Page 115 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Section 2 Financial Analysis
Long Term Forecast Assumptions

TOTAL EXPENDITURES AND OTHER USES
Salary and wages increase annually by 2.5%
Service Expenditures increase annually by 1%
Rent and Utilities increase annually by 1%
Supplies increase annually by 1%
Repair and Maintenance increase annually 1.25%
Travel and training increase annually by 1%
Debt remains flat
Westlake Academy reserve - $ 315K/ annually
Capital Outlay remains flat thru 2023

UTILITY FUND

Revenues and Other Sources increase annually by 2%
Expenditures and other uses increase annually 1% to 2%
Restricted Funds were added for Hillwood

VISITOR ASSOCIATION FUND

Revenues and Other Sources increase annually by 1%
o Hotel 1 added in 2020 thru 2023
o Hotel 2 added in 2020 thru 2023
o Hotel 3 added in 2021 thru 2023
Expenditures increase annually . 05 to 1%

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