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GENERAL FUND FORECAST
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<br />CASSELBERRY
<br />The forecast for the General Fund after FY 2012 is favorable and is essentially in balance through FY
<br />2021. The chart below assumes a fixed millage rate at 5.45 mills as property values stabilize through
<br />2014. Reclining ad valorem tax revenue is projected to decline even further. The levy will be set to roll
<br />back thereafter and millage rates will decline as property values depict a slight recovery, To achieve this
<br />result, the following assumptions were incorporated into the long range forecast:
<br />• Taxable values will decrease an additional 3% in FY 2013 and remain flat thereafter
<br />• Most revenues will grow between 1% — 2%, except the Utility Transfer, which is anticipated
<br />to grow at 2% in FY13 and thereafter.
<br />• Revenues as proposed in FY12 for ALS fees will be reflected through FY 2021.
<br />• Personnel costs will increase 1% for FY13 and FY14 with an increase of 2% thereafter.
<br />• Capital Improvements reflect the Proposed Capital Improvement Plan through FY16 and an
<br />annual allowance thereafter of $500,000.
<br />• General Fund will support capital lease payments for Fire Rescue and Police fleet and
<br />apparatus replacements.
<br />• Long-term debt issues (other than the City Center and Lake Concord properties) will mature
<br />as scheduled within the projection period.
<br />General Fund Budget Forecast
<br />�.
<br />20,500,000
<br />---
<br />20,000,000
<br />—
<br />19,500,000
<br />--
<br />19,000,000
<br />— --- — —
<br />Y
<br />P X:.�
<br />P y t
<br />18,500,000
<br />Y 6
<br />Revenues
<br />i
<br />Expenditures
<br />1810p01000
<br />18,291,258
<br />18,238,642
<br />18,405,306
<br />18,586,999 18,851,033
<br />19,116,967
<br />19,384,547
<br />19,653,741
<br />19,924,746
<br />17,500,000
<br />Expenditures
<br />18,073,721
<br />17,000,000
<br />-, - - - ,- ---- �--,-- -7-
<br />F
<br />18,381,018
<br />FY FY FY FY FY FY FY FY FY FY FY
<br />19,109,293
<br />19,329,715
<br />2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
<br />19,826,180
<br />20,157,732
<br />�.
<br />�:...
<br />1'
<br />,`
<br />f
<br />P X:.�
<br />P y t
<br />5°.,
<br />Y 6
<br />!~
<br />i
<br />Revenues
<br />18,073,721
<br />18,291,258
<br />18,238,642
<br />18,405,306
<br />18,586,999 18,851,033
<br />19,116,967
<br />19,384,547
<br />19,653,741
<br />19,924,746
<br />20,197,528
<br />Expenditures
<br />18,073,721
<br />18,291,258
<br />18,280,150
<br />18,301,834
<br />18,381,018
<br />18,809,276
<br />19,109,293
<br />19,329,715
<br />19,451,173
<br />19,826,180
<br />20,157,732
<br />A-15
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