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EXPLANATORY STATEMENT- (Continued)

BUDGET MESSAGE

SUMMARY TAX LEVY CAP CALCULATION

Levy Cap Calculation

Prior Year Amount to be Raised by Taxation for Municipal Purposes

763,743

Cap Base Adjustment (+/-)

Less: Prior Year Deferred Charges to Future Taxation Unfunded

Less: Prior Year Deferred Charges: Emergencies

Less: Prior Year Recycling Tax

Less: Changes in Service Provider:Transfer of Service/Funcion

Net Prior Year Tax Levy for Municipal Purpose Tax for Cap Calculations

763,743

Plus 2% Cap increase

15,275

Adjusted Tax Levy

779,018

Plus: Assumption of Service/function

Adjusted Tax Levy Prior to Exclusions

779,018

Exclusions:

Allowable Shared Service Agreements Increase

Allowable Health Insurance Cost Increase

Allowable Pension Obligations Increase

Allowable LOSAP Increase

Allowable Capital Improvement Increase

Allowable Debt Service, Capital Leases and Debt Service

Share of Cost Increases

Recycling Tax Appropriation

Deferred Charges to Future Taxation Unfunded

Current Year Deferred Charges: Emergencies

Add Total Exclusions

0.00

Less Cancelled or Unexpended Exclusions

(262.00)

Adjusted Tax Levy After Exclusions

778,756

Additions:

New Ratables - Increase in Valuations (New Construction

and Additions)

134,400

Prior Year's Local Municipal Purpose Tax Rate (per$100)

0.649

New Ratable Adjustment to Levy

872

CY 2011 Cap Bank Utilized in CY 2013

CY 2012 Cap Bank Utilized in CY 2013

Amounts approved by Referendum

Maximum Allowable Amount to be Raised by Taxation

779,628

Amount to be Raised by Taxation for Municipal Purposes

779,356

Amount to be Raised by Taxation for Municipal Purposes Under/Over Cap (+/-)

272

NOTE:

Sheet 3b-2

MANDATORY MINIMUM BUDGET MESSAGE MUST INCLUDE A SUMMARY OF:

1.

HOW THE 1977 "CAP" WAS CALCULATED. (Explain in words what the "CAPS" mean and show the figures.)

2.

2013 "CAP" LEVY WORKBOOK SUMMARY

3.

A SUMMARY BY FUNCTION OF THE APPROPRIATIONS THAT ARE SPREAD AMONG MORE THAN ONE OFFICIAL LINE ITEM

(e.g. if Police S&W appears in the regular section and also under "Operations Excluded from "CAPS" section, combine the

figures for purposes of citizen understanding.)

4.

INFORMATION OR A SCHEDULE SHOWING THEA AMOUNTS CONTRIBUTED FROM EMPLOYEES, THE EMPLOYER SHARE

AND THE TOTAL COST OF HEALTH CARE COVERAGE (Refer to LFN 2011-4).