Page 86 - FY 24 Budget Forecast at Adoption.xlsx

FY 2023-24 Five-Year Operating Fund Outlook

Street and Sidewalk Improvements Fund

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

Revenues
Sales Tax 2,392,322 2,452,130 2,513,434 2,576,269 2,640,676
Other Revenue 11,827 12,182 12,548 12,924 13,312
Total Revenue $2,404,150 $2,464,313 $2,525,981 $2,589,194 $2,653,988

Expenditures
Operations & 10,300 10,609 10,927 11,255 11,593
maintenance
Transfer to Other 2,345,414 2,345,414 2,345,414 2,345,414 2,345,414
Funds
Future Anticipated 800,000 550,000 - - -
needs
Total Expenditures $3,155,714 $2,906,023 $2,356,341 $2,356,669 $2,357,007

Variance $(751,564) $(441,710) $169,640 $232,525 $296,981

Five-Year Outlook Notes:

 The Street and Sidewalk Improvements Fund cash funds the city’s annual street maintenance package.
There is no fund balance requirement for the fund, so actual adopted costs matches as close to revenues
as possible.
 The five-year CIP includes a one-time transfers for sidewalks improvements of $550,000 in FY 2024-25 and
a one-time transfer of $550,000 in FY 2024-25 for a total cost of $1,100,000. In addition, FY 2024-25
includes a one-time transfer of $250,000 for Alley Rehab Design.

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