30,488,025 24 Cumulative Total, to date from 2000 2,344,900 6,897,900 13,711,025 30,488,025 32,088,925 33,715,473 35,368,309 37,048,091 38,755,492 40,491,204 42,255,934 PREPARED S PUBLIC FINANCIAL MANAGEMENT, INC. 2/23100 7:10 PM (1) Numbers in bold reflect changes from ten. a sntrt-sleeve General Fund (ScenarioA•Sensilivity2)l