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The 2013 Budget also reflects savings associated with the following: <br />• Eliminating the costs associated with the Citizen Survey which we do not do every year <br />($23,150 in 2012) <br />• Lower elections costs because we do not anticipate having any ballot measure on the <br />2013 the election ($21,000) <br />• Lower costs for the Boulder Communications Center (dispatch services ($28,800). <br />• Lower costs associated with the new contract for Custodial Services ($9,500) <br />The graph below illustrates the long -term financial forecast for the General Fund. This forecast <br />is part of the City's Long -Term Financial Plan and includes the following assumptions: <br />• Sales Tax Revenue: +5.0% in 2012, +3.5% in 2013, annual average of +3.0% for 2014 <br />through 2017. <br />• Property Tax Revenue. -2.2% in 2012, +1.3% in 2013, annual average +3.4% for 2014 <br />through 2017. <br />• Consumer Use Tax: +50.0% in 2012, +3.0% in 2013, annual average of +1.3% for 2014 <br />through 2017. <br />• Building Use Tax: +66.8% in 2012, -47.0% in 2013, annual average of -12.0% for 2014 <br />through 2017. <br />• Employee Salaries and Wages: +3.6% annual average from 2013 through 2017 (for <br />budget purposes this assumes no salary savings from vacant positions /turnover) <br />• Employee Benefits (including FICA, Retirement, Health, and Workers' Comp) +6.1% <br />annual average from 2013 through 2017. <br />• Total General Fund revenues, excluding interfund transfers, are projected to increase at <br />an average annual rate of about 1.6% from 2013 through 2017. <br />• Total General Fund expenditures, excluding interfund transfers, are projected to <br />increase at an average annual rate of 2.6% from 2013 through 2017. <br />20,000,000 <br />18,000,000 <br />16, 000,000 <br />14, 000, 000 <br />12,000,000 <br />10,000,000 <br />8.,000,00.11 <br />6,000,1300 <br />4,000 , GOO <br />2,000,040 <br />General Fund Forecast <br />Transfer to Capital <br />Projects Fund = <br />Includes One-Time Transfer <br />for Property Acquisition <br />$50LD,0 -00 per year <br />(2014 & 2015) <br />Includes One-Time <br />Grants & Transfers — <br />Transfer to Capital <br />Projects Fund = $2M, <br />Transfer to Historic <br />Preservation Fund = <br />$1.5M (repayment in <br />2013- 2018). <br />t �ry D'h �h O O'i # _�,Q' C4 ��' R fin' N!' 4'3 <br />'fit 9 lo `l q .1'3 'La' 'IP 'y 'Iii 'UCH 'L? 'L4 <br />- Revenue <br />- Expenditures <br />Fund Balance <br />- Miniintiin <br />11 <br />