Page 88 - FY 24 Budget Forecast at Adoption.xlsx

FY 2023-24 Five-Year Operating Fund Outlook

 Transfers to other funds relate to capital maintenance programs such as line repairs/replacements, tank
maintenance, utility relocations, etc. and are included in the five-year CIP.
 The Capital Outlay reflects capital maintenance at Municipal Service Center.
 FY 2026-27 thru FY 2028-29 reflect negative fund variances and reflect the proposed debt issuances for
various capital projects. However, the city is currently working on several Master Plan updates that will
better identify capital maintenance and project needs. Once completed, the five-year CIP and the rate
model will be updated to ensure an operational balanced budget for each year while being sensitive to rate
adjustments.

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