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General Fund Expenditure Uses (excluding interfund transfers) General Government Culture&Recreation 24% 31% 1111111r Public Works 14% Public Safety 31% Long-Term General Fund Forecast As in past years, in 2012 we will continue the policy of maintaining a General Fund reserve of at least 15% of current year expenditures. In fact, at the end of 2012, we expect to maintain a General Fund reserve of $4.1 million or about 26% of 2012 expenditures. This includes a transfer of$2 million from the General Fund to the Capital Projects Fund in 2012, with $1 million expected to be transferred back to the General Fund in 2016. This would maintain a projected General Fund reserve of$3.8 million or about 25% of expenditures in 2016. We think this level of reserves in the General Fund is adequate and 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 fiscal impacts of ConocoPhillips development. • Sales Tax Revenue: +1.0% in 2011, 0% in 2012, +1.0% in 2013, average +2.0% for 2014 through 2016 • Property Tax Revenue: +0.2% in 2011, -2.0% in 2012, average +1.3% for 2013 through 2016 • Building Related Revenue (construction permits, tap fees, impact fees, etc.): For 2011, varies from +25% for construction permits to +200% for tap fees, +19% in 2012, +31% in 2013, -47% in 2014, -21% in 2015, 0% in 2016. • Utility Fees: +6.0% annual increase in water user fees for years 2012 through 2016. +4.0% annual increase in wastewater user fees for years 2012 through 2016. No increase in Storm Water fees through 2016. All are subject to possible utility rate study. • Employee Salaries and Wages: +3.1% annual average from 2012 through 2016 (for budget purposes this assumes no salary savings from vacant positions/turnover) 5