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PACKET - FIRE
CIOCity of Otsego Fire Reserves Fund Cash Flow Summary Revised: November 15, 2018 Cash Balance - Beginning Balance Sheet Effects Revenues Expenditures Cash Balance - Ending 2,235,834 2,386,793 2,406,793 2,586,793 2,576,793 2,776,793 2,986,793 3,106,793 3,823,393 3,846,671 3,869,950 180,235 170,000 180,000 190,000 200,000 210,000 220,000 5,230,000 488,847 488,847 488,847 (29,276) (150,000) - (200,000) - - (100,000) (4,513,400) (465,569) (465,569) (465,569) $ 2,386,793 $ 2,406,793 $ 2,586,793 $ 2,576,793 $ 2,776,793 $ 2,986,793 $ 3,106,793 $ 3,823,393 $ 3,846,671 $ 3,869,950 $ 3,893,228 PUBLIC SAFETY -1 Comments Levy at 105% of Debt Service State Fire Marshal's Office Grant $5M - 15 Year Bond @ 4.5% Interest Acquisition of 2 Parcels for Future Fire Stations Engine/Tender/Squad/Equip/Gear - Page 117 High Cost of 13,000 Sq/Ft - Page 112 $5M - 15 Year Bond @ 4.5% Interest X:\Budget\2019\Cash Flows\Capital Funds 214 -Fire Reserve Forecast I Projection - Capital Improvement Plan 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Revenues Property Taxes $ 160,000 $ 170,000 $ 180,000 $ 190,000 $ 200,000 $ 210,000 $ 220,000 $ 230,000 $ - $ - $ Property Taxes (Debt Service) - - - - - - - - 488,847 488,847 488,847 Special Assessments - - - - - - - Investment Interest - - - - - - Intergovernmental 20,235 - - - Miscellaneous - - - - - - Debt Issuance - - - 5,000,000 - Transfers In - - - - - - - - - - - Total 180,235 170,000 180,000 190,000 200,000 210,000 220,000 5,230,000 488,847 488,847 488,847 Expenses Fire Study 24,300 - - - - - - - - - - Other Charges & Services 4,976 - - - - - Capital Outlay (Land) - 150,000 - 200,000 - - - - Capital Outlay (Equipment) - - - - - 1,926,400 - Capital Outlay (Building) - - - - 100,000 2,587,000 - - - Debt Service - - - - - - 465,569 465,569 465,569 Transfers Out - - - - - - - - - Total 29,276 150,000 200,000 - 100,000 4,513,400 465,569 465,569 465,569 Cash Balance - Beginning Balance Sheet Effects Revenues Expenditures Cash Balance - Ending 2,235,834 2,386,793 2,406,793 2,586,793 2,576,793 2,776,793 2,986,793 3,106,793 3,823,393 3,846,671 3,869,950 180,235 170,000 180,000 190,000 200,000 210,000 220,000 5,230,000 488,847 488,847 488,847 (29,276) (150,000) - (200,000) - - (100,000) (4,513,400) (465,569) (465,569) (465,569) $ 2,386,793 $ 2,406,793 $ 2,586,793 $ 2,576,793 $ 2,776,793 $ 2,986,793 $ 3,106,793 $ 3,823,393 $ 3,846,671 $ 3,869,950 $ 3,893,228 PUBLIC SAFETY -1 Comments Levy at 105% of Debt Service State Fire Marshal's Office Grant $5M - 15 Year Bond @ 4.5% Interest Acquisition of 2 Parcels for Future Fire Stations Engine/Tender/Squad/Equip/Gear - Page 117 High Cost of 13,000 Sq/Ft - Page 112 $5M - 15 Year Bond @ 4.5% Interest X:\Budget\2019\Cash Flows\Capital Funds 214 -Fire Reserve