City of Lawrence
				Available Debt Service Funds
				With 2008 CIP Projects
		Assessed	Debt	Property Tax	Other	Debt	Net	Ending
	Year	Value*	Levy**	Revenue	Revenue	Service***	Income	Fund Balance
	2000	498,663,930	6.71	3,668,190	929,170	4,800,085	-202,725	7,947,026
	2001	545,451,921	6.75	4,051,274	806,224	5,165,537	-308,039	7,638,987
	2002	593,159,174	7.12	4,366,170	1,140,000	6,137,522	-631,352	7,007,635
	2003	629,033,427	7.13	4,410,000	2,744,000	6,624,510	529,490	7,537,125
	2004	674,353,182	7.10	4,700,233	2,089,000	6,029,126	760,107	8,297,233
	2005	718,149,570	7.07	4,978,998	1,955,000	7,461,061	-527,063	7,770,169
	2006	776,860,997	7.05	5,310,303	1,280,000	7,069,376	-479,073	7,291,096
	2007	824,365,924	7.01	5,765,441	2,781,261	8,101,223	445,479	7,736,575
	2008	853,590,988	7.01	5,923,836	995,000	7,898,410	-979,574	6,757,001
	2009	853,590,988	7.01	5,923,836	950,000	8,076,381	-1,202,545	5,554,456
	2010	870,662,808	7.01	6,042,313	930,000	8,160,206	-1,187,893	4,366,564
	2011	888,076,064	7.01	6,038,651	890,000	7,637,092	-708,441	3,658,123
	2012	905,837,585	7.01	6,286,422	890,000	8,206,271	-1,029,848	2,628,274
	2013	923,954,337	7.50	6,860,361	890,000	8,500,410	-750,049	1,878,225
		*   Assumes 2% growth in Assessed Value after 2009
		**  Assumes a mill levy change in 2013
		*** Assumes following CIP Budget-
		$3,400,000 in 2008; $6,500,000 in 2009, and $5,000,000 annually thereafter
		Above debt service is for at-large property tax debt only, not debt paid from other sources
	A fund balance is required to make up for any unpaid special assessments, avoid large
	changes in the levy, help cushion any unperceived slow downs in assessed valuation growth,
	and cover a possible disruption in property tax payments.