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HomeMy WebLinkAbout11-13-2018 Worksession Packet 0 City of Oak Park Heights Worksession Date: Tuesday, November 13, 2018 Time: 5:00 PM Location: Oak Park Heights City Hall 1. Call to Order 2. 2019 Budget Discussion—Xcel Energy Property Value Change 3. Financial Impacts Discussion—Future Xcel Energy King Plant Closure 4. Adjourn Page 1 of 40 THIS PAGE INTENTIONALLY LEFT BLANK Page 2 of 40 4«i r City of Oak Park Heights Page 1 of 1 14168 Oak Park Blvd. N•Oak Park heights,MN 55082•Phone(651)439-4439•Fax(651)439-0574 11-8-18 TO: Mayor and City Co ci1� em rs FROM: Eric Johnson,,fa Ad ni RE: Worksession /13/18 Enclosed please find two sets f docume rela d to the planned Worksession items. 1. Memo from Betty Caruso discussing budget options relating to the Xcel Energy(&Menards) property tax reductions including possible options. 2. The Council did continue its Worksession to discuss the issues related to the future financial impacts being discussed and studied for the Xcel Allen S. King Plant Closure.The Mayor has provided further documentation and plans to provide further updates. Page 3 of 40 CITY OF OAK PARK HEI Memoo,",. To: Mayor and Council From: Betty Caruso,Finance Director Date: November 13,2018 Re: Response to 2019 Budget Work Session—Xcel Value Change As we know, the City's estimated tax capacity value of$10,028,799 was adjusted to an estimated $9,607,727 due to valuation reductions of$393,072 for Xcel and $28,552 for Menards. If the City desires to maintain the currently proposed Budget Levy of $5,280,246 this will necessitate an increase in the tax rate from 49.949% to 52.117%. The results of this reduced valuation to Xcel and Menards (shifts) the tax burden to residential property taxes by 3.2%to 6.4%or$23 to $64 per residence based of the value of the property. The taxpayers have been notified with the TNT notice that they will have a $0.00 increase or a possible reduction in taxes based on the information that was available at the time the City adopted its preliminary budget, therefore in order to deal with real possibility of the property taxes increasing we need to address the 2019 budget and how to proceed. We have essentially two options: Option 1) Adopt the preliminary budget as is and inform the taxpayers (at TNT hearing and/or special notices) of the unexpected increase in their taxes. Option 2) Adjust the budget to reflect a $0.00 increase which would require adjustments of approximately $200,000 in other revenue sources or reduction in expenditures. While neither option is ideal as funding will likely need to be made up in future years- especially related to road reconstruction --- Staff would recommend Option 2 and can be accomplished by: SUMMARY OF GENERAL FUND EXPENDITURES After review of all expenditures again an additional $23,834 was decreased. These were not immaterial to the departments,but could be done. See Attachment#1. PROPOSED USES OF 2017 FUND BALANCE In order to meet the$200,000 loss in tax revenue a portion of the 2017 Fund Balance could also be utilized to balance the 2019 budget. This amount is $176,166. See Attachment#2. TRANSFERS FOR CAPITAL PROJECTS Transfers can be reviewed for possible reductions. These amounts are the larger budget items and can have an impact on future funding of projects. 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N . 11 .i N ri0 0 0 0 rl M Page 5 of 40 PROPOSED USES OF 2017 FUND BALANCE PROPOSED 9/14/18 PROPOSED 11/13/18 December 31, December 31, 2017 2017 Allocable Balance $ 578,270 $ 608,270 Call Bonds $ (136,600) $ (136,949) 2019 Budget-Finance Wages $ (37,500) $ (37,500) Transfer for Travel Budget-Budg Proj $ (4,000) $ (4,000) Possible Police Gun Cameras $ (7,000) $ Unfunded Street- Norell $ (250,000) $ (150,000) Balance Budget $ (176,166) Balance $ 143,170 $ 103,655 The above are suggestions based on the Preliminary Budget Changes and discussions that were had during the work sessions. 