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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

790,260

Cap Base Adjustment (+/-)

Less: Prior Year Deferred Charges to Future Taxation Unfunded

(98,156)

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

692,104

Plus 2% Cap increase

13,842

Adjusted Tax Levy

705,946

Plus: Assumption of Service/function

Adjusted Tax Levy Prior to Exclusions

705,946

Exclusions:

Allowable Shared Service Agreements Increase

Allowable Health Insurance Cost Increase

Allowable Pension Obligations Increase

3,866.00

Allowable LOSAP Increase

Allowable Capital Improvement Increase

10,000.00

Allowable Debt Service, Capital Leases and Debt Service

Share of Cost Increases

Recycling Tax Appropriation

Deferred Charges to Future Taxation Unfunded

98,156.00

Current Year Deferred Charges: Emergencies

Add Total Exclusions

112,022.00

Less Cancelled or Unexpended Exclusions

(22.00)

Adjusted Tax Levy After Exclusions

817,946

Additions:

New Ratables - Increase in Valuations (New Construction

and Additions)

36,400

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

0.675

New Ratable Adjustment to Levy

246

CY 2012 Cap Bank Utilized in CY 2015

CY 2013 Cap Bank Utilized in CY 2015

CY 2014 Cap Bank Utilized in CY 2015

Amounts approved by Referendum

Maximum Allowable Amount to be Raised by Taxation

818,192

Amount to be Raised by Taxation for Municipal Purposes

782,181

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

36,011

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).