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Wate r <br />Wastewate r <br />Storm Wate r <br />We ig Ihted Ave rage <br />2019 2020 2021 2022 2023 2024 <br />0.0% 1.2% 1.6% 1. 7% <br />7.0% 4.0% 4.0% 4.0% <br />14 .5% 16.5% 4. 4. <br />5.5% 4.5% 3.2% 3.3% <br />1 .3% 1.6% <br />3.5% 3.1% <br />3. <br />2.9% 2. 6 <br />Golf Course Fund <br />Incorporating the revenue assumptions, the operating expenditure targets, interfund transfer <br />projections, and the Capital Improvements Plan into the long-term financial planning model results in <br />the following graph, which summarizes a history and six -year projection of revenue, expenditures, and <br />reserves (defined as working capital) for the Golf Course Fund. <br />7..000.000 <br />6,000.000 <br />5..000,000 <br />4,0130,000 <br />3,000,000 <br />2..0130..000 <br />1,000..000 <br />(1,000..000) <br />Golf Course Fund <br />91, <br />w 1 i <br />2003 2009 2010 2011 2012 2013 2014 Z015 2015 2017 2018 2019 2020 2021 <br />• Revenue - Expenditures * WorkingCapi al <br />2022 20 <br />• <br />201 <br />Beginning in 2021, the Golf Course capital budget is scheduled to be funded by the Capital Projects <br />Fund. However, even with this change, the revenues generated by the Golf Course do not appear <br />sufficient to meet the operating expenses over the long term. During 2019, staff, the Finance <br />Committee, and the City Council will be working on additional methods of funding for the Golf Course. <br />The Finance Committee is also working on quantifying future capital asset renewal and replacement <br />reserves for the Golf Course Fund. <br />20 <br />