11/8/2018 General Fund Balance Allocation.xlsx Page 6 of 40 a M a a I y m LU cu c Y C m a m v 0 a v ` M M m v C CL v m m w a? 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MEMORANDUM To: Coalition of Utility Cities From: Justin Stofferahn Date: November 7,2018 Re: DRAFT: Preliminary analysis of changes to Local Government Aid as part of Utility Valuation Reform As the Coalition of Utility Cities(CUC)considers whether to engage in conversations over utility valuation reform and works to prepare for possible power plant retirements, this analysis is meant to help inform whether changes to Local Government Aid (LGA)should be considered as part of any potential policy response.This analysis, which is preliminary, comes with several limitations and assumptions, but is instructive in illustrating general impacts on CUC members. Current Environment To properly contextualize our analysis, it is important to understand what CUC members currently receive from the LGA program.As shown in the table below, most CUC members do not currently receive any LGA funding. City 2018 LGA 2019 LGA Becker $0 $0 Cohasset $0 $0 Monticello $0 $0 Hoyt Lakes $404,858 $405,333 Granite Falls $977,808 $979,975 Oak Park Heights $0 $0 Red Wing j $959,516 1 $794,066 Assumptions and Scenarios To see what impact LGA could have on CUC members in the wake of plant closures,we analyzed the impact of four different scenarios for each city.There are several underlying assumptions throughout this analysis: • For each city it is assumed that their power plant is closed and no longer pays state assessed property taxes. 1 Page 9 of 40 • Each city is modeled individually, which assumes no other plant closures take place during that time. • Each model begins with the Certified 2019 LGA. Data is currently available to make a dynamic estimate for 2020, but the data for all years after 2020 is held static. This analysis models four different scenarios for each city: • Scenario 1: LGA for 2019-2023 under current law.This scenario would occur without any legislative changes because the closure of power plants will change the tax base and thus alter the need calculated by the LGA formula. • Scenario 2: LGA for 2019-2023 under a Coalition of Greater Minnesota Cities(CGMC) proposal that increases the LGA appropriation by over$30 million and makes updates to the need factors in the LGA formula. • Scenario 3: LGA for 2019-2023 under current law with cities"eased onto"the LGA formula. • Scenario 4: LGA for 2019-2023 under the CGMC proposal with cities"eased onto"the LGA formula. The CGMC proposal is contained in SF4017 from the 2018 legislative session and includes updates to the current factors used in the LGA formula to determine a city's need, and increases the current appropriation by over$30 million to$564,982,145. The "eased on" provision that is modeled in this analysis acknowledges that a city's tax base will decline with closure of a plant, and thus the existing LGA amount is not reflective of its new need.This provision works by providing each city a 2018 LGA amount that is 65.77%of its unmet need for 2019.This 65.77%number is the share of unmet need fulfilled by the 2019 LGA appropriation.That appropriation is$534,398,012 compared to a total unmet need of $814,659,086.Since LGA is based in part on the previous year's LGA, this helps account for the sudden drop in tax capacity in the wake of a plant closure. 