2013 BUDGET - Laserfiche WebLink

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• Eliminating the costs associated with the Citizen Survey which we do not do every year ($23,150 in 2012) • Lower elections costs because we do not anticipate having any ballot measure on the 2013 the election ($21,000) • Lower costs for the Boulder Communications Center (dispatch services ($28,800) • Lower costs associated with the new contract for Custodial Services ($9,500) Long -Term General Fund Forecast As in past years, in 2013 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 2013, we expect to maintain a General Fund reserve of $3.7 million, or about 26% of 2013 expenditures (excluding transfers and net of turnback). At the end of 2017, General Fund reserves are projected at $3.3 million, or about 20% of expenditures (excluding transfers and net of turnback). We think this level of reserves in the General Fund is adequate and prudent. 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: • Sales Tax Revenue: +5.0% in 2012, +3.5% in 2013, annual average of +3.0% for 2014 through 2017 • Property Tax Revenue. -2.2% in 2012, +1.1% in 2013, annual average +3.4% for 2014 through 2017 • Consumer Use Tax: +50.0% in 2012, +3.0% in 2013, annual average of +1.3% for 2014 through 2017 • Building Use Tax: +66.8% in 2012, -47.0% in 2013, annual average of -12.0% for 2014 through 2017 • Employee Salaries and Wages: +3.6% annual average from 2013 through 2017 (for budget purposes this assumes no salary savings from vacant positions /turnover) • Employee Benefits (including FICA, Retirement, Health, and Workers' Comp) +6.1% annual average from 2013 through 2017 • Total General Fund revenues, excluding interfund transfers, increasing at an average annual rate of about 1.5% from 2013 through 2017 • Total General Fund expenditures, excluding interfund transfers, increasing at an average annual rate of 2.5% from 2013 through 2017 6