5-Year
General
Fund
Financial
Forecast
(Updated)
GENERAL FUND
FIVE-YEAR FINANCIAL FORECAST
Adopted
Budget
FY 23-24
Proposed
Budget
FY 24-25
FY 25-26
Forecast
FY 26-27
Forecast
FY 27-28
Forecast
FY 28-29
Forecast
Beginning Fund Balance $29,248,686 $27,011,519 $22,585,905 $14,541,101 $6,467,063 ($1,052,905) Revenues 120,671,857 127,716,541 132,718,771 136,884,092 141,521,223 145,289,850 Transfers In 7,150,000 1,320,164 578,087 578,087 578,087 578,087 Transfers In from Traffic Safety Fund 200,000 200,000 200,000 200,000 200,000 200,000 Transfers In from IT Fund - Server Repl. Loan - 378,087 378,087 378,087 378,087 378,087 Transfers In from ARPA - Revenue Replacement 6,950,000 742,077 - - - - Revenues & Transfers In Total 127,821,857 129,036,705 133,296,858 137,462,179 142,099,310 145,867,937 Expenditures (120,884,437) (132,859,319) (138,415,386) (142,832,690) (146,752,004) (151,642,714) Transfers Out (4,174,587) (5,603,000) (2,926,276) (2,703,526) (2,867,274) (3,038,000) Transfers Out to Infrastructure Fund (2,674,587) (2,926,062) (2,926,276) (2,703,526) (2,867,274) (3,038,000) Transfers Out to CIP Fund - Residential Streets (1,500,000) (1,000,000) - - - - Transfers Out to IT Fund - IT Projects - (1,676,938) - - - - Expenditures & Transfers Out Total (125,059,024) (138,462,319) (141,341,662) (145,536,216) (149,619,278) (154,680,714) Net Operating Surplus/(Deficit) $2,762,833 ($9,425,614) ($8,044,804) ($8,074,037) ($7,519,968) ($8,812,777) Ending Fund Balance $27,011,519 $22,585,905 $14,541,101 $6,467,063 ($1,052,905) ($9,865,682) 10% Contingency Reserve (Minimum) $12,088,444 $13,285,932 $13,841,539 $14,283,269 $14,675,200 $15,164,271 17% Contingency Reserve (Goal) $20,550,354 $22,562,515 $23,530,616 $24,281,557 $24,947,841 $25,779,261 Over/(Under) 10% Contingency Reserve 14,923,075 9,299,973 699,562 (7,816,206) (15,728,105) (25,029,953) Over/(Under) 17% Contingency Reserve 6,461,165 23,390 (8,989,515) (17,814,494) (26,000,746) (35,644,943)