Page 80 - FY 24 Budget Forecast at Adoption.xlsx

FY 2023-24 Five-Year Operating Fund Outlook

General Fund

FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29

Revenues
Property Tax 20,350,281 20,880,498 21,331,055 19,824,126 20,767,730
Sales Tax 9,569,289 9,808,521 10,053,734 10,305,078 10,562,705
Other Taxes 5,047,996 5,047,996 5,047,996 5,047,996 5,047,996
Licenses and 638,081 625,319 612,813 600,557 588,546
Permits
Charges for 1,693,888 1,744,704 1,797,045 1,850,957 1,906,485
Service
Fines and Fees 645,684 645,684 645,684 645,684 645,684
Development Fees 183,713 180,039 176,438 172,909 169,451
Intragovernmental 1,739,347 1,791,527 1,845,273 1,900,631 1,957,650
Intergovernmental 4,459,823 4,593,617 4,731,426 4,873,369 5,019,570
Other Revenue 534,615 550,654 567,173 584,189 601,714
Transfers In - - - - -
Total Revenue $ 44,862,716 $ 45,868,560 $ 46,808,637 $ 45,805,494 $ 47,267,530

Expenditures
Personnel services 29,157,393 30,177,902 31,234,128 32,327,323 33,458,779
Operations & 3,228,164 3,325,009 3,424,759 3,527,502 3,633,327
maintenance
Services & other 9,996,205 10,296,091 10,604,973 10,923,123 11,250,816
Transfers to other 673,167 673,167 673,167 673,167 673,167
funds
Capital outlay - - - - -
Future Anticipated 2,188,250 833,275 319,878 1,010,140 972,696
needs
Total $ 45,243,179 $ 45,305,443 $ 46,256,905 $ 48,461,255 $ 49,988,786
Expenditures

Variance $(380,463) $563,116 $589,596 $(2,655,760) $(2,721,255)

Five-Year Outlook Notes:

 One-time CIP project transfers for future years include $1,900,000 in FY 2024-25 and $550,000 In FY 2025-
26. The related project are listed in the Five-Year CIP plan.
 FY 2027-28 includes the purchase of a third frontline ambulance for $650,000 and the associated personnel
of $600,000 begins in FY 2028-29. 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 annual contract street repairs and maintenance of $250,000 which is also included
for budget forecasting purposes but the need will be determined based upon service level demand.
 FY 2027-28 anticipates issuing $17 million in debt which would shift property tax from the General Fund
and negatively impacts fiscal years FY 2027-28 thru FY 2029-30. The forecast assumes the debt has a full
payment in the year it is issued and that the debt schedule is includes standard annual payments. When
future debt is issued, it will likely be mid-year which will reduce the first year obligation and annual
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