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20,000,000 18,000,000 16.000,000 14,000,000 12.000,000 10,000,000 8,000,000 6,000.000 4,000,000 2.000,000 General Fund Forecast Transfer to Capital Protects Fund = Includes One -Tune for Property Acquisition Transfer $500,000 peryear (2014 & 2015) Includes One -Time Grants & Transfers --- ---> Transfer to Capital Projects Fund = $2M. Transfer to Historic Preservation Fund = S1.5t.1 (repayment in 2013- 2018). �4 et. rt. t ,LO 1d 1. eO et. �O �q et. �4 ti0 et. et. . - Revenue Expenditures FundBalance - ni mum Conservation Trust Fund • Staff projects total fund revenue will increase at an average annual rate of 1.9% from 2012 through 2017. The 2013 budget increases operating expenditures from a 2012 estimate of $1.12 million to a 2013 budget of $1.18 million. From 2013 through 2017, staff projects operating expenditures (excluding capital) will increase at an average annual rate of 4.0 %. • The Conservation Trust Fund will provide 25% of the funding needed in 2012 ($37,500 for design) and 2013 ($1,623,650 for construction) for the City Services Facility project. This is consistent with the level of equipment and staff devoted to Open Space, Parks and Trails operations and maintenance that is currently and will continue to be stored and based at that Facility. • The Conservation Trust Fund will provide 50% of the funded needed in 2012 ($85,000 for design) and 2013 ($700,000 for construction) for the McCaslin /Washington Underpass. This is consistent with the significant connection the underpass will provide between the Davidson Mesa Open Space, the Harper Lake /Leon A. Wurl Wildlife Sanctuary, and the Coyote Run Open Space. • Other than contributing a portion of the funding for the City Services Facility, McCaslin /Washington Underpass, and other smaller capital projects, staff has either eliminated or shifted to the General Fund other expenditures that would cause Conservation Trust Fund expenditures to exceed anticipated revenue. As a result, staff expects the Conservation Trust Fund reserves to remain at approximately $4 million through the end of 2017 and provide sufficient resources to fund high priority open space land acquisitions that may become possible during this period. The graph below illustrates the long -term financial forecast for the Conservation Trust — Land Acquisition Fund. This forecast is part of the City's Long -Term Financial Plan and includes the same assumptions as the General Fund for sales and use tax revenue, salaries and wages, and employee benefits. 7