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Impact on City Budget: Basis - Proposed 2020 Budget <br /> Library Costs: <br /> General Government (Library Fund 110)• $6,180,000 <br /> Includes operating budget, capital improvements, <br /> Facility maintenance, and cost allocations <br /> from support departments <br /> Non-General Government(Library Rsv. Fund 152): $74,000 <br /> Library Revenue: ($73,700) <br /> Net Savings: $6.180.300 <br /> Property Tax Levy Considerations: <br /> 2020 Estimated Assessed Value: $20,087,240 <br /> 2020 Library Costs Levy Rate Equivalent: $0.31/$1,000 of Assessed Value <br /> q> Levy rate that would generate funding <br /> equal to the 2020 Library Costs <br /> *********************************************************************************** <br /> Sno-Isle Max Levy Rate: $0.50/$1,000 of Assessed Value <br /> Levy Amount using$.50 Levy Rate: $10,040,000 <br /> q> at 2020 Assessed Value Estimate <br /> Difference: $3,870,000 <br /> q> between 2020 Library Costs & Levy Amount <br /> using$0.50 Levy Rate <br /> *********************************************************************************** <br /> Sno-Isle Estimated 2020 Levy Rate: $0.44/$1,000 of Assessed Value <br /> Levy Amount using$.44 Levy Rate: $8,840,000 <br /> q> at 2020 Assessed Value Estimate <br /> Difference: $2,660,000 <br /> q> between 2020 Library Costs& Levy Amount <br /> using$0.44 Levy Rate <br /> lc Alternative Service Delivery/Funding Models 12 I Page <br />