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Special Council Meeting <br />3-10-08 <br />Page 3 <br />Mr. Saponaro stated that you have additional police department funding that kicks in <br />2009. Mr. Brett stated that is if you elect to do that. He was working that into there for <br />analysis. Council President asked if that alone is enough to make the difference. <br />Mr. Saponaro stated that the Parkview Golf Course which dropped off at 2006 on this one <br />is continued on. <br />Mr. Marquardt stated that he thinks the years are off by one. Both years had the fire <br />station and the underpass in them. <br />Mr. Brett stated that fi•om 2007 on there is no short term debt included in this 203 from <br />last year. The $2.1 stops in 2007, the 175 stops in 2007, the 175 below that stops in 2007 and <br />the 900,000.00 stops in 2007 and goes to 650. That is going to drop that number to $13 million. <br />Mr. Marquardt asked what caused this change. Mr. Brett did not include short term debt <br />in 2006 but did include it in 2008. Mr. Marquardt asked where. Mr. Brett answered on the top. <br />In 2007 you don't get any debt until you hit the Ohio Public Works Commission. Mr. <br />Marquardt asked what line he is on. Mr. Brett replied, 2007, the first number. <br />Council President Buckholtz stated that you have $1.85 million at the top in '06 that is <br />not in '07, so that is close to $2 million. You have $2 million on the golf course in '06 that is <br />not included in ' 07, ' 08 or on. <br />Mr. Brett said that the numbers below that are just breaking out the expenses. <br />Mr. Marquardt asked why we did not have it in last year. Mr. Brett replied that it is in <br />there, it is just not compiled with the long term debt. The 375 was what was estimated last year <br />under the sale of long term debt. That is what we estimated and then we bumped it to take care <br />of some properties that had become available. <br />Mr. Marquardt stated that the sale of short term or long term debt down below is staying <br />flat. Mr. Brett stated we actually only issued $3,810,000 so that is off by 60. The rest was the <br />other things that came up, the Stabile property and some of the properties on Wilson Mills. <br />Council President Buckholtz stated that basically we spiked a little bit in 2006. Mr. <br />Marquardt said the end of 2006 which is 2007, but it was shown to be tapering off last year and <br />it is not tapering off now, we are holding between the long term and the short term is <br />somewhere around $23-24 million. <br />Mr. Brett stated that if you strip the short term out of the long term here, you are going to <br />get a number that is closer to the $13,146,000. Mr. Saponaro asked Mr. Brett to take off the <br />short term. Mr. Brett replied 2007, 2008 beginning of this year, knock out the 1.5, knock out the <br />450, knock out the 750, knock out the 1,110,000 and you will come up with 26383.7, so you are <br />at roughly $15 million. That reflects the additional houses on Wilson Mills and Stabile.