I
<br /> Option 5 - Revised
<br /> Remove recurring capital from the formulas and earmark 3 cents on the General Fund Property Tax Rate for Recurring Capital
<br /> CHCCS 1997-98 1998-99 1999-2000 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 Total
<br /> CurrentClP 2,856,079 2,413,496 2;040,546 2,343,801 2,658,788 2,370,397 2,102,293 2,459,891 2,791,110 22,036,401
<br /> Current Recurring 874,500 874,500 874,500 874,500 874,500 874,500 874,500 874,500 874,500 7,870,500
<br /> Total Current 3,730,579 3,287,996 2,915,046 3,218,301 3,533,288 3,244,897 2,976,793 3,334,391 3,665,610 29,906,901
<br /> Option 5 Revised CIP 2,706,244 2,235,422 1,824,645 2,084,759 2,331,647 2,672,295 3,025,3$4 3,375,535 3,762,406 24,018,307
<br /> Option 5 Recurring 1,026,600 1,05Z398 1,089,120 1,121,794 1,155,447 1,190,111 1,225,814 1,262,589 1,300,466 10,429,338
<br /> Total Option 5 Revised 3,732,844 3,292,820 2,913,765 3,206,553 3,487,094 3,862,405 4,251,168 4,638,124 5,062,872 34,447,645
<br /> difference 2,265 4,824 (1,281) (11,748) (46,194) 617,508 1,274,375 1,303,733 1,397,262 4,540,744
<br /> OCS
<br /> -Current ClP 2,156,538 2,347,991 1,935,702 2,151,623 2,376,010 2,611,711 2,862,139 3,063,344 3,353,102 22,858,160
<br /> -Current Recurring 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 6,750,000
<br /> Total Current 2,906,538 3,097,991 2,685,702 2,901,623 3,126,010 3,361,711 3,612,139 3,813,344 4,103,102 29,608,160
<br /> Option 5 Revised CIP 2,161,496 2,334,004 1,812,183 1,893,698 1,831,154 2,079,642 2,696,546 3,247,506 3,882,971 21,939,200
<br /> Option 5 Recurring 743,400 765,702 788,673 812,333 836,703 861,804 887,658 914,288 941,717 7,552,279
<br /> Total Option 5 Revised 2,904,896 3,099,706 2,600,856 2,706,032 2,667,857 2,941,446 3,584,205 4,161,795 4,824,687 29,491,479
<br /> difference (1,642) 1,715 (84,846) (195,591) (458,153) (420,265) (27,934) 348,451 721,585 (116,681)
<br /> The difference between$750,000 and this amount,$6,600 will be made up from fund balance.
<br /> ON
<br /> October 15, 1996
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