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Summary of Comparing the 3 Plans
<br />Attachment number 1
<br />G -3 P @gge.420
<br />Debt Issuance - 4 and 5 Year Terms
<br />COPS
<br />COPS
<br />GO Bonds
<br />Issue date
<br />3/1/2015
<br />Issue date
<br />3/1/2016
<br />Issue Date
<br />3/1/2016
<br />Plan E - Fallow Guideline #1 (KCS on GO Bond)
<br />-
<br />-
<br />43,000,000
<br />-
<br />10,195,750
<br />9,809,500
<br />9,423,250
<br />Plan F - Follow Guideline #4 (KSC on COPS /LOBS) (CCSand RCCC on GO Bonds)
<br />23,000,000
<br />-
<br />20,000,000
<br />43,000,000
<br />5,244,270
<br />10,195,750
<br />9,809,500
<br />Plan C - Commissioners Plan
<br />23,000,000
<br />20,000,000
<br />47,106,500
<br />Attachment number 1
<br />G -3 P @gge.420
<br />Annual Debt Service Payments For Plans
<br />Borrowed Funds
<br />2016
<br />2017
<br />2018
<br />2019
<br />2020
<br />2021
<br />Totals
<br />Plan E - Issue Debt on March 1, 2016, $43 million, 5 Year Term
<br />GO Bonds
<br />-
<br />10,195,750
<br />9,809,500
<br />9,423,250
<br />9,032,000
<br />8,646,000
<br />-
<br />Totals
<br />43,000,000
<br />5,244,270
<br />10,195,750
<br />9,809,500
<br />9,423,250
<br />9,032,000
<br />8,646,000
<br />47,106,500
<br />0.6793
<br />Cha nges i n ta x rates by year
<br />Plan C - Commissioners Plan
<br />1 9,144,411
<br />3,417,370
<br />-
<br />12,561,781
<br />1 9,883,023
<br />Plan F - Issue Debt on March 1, 2015, $23 million, 5 Year Term
<br />Issue Debt on March 1, 2016, $20 million, 4 Year Term
<br />COPS /LOBS
<br />5,353,750
<br />5,145,000
<br />4,936,250
<br />4,727,500
<br />4,518,750
<br />1 (0.015)
<br />GO Bonds
<br />-
<br />5,772,000
<br />5,542,750
<br />5,313,500
<br />5,084,250
<br />Totals
<br />43,000,000
<br />5,353,750
<br />10,917,000
<br />10,479,000
<br />10,041,000
<br />9,603,000
<br />-
<br />46,393,750
<br />Plan C - Issue Debt on March 1, 2015, $22 million, 5 Year Term
<br />Issue Debt on March 1, 2016,$19 million, 4 Year Term
<br />COPS /LOBS
<br />5,353,750
<br />5,145,000
<br />4,936,250
<br />4,727,500
<br />4,518,750
<br />GO Bonds
<br />-
<br />5,772,000
<br />5,542,750
<br />5,313,500
<br />5,084,250
<br />Totals
<br />43,000,000
<br />5,353,750
<br />10,917,000
<br />10,479,000
<br />10,041,000
<br />9,603,000
<br />46,393,750
<br />Attachment number 1
<br />G -3 P @gge.420
<br />Reduction in Expenditures Required
<br />Additional Reductions over and
<br />above Plan E
<br />2015
<br />2016
<br />2017
<br />Total
<br />Plan E - Follow Guideline #1 (KCS on GO Bond)
<br />Plan E - Plan Prepared per March 17th BOC Motion
<br />1,900,000
<br />778,758
<br />2,678,758
<br />-
<br />0.6793
<br />0.6793
<br />Changes in tax rates by year
<br />-
<br />Plan F - Follow Guideline 44 (KSC on COPS /LOBS) (CCSand RCCC on GO Bonds)
<br />-
<br />5,244,270
<br />-
<br />5,244,270
<br />2,565,512
<br />0.7000
<br />0.6793
<br />0.6793
<br />0.6793
<br />Cha nges i n ta x rates by year
<br />Plan C - Commissioners Plan
<br />1 9,144,411
<br />3,417,370
<br />-
<br />12,561,781
<br />1 9,883,023
<br />Attachment number 1
<br />G -3 P @gge.420
<br />Tax Rates By Plan
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />Plan E - Plan Prepared per March 17th BOC Motion
<br />0.7000
<br />0.7000
<br />0.7000
<br />0.6793
<br />0.6793
<br />0.6793
<br />Changes in tax rates by year
<br />-
<br />(0.0207)
<br />-
<br />-
<br />Plan F - Plan Prepared per March 17th BOC Motion
<br />0.7000
<br />0.7000
<br />0.7000
<br />0.6793
<br />0.6793
<br />0.6793
<br />Cha nges i n ta x rates by year
<br />-
<br />(0.0207)
<br />-
<br />-
<br />Plan C -Commissioners Plan
<br />0.70001
<br />0.6850
<br />0.6650
<br />1 0.6340
<br />0.6340
<br />0,6340
<br />Changes in tax rates by year
<br />1 (0.015)
<br />(0.02)
<br />(0.03)
<br />-
<br />-
<br />Attachment number 1
<br />G -3 P @gge.420
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