HomeMy WebLinkAboutWORKSHOP attch General Fund Budget ProjectionsDRAFT 2023-2027 Budget Projection and Five-Year Budget Outlook
Updated 7-12-22
2023 2024 2025 2026 2027
GENERAL FUND 2021 2022 2022 Projected Projected Projected Projected Projected
Actual Budget Projected Budget Budget Budget Budget Budget
Beginning Fund Balance 8,099,611 6,952,740 6,952,740 6,250,190 5,585,463 5,080,785 4,746,801 4,594,663
Revenues 20,396,099 22,254,282 22,967,975 23,777,322 24,609,528 25,470,862 26,362,342 27,285,024
Additional Sales Tax Projected 862,661
New Revenues 156,227
One time funds Received 1,965,795 470,929
One time funds Received
Other One time revenues
TOTAL REVENUES 23,224,555 22,881,438 22,967,975 23,777,322 24,609,528 25,470,862 26,362,342 27,285,024
Expenditures Base Budget (21,670,500)(23,363,970)(25,328,548)(26,025,084)(26,740,773)(27,476,145)(28,231,739)
To Capital Improvement Fund
One time costs (3,456,494)(1,355,316)
Other one time costs
Unbudgeted COVID costs
Budget Cuts
Additions to base budget (617,778)(1,346,809)
Other additions to base
TOTAL EXPENDITURES:(24,371,426)(26,066,095)(23,670,525)(25,328,548)(26,025,084)(26,740,773)(27,476,145)(28,231,739)
Year-End Adjustments
Interfund Loan Reimb.
Estimated carryover 912,313 886,499 910,878 935,927 961,665 988,111
Ending Fund Balance 6,952,740 4,680,396 6,250,190 5,585,463 5,080,785 4,746,801 4,594,663 4,636,060
Recomd. Reserves - 15% of Expend. 2019 3,655,714 3,909,914 3,550,579 3,799,282 3,903,763 4,011,116 4,121,422 4,234,761
Revenue Stabilization Reserve
Reserved for one-time following year
Unreserved Fund Balance 3,297,026 770,482 2,699,611 1,786,181 1,177,023 735,685 473,242 401,299
Diff. in Rev and Expendi (no carryover):(1,146,871)(3,184,657)(1,551,226)(1,415,555)(1,269,912)(1,113,803)(946,715)