2 Page 10 of 40 Tax Capacity and Levies To model the impact of a plant closure,each CUC member's Adjusted Net Tax Capacity(ANTC), which is the tax capacity amount used in the LGA formula, is altered by subtracting the Total Utility Tax Capacity in a city.The impact of this change can be seen in the chart on the following page. Change in ANTC 2017 ANTC(With 2018 Assumed Plant ANTC(With Assumed City 2017 ANTC Closure) 2018 ANTC Plant Closure)_ Becker $17,258,707 $4,002,189 $17,864,491 $4,024,534 Cohasset $11,016,197 $3,075,450 $11,275,828 $3,054,870 Monticello $28,412,608 $11,617,977 $30,180,787 $12,458,624 Hoyt Lakes $1,835,333 $1,119,119 $1,872,191 $1,155,965 Granite Falls $1,871,406 $1,474,200 $1,993,062 $1,585,920 Oak Park Heights $9,625,913 $5,226,241 $9,959,716 $5,245,331 Red Wing $31,513,497 $14,003,908 $33,140,103 $14,332,411 3 Page 11 of 40 City Finaces In evaluating the impact of LGA on CLIC members it is important to understand how it compares to the gap that would be left in tax capacity by closure of a power plant.The tables below demonstrate how closure of a plant would impact each city's finances. Becker 2017 2018 Current Tax Rate 39.55% 39.63% Tax Rate after removing Total Utility Tax Capacity from Tax Base 170.53% 175.94% Current Levy $6,825,003 $7,080,568 Levy if Current Tax Rate is applied to Tax Base without Total Utility Tax Capacity i $1,582,677 $1,595,119 -Amount of Levy Shifted onto Non-Utility LT"payers $5,242,326 $5,485,449 Cohasset 2017 2018 Current Tax Rate 23.60% 26.16% Tax Rate after removing Total Utility Tax Capacity from Tax Base 84.54% 96.57% Current Levy , $2,599,988 $2,950,000 Levy if Current Tax Rate is applied to Tax Base without Total Utility Tax Capacity $725,852 _ $799,220 Amount of Levy Shifted onto Non-Utility Taxpayers $1,874,135 $2,150,780 Granite Falls 2017 2018 Current Tax Rate 94.40% 93.47% Tax Rate after removing Total Utility Tax Capacity from Tax Base 119.83% 117.46% Current Levy $1,766,583 $1,862,842 Levy if Current Tax Rate is applied to Tax Base without Total Utility Tax Capacity $1,391,626 $1,482,301 Amount of Levy Shifted onto Non-Utility Taxpayers 1 $374,957 1 $380,541 4 Page 12 of 40 Hoyt Lakes 2017 2018 Current Tax Rate 77.52% 77.14% Tax Rate after removing Total Utility Tax Capacity from Tax Base 127.13% 124.93% Current Levy $1,422,682 $1,444,119 Levy if Current Tax Rate is applied to Tax Base without Total Utility Tax Capacity $867,499 $891,656 Amount of Levy Shifted onto Non-Utility Taxpayers 1 $555,182 $552,463 Red Wing 2017 2018 Current Tax Rate 68.53% 70.02% Tax Rate after removing Total Utility Tax Capacity from Tax Base 154.21% 161.91% Current Levy $21,595,526 $23,205,223 Levy if Current Tax Rate is applied to Tax Base without Total Utility Tax Capacity $9,596,579 $10,035,780 Amount of Levy Shifted onto Non-Utility Taxpayers $11,998,947 $13,169,443 Monticello 2017 2018 Current Tax Rate 32.20% 31.63% Tax Rate after removing Total Utility Tax Capacity from Tax Base 78.76% 76.63% Current Levy $9,149,885 $9,547,000 Levy if Current Tax Rate is applied to Tax Base without Total Utility Tax Capacity $3,741,408 $3,941,000 Amount of Levy Shifted onto Non-Utility Taxpayers $5,408,477 $5,606,000 Oak Park Heights 2017 2018 Current Tax Rate 53.96% 53.50% Tax Rate after removing T_tal Utility Tax Capacity from Tax Base 99.38% 101.59% Current Levy $5,193,662 $5,328,501 Levy if Current Tax Rate is applied to Tax Base without Total Utility Tax Capacity $2,819,819 $2,806,280 Amount of Levy Shifted onto Non-Utility Taxpayers $2,373,843 $2,522,221 5 Page 13 of 40 BECKER LGA MODELING Becker LGA (Current law) $16,000 $15,102 $14,000 $13,688 $12,000 $12,002 $10,000 $10,030 $8,000 $6,000 $4,000 $3,598 $2,000 $U 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$877,888 and for 2020-23 is$969,525. Becker LGA (CGMC Proposal w/$30+ million appropriation increase and formula updates) $100,000 $90,000 $86,873 $87,625 $88,368 $89,094 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $3,598 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$877,888 and for 2020-23 is$1,181,987. 