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Table 2 - Five -Year Millage Rate Projection <br />ALS Engine Only - Station 15 <br />Fiscal Year <br />Projected <br />Millage Rate <br />% Increase <br />from prior year <br />FY 2015/16 (actual) <br />2.2551 <br />13.9% <br />FY 2016/17 <br />2.5257 <br />12.0% <br />FY 2017/18 <br />2.5510 <br />1.0% <br />FY 2018/19 <br />2.5510 <br />0.0% <br />FY 2019/20 <br />2.7296 <br />7.0% <br />Full Complement Option <br />The Full Complement option results in a 15.0% millage rate increase for FY 2016/17. This is <br />greater than the 7.9% impact that is caused by operating expenses alone due to the need to fund various <br />capital expenses from the Emergency Services District Fund. These costs include; $324,781 for <br />relocation expenses, $750,000 for apparatus and startup capital, and a portion of costs ($1,375,000) for <br />Station 14 that will not be covered from Impact Fee Funds. An additional millage increase of 1.5% is <br />projected for FY 2017/18 to fund staffing costs for Station 14. It should be noted that this is less than <br />the 7.9% increase for operating costs of a Full Complement due to the drop off in capital expenses <br />from the previous fiscal year. In total, the cumulative increase over two years is 16.5%, which is <br />similar to the cost of adding a Full Complement at both locations (15.8%). This would bring the <br />projected millage rate to 2.6326, a cumulative increase of 53.5% from the millage rate in FY 2012/13 <br />(1.7148). The millage rate is estimated to remain unchanged for FY 2018/19, and increase another <br />7.0% to accommodate construction of an additional station in FY 2019/20. It should be noted that the <br />addition of Station 15 at this time could delay the need for the station construction currently included <br />in FY 2019/20. Alternatively, this allocation may provide funding for construction of a permanent <br />location for Station 15. Table 3 below summarizes the millage changes projected for this scenario. <br />Table 3 - Five -Year Millage Rate Projection <br />Full Com lement - Station 15 <br />Fiscal Year <br />Projected <br />Millage Rate <br />% Increase <br />from prior year <br />FY 2015/16 (actual) <br />2.2551 <br />13.9% <br />FY 2016/17 <br />2.5934 <br />15.0% <br />FY 2017/18 <br />2.6323 <br />1.5% <br />FY 2018/19 <br />2.6323 <br />0.0% <br />FY 2019/20 <br />2.8166 <br />7.0% <br />267 <br />