Page 72 - Microsoft Word - FY 2021 tax info sheet

FY 2021‐22 Five‐Year Operating Fund Outlook

General Fund

FY 2022‐23 FY 2023‐24 FY 2024‐25 FY 2025‐26 FY 2026‐27

Revenues
Property Tax 20,271,321 20,279,808 20,456,925 20,940,548 21,435,666
Sales Tax 7,416,236 7,638,723 7,867,885 8,103,921 8,347,039
Other Taxes 4,422,869 4,511,326 4,601,553 4,693,584 4,787,456
Licenses and 793,867 777,989 762,430 747,181 732,237
Permits
Charges for 465,157 479,112 493,485 508,290 523,539
Service
Fines and Fees 1,795,038 1,795,038 1,795,038 1,795,038 1,795,038
Development Fees 175,492 171,982 168,542 165,171 161,868
Intragovernmental 1,666,159 1,716,144 1,767,628 1,820,657 1,875,277
Intergovernmental 3,614,845 3,723,290 3,834,989 3,950,038 4,068,540
Other Revenue 228,412 235,264 242,322 249,592 257,079
Transfers In ‐ ‐ ‐ ‐ ‐
Total Revenue $40,849,395 $41,328,677 $41,990,796 $42,974,020 $43,983,738

Expenditures
Personnel services 26,690,275 27,624,434 28,591,289 29,591,985 30,627,704
Operations & 3,109,829 3,172,026 3,235,466 3,300,175 3,366,179
maintenance
Services & other 8,536,465 8,707,194 8,881,338 9,058,965 9,240,144
Transfers to other 290,667 290,667 290,667 290,667 290,667
funds
Capital outlay ‐ ‐ ‐ ‐ ‐
Future Anticipated 5,336,500 2,203,500 3,440,500 1,798,250 1,419,025
needs
Total $43,963,735 $41,997,821 $44,439,260 $44,040,042 $44,943,719
Expenditures

Variance $(3,114,340) $(669,144) $(2,448,464) $(1,066,022) $(959,981)

Five‐Year Outlook Notes:

 One‐time CIP project transfers for future years include $4,900,000 in FY 2022‐23, $687,500 in FY 2023‐24,
$1,925,000 In FY 2024‐25, and $412,500 In FY 2025‐26. The related project are listed in the Five‐Year CIP
plan.
 FY 2024‐25 includes the addition of a third frontline ambulance and associated personnel with a one‐time
cost of $300,000 and on‐going expenses of $600,000. The cost has been included for budget forecasting
purposes, though actual need for a third ambulance will be based upon call volumes.
 FY 2024‐25 also includes patching program of $150,000 annually and a one‐time purchase of $180,000 for
a patching truck.
 Starting in FY 2020‐21, the sidewalk repair and construction project funding is increasing by 10% annually.
 FY 2023‐24 anticipates issuing a CO for debt capacity demonstration purposes, which would shift property
tax from the General Fund and negatively impacts fiscal years FY 2023‐24 thru FY 2025‐26. The forecast

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