6 Page 14 of 40 Becker LGA (Current Law with "Eased On" provision which provides a 2018 LGA amount = 65.77% of 2019 unmet need) $700,000 $600,000 $578,239 $580,825 $581,622 $582,305 $582,878 $500,000 $400,000 $300,000 $200,000 $100,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$877,888 and for 2020-23 is$969,525. Becker LGA (CGMC Proposal & "Eased On" Provision) $700,000 $620,905 $621,290 $621,670 $622,042 $600,000 $578,239 $500,000 $400,000 $300,000 i $200,000 $100,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$877,888 and for 2020-23 is$1,181,987. 7 Page 15 of 40 COHASSET LGA MODELING Cohasset LGA (Current Law) $7,000 $6,401 $6,000 $5,776 $5,000 $5,024 $4,154 $4,000 $3,000 $2,000 $1,424 $1,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$367,273 and for 2020-23 is$433,566. Cohasset LGA (CGMC Proposal w/$30+ million appropriation increase and formula updates) $40,000 $36,557 $36,874 $37,187 $37,493 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $1,424 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$367,273 and for 2020-23 is$499,466. 8 Page 16 of 40 Cohasset LGA (Current Law with "Eased On" provision which provides a 2018 LGA amount= 65.77% of 2019 unmet need) $300,000 $250,000 $241,788 $242,995 $243,381 $243,715 $243,992 $200,000 $150,000 $100,000 $50,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$367,273 and for 2020-23 is$433,566. Cohasset LGA (CGMC Proposal& "Eased On" Provision) $300,000 $259,965 $260,129 $260,291 $260,449 $250,000 $241,788 $200,000 $150,000 $100,000 $50,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$367,273 and for 2020-23 is$499,466. 9 Page 17 of 40 GRANITE FALLS LGA MODELING Granite Falls LGA (Current Law) $1,200,000 $1,000,000 $977,808 $979,975 $980,606 $985,135 $986,662 $988,002 $989,102 $800,000 $600,000 $400,000 $200,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$1,759,510 and for 2020-23 is$1,755,428 Granite Falls LGA (CGMC Proposal w/$30+ million appropriation increase and formula updates) $1,200,000 $1,044,053 $1,044,625 $1,045,189 $1,045,741 $1,000,000 $977,808 $979,975 $980,606 $800,000 $600,000 $400,000 l $200,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$1,759,510 and for 2020-23 is$1,883,567 10 Page 18 of 40 Granite Falls LGA (Current Law with "Eased On" provision which provides a 2018 LGA amount= 65.77% of 2019 unmet need) $1,400,000 $1,200,000 $1,161,089 $1,163,359 $1,164,517 $1,165,389 $1,166,110 $1,000,000 $977,808 $979,975 $800,000 $600,000 $400,000 $200,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$1,759,510 and for 2020-23 is$1,755,428 Granite Falls LGA (CGMC Proposal & "Eased On" Provision) $1,400,000 $1,200,000 $1,161,089 $1,210,983 $1,211,439 $1,211,891 $1,212,261 r $1,000,000 $977,808 $979,975 i $800,000 $600,000 $400,000 c $200,000 $o 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$1,759,510 and for 2020-23 is$1,883,567 11 Page 19 of 40 HOYT LAKES LGA MODELING Hoyt Lakes LGA (Current Law) $450,000 $404,858 $405,333 $406,463 $409,200 $410,123 $410,933 $411,598 $400,000 i $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$851,880 and for 2020-23 is$874,675 Hoyt Lakes LGA (CGMC Proposal w/$30+ million appropriation increase and formula updates) $500,000 $450,000 $439,666 $439,965 $440,260 $440,549 $404,858 $405,333 $406,463 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$851,880 and for 2020-23 is$879,050 12 Page 20 of 40 Hoyt Lakes LGA (Current Law with "Eased On" provision which provides a 2018 LGA amount = 65.77%of 2019 unmet need) $600,000 $561,169 $562,999 $563,617 $564,159 $564,604 $500,000 $404,858 $405,333 $400,000 $300,000 $200,000 $100,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$851,880 and for 2020-23 is$874,675 Hoyt Lakes LGA(CGMC Proposal & "Eased On" Provision) $700,000 $600,000 $561,169 $583,503 $583,704 $583,902 $584,096 $500,000 $404,858 $405,333 $400,000 - $300,000 6' $200,000 $100,000 i $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$851,880 and for 2020-23 is$879,050 13 Page 21 of 40 RED WING LGA MODELING Red Wing LGA (Current Law) $1,200,000 $1,000,000 $959,516 $974,807 $1,002,506 $1,008,901 $1,013,920 $1,017,768 �a $800,000 $794,066 $600,000 $400,000 $200,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$5,147,965 and for 2020-23 is$5,373,174 Red Wing LGA (CGMC Proposal w/$30+ million appropriation increase and formula changes) $1,600,000 $1,400,000 $1,345,199 $1,346,563 $1,347,890 $1,349,135 $1,200,000 $1,000,000 $959,516 $974,807 $800,000 $794,066 r _ $600,000 $400,000 $200,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$5,147,965 and for 2020-23 is$6,280,491 14 Page 22 of 40 Red Wing LGA (Current Law with "Eased On" provision which provides a 2018 LGA amount= 65.77%of 2019 unmet need) $4,000,000 $3,500,000 $3,377,101 $3,389,259 $3,392,127 $3,394,405 $3,396,150 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $959,516 $794,066 $500,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$5,147,965 and for 2020-23 is$5,373,174 Red Wing LGA (CGMC Proposal& "Eased On" Provision) $4,000,000 $3,579,788 $3,580,534 $3,581,258 $3,581,939 $3,500,000 $3,377,101 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $959,516 $794,066 $500,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$5,147,965 and for 2020-23 is$6,280,491 15 Page 23 of 40 MONTICELLO LGA MODELING Monticello LGA (Current Law) $35,000 $32,738 $29,826 $30,000 $26,378 $25,000 $22,314 $20,000 $15,000 $10,000 $8,708 �u $5,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$2,056,250 and for 2020-23 is$1,984,346 Monticello LGA (CGMC Proposal w/$30+ million appropriation increase and formula changes) $250,000 $200,000 $189,082 $190,711 $192,322 $193,893 $150,000 $100,000 I $50,000 $8,708 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$2,056,250 and for 2020-23 is$2,563,194 16 Page 24 of 40 Monticello LGA (Current Law with "Eased On" provision which provides a 2018 LGA amount= 65.77% of 2019 unmet need) $1,600,000 $1,400,000 $1,352,082 $1,356,362 $1,357,656 $1,358,760 $1,359,692 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$2,056,250 and for 2020-23 is$1,984,346 Monticello LGA (CGMC Proposal & "Eased On" Provision) 1460000 1440000 $1,437,600 $1,438,372 $1,439,881 $1,440,466 1420000 1400000 1380000 1360000 $1,352,082 1340000 1320000 1300000 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$2,056,250 and for 2020-23 is$2,563,194 17 Page 25 of 40 OAK PARK HEIGHTS LGA MODELING Oak Park Heights LGA (Current Law) $10,000 $9,177 $9,000 $8,260 $8,000 $7,150 $7,000 $6,000 $5,875 $5,000 $4,000 $3,000 $2,000 $1,971 $1,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$529,233 and for 2020-23 is$641,989 Oak Park Heights LGA (CGMC Proposal w/$30+ million appropriation increase and formula changes) $70,000 $63,033 $63,584 $64,127 $64,659 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $1,971 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$529,233 and for 2020-23 is$870,127 18 Page 26 of 40 Oak Park Heights LGA (Current Law with "Eased On" provision which provides a 2018 LGA amount= 65.77% of 2019 unmet need) $400,000 $350,000 $347,620 $349,406 $349,992 $350,502 $350,924 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$529,233 and for 2020-23 is$641,989 Oak Park Heights LGA (CGMC Proposal & "Eased On" Provision) $450,000 $400,000 $384,371 $384,703 $385,030 $385,350 $ $350,000 347,165 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2018 Certified 2019 Certified 2019 Est.LGA 2020 Est.LGA 2021 Est.LGA 2022 Est.LGA 2023 Est.LGA LGA LGA Note:The estimated unmet need for 2019 is$529,233 and for 2020-23 is$870,127 19 Page 27 of 40 1 1. i ■ /I w L�I 1�,rrf L J Page 28 of 40 a W O c •0 N _O U) c cu cu N O N '— Z3 O O O L — U CU LIT •c a � OC m a) (1) Q Page 29 of 40 N (7 V 3 U C N � u � v o � a c y vi m 3 u 16 o w a w U E �o a) ° Ln 0 0 CL W 41 d v � L E — O u wo en C: w� N r -a o W ^ N N C y ate+ 0s 3 u z a 3 c m 1 Z Q D. 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