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General Fund Expenditure Uses (excluding interfund transfers) Culture & Recreation 31% Public Works 15% General Government 23% Public Safety 31% Long -Term General Fund Forecast As in past years, in 2011 we will continue the policy of maintaining a General Fund reserve of at least 15% of current year expenditures. In fact, as stated in the introduction, we expect to increase the General Fund reserve to $5 million or about 39% of current year expenditures. We think this level of reserve is prudent in this uncertain economic environment. The graph below illustrates the long -term financial forecast for the General Fund. This forecast is part of the City's Long -Term Financial Plan and includes the following assumptions: • Does not include projected revenue from the new Consumer Use Tax. • Does not include fiscal impacts of ConocoPhillips development. • Sales Tax Revenue. -2.5% in 2010, -1.0% in 2011, flat for 2012 through 2013, average +1.5% for 2014 through 2015 • Property Tax Revenue. +4.4% in 2010, -0.1% in 2011, average +1.75% for 2012 through 2015 • Employee Compensation. +2.6% annual average from 2010 through 2015 • Employee Benefits (including FICA, Retirement, Health, and Workers' Comp) +5.9% annual average from 2010 through 2015 • Total General Fund revenues are projected to increase at an average annual rate of about 0.8% from 2010 through 2015 • Total General fund expenditures are projected to increase at an average annual rate of 2.8% from 2010 through 2015 5