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SUBJECT: 2019 UPDATE & 2020-2024 PROJECTIONS
<br />DATE: MAY 6, 2020 PAGE 3 OF 7
<br />2020-2024 Financial Projections
<br />The new 2020 estimates are the starting point for the 2020-2024 Financial Projections.
<br />The table and chart below take the 2020 estimates and apply a series of assumptions to
<br />project revenue, expenditures, and fund balances for 2021 through 2024.
<br />2017
<br />2018
<br />2019
<br />2019
<br />2O20
<br />2021
<br />2022
<br />2023
<br />2024
<br />Actual
<br />Actual
<br />Budget
<br />Actual
<br />Estimate
<br />Projection
<br />Projection
<br />Projection
<br />Projection
<br />Beginning Fund Balance
<br />31398,94O
<br />7&E1444
<br />9211851
<br />921,851
<br />111201508
<br />1,100,95E
<br />21229,058
<br />3,544,55B
<br />4,983,918
<br />Revenue
<br />Taxes
<br />79E.c-O
<br />1.2E9.070
<br />1.61E.382
<br />1.6 7.8EE
<br />1.832.070
<br />2.10E.E10
<br />2.32E.E60
<br />2,441.090
<br />2,465.210
<br />Miscellaenous Revenue
<br />21.770
<br />30.378
<br />2.000
<br />E0.692
<br />30.000
<br />1.110
<br />71.290
<br />105.290
<br />141.280
<br />Total Revenue
<br />8171410
<br />11289144B
<br />1,&17,382
<br />1,&98,547
<br />119&21070
<br />2,14&,620
<br />2139&,84O
<br />2,545,380
<br />Expenditures
<br />Suppart Services- CC
<br />25,577
<br />34,900
<br />60,000
<br />60,000
<br />60.000
<br />60,000
<br />60,000
<br />6O,OOO
<br />60,000
<br />Capital Contributions- CC
<br />455,827
<br />325,023
<br />1,188,107
<br />94B,107
<br />312,000
<br />-
<br />-
<br />-
<br />-
<br />T1F Refunds- BC & Fire
<br />56,035
<br />33,673
<br />115,500
<br />116.054
<br />212,020
<br />233,210
<br />259,370
<br />273,170
<br />274,290
<br />71F Rebates - Developers
<br />102,911
<br />192.123
<br />-
<br />-
<br />-
<br />-
<br />-
<br />-
<br />-
<br />AssistanceAgreements
<br />-
<br />-
<br />-
<br />-
<br />275,000
<br />-
<br />-
<br />-
<br />-
<br />EmergencySolutionsGrants
<br />-
<br />-
<br />-
<br />-
<br />100,000
<br />-
<br />-
<br />-
<br />-
<br />Professional Services
<br />10,897
<br />32,504
<br />7,350
<br />31,355
<br />30,650
<br />27,650
<br />27,650
<br />27,650
<br />27,6`_O
<br />Capital Contributions- DELO
<br />2.465,745
<br />127,51a
<br />-
<br />-
<br />315,000
<br />-
<br />-
<br />-
<br />-
<br />Debt Service
<br />330,914
<br />335,300
<br />497,765
<br />344,374
<br />676,950
<br />697,660
<br />734,220
<br />746.N0
<br />768,300
<br />Total Expenditures
<br />3,447,901i
<br />1,131i,041
<br />1,868,722
<br />11499189O
<br />11981,&20
<br />11018,52O
<br />110811240
<br />11107,120
<br />111301240
<br />Ending Fund Balance
<br />76-61444
<br />921,851
<br />670,511
<br />11120,508
<br />1110019H
<br />2,229,05E
<br />3,544,4558
<br />4,983,91E
<br />61460117E
<br />Agenda Packet P. 17
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