Minutes-9/8/1998

CITY OF TIFFIN - FIVE YEAR PROJECTIONS CAPITAL IMPROVEMENTS FUNDING <table> <tr> <th>Year</th> <th>1998-99</th> <th>1999-00</th> <th>2000-01</th> <th>2001-02</th> <th>2002-03</th> </tr> <tr> <th>General</th> <td>0</td> <td>0</td> <td>0</td> <td>0</td> <td>0</td> </tr> <tr> <th>Road Use Tax</th> <td>0</td> <td>0</td> <td>0</td> <td>15,000</td> <td>15,000</td> </tr> <tr> <th>Sewer Funds</th> <td>17,800</td> <td>-22,595</td> <td>-19,350</td> <td>-13,825</td> <td>-8,150</td> </tr> <tr> <th>Water Funds</th> <td>30,372</td> <td>36,735</td> <td>39,497</td> <td>48,306</td> <td>47,761</td> </tr> <tr> <th>TIF</th> <td>137,442</td> <td>146,940</td> <td>146,940</td> <td>146,940</td> <td>148,940</td> </tr> </table> Comments: 1. No funds would be appropriated from the General Fund for capital projects, unless the City increases the property tax levy. 2. New census data is expected to impact on road use tax revenues in 2002. 3. TIF revenues are projected to increase at a rate of 10% for three years and then level off.