Laserfiche WebLink
16.000.000 <br />14.000.000 <br />12.000.000 <br />10.000.000 <br />8.000.000 <br />6.000.000 <br />4.000.000 <br />2.000.000 <br />Includes One -Time Transfer <br />for Property Acquisition <br />Includes One -Tine <br />Grants 8 Transfers <br />General Fund Forecast <br />o` oti o` ' o o o � o� � ° 1` ,ti �� �° „„4.3 , d o , , ,yo 1.9 d o , , ry o , , , , d o , <br />- Revenue <br />- Expend itums <br />Fund Balance <br />- Minirur <br />Conservation Trust Fund <br />• Revenue is projected to remain relatively flat from 2010 to 2011. A State GOCO Grant <br />results in total fund revenue increasing by 3.4% in 2011. <br />• Operating expenditures are budgeted to increase from a 2010 budget of $1,037,660 to <br />$1,083,720. A portion of this increase is due to the allocation of additional overhead costs <br />to the Conservation Trust Fund. <br />• Capital projects expenditures are budgeted at $646,170 for 2011. No specific land <br />acquisitions are planned for 2011. However, reserve funding available for this purpose will <br />be carried over to subsequent years for future high priority land acquisitions. <br />• The Conservation Trust Fund will provide 25% of the funding needed in 2011 ($25,000 for <br />design) and 2012 ($850,000 for construction) for the City Shops Remodel project. This is <br />consistent with the level of equipment and staff devoted to Open Space, Parks and Trails <br />operations and maintenance that is currently and will continue to be stored and based at <br />that facility. <br />• Even with the added operating and capital expenses, the reserves in the Conservation Trust <br />Fund are expected to remain over $5 million through 2015. <br />• The following graph illustrates the long -term financial forecast for the Conservation Trust — <br />Land Acquisition Fund. This forecast is part of the City's Long -Term Financial Plan and <br />includes the same assumptions as the General Fund for sales tax revenue, salaries and <br />wages, and employee benefits. This graph assumes the reauthorization by voters of the <br />existing 0.375% tax for open space and parks. As the graph suggests, in addition to <br />securing approval to reauthorize the existing tax, we will need to trim expenses or increase <br />revenues to maintain the reserve necessary to acquire high priority open space properties if <br />they become available and to continue maintaining existing open space, parks and trails. <br />6 <br />