Laserfiche WebLink
25,000,000 - <br />20,000,000 <br />15,000,000 <br />10,000,000 <br />5,000,000 <br />General Fund Forecast <br />Transterto Capital <br />Projects Fnnti = $5r.1 <br />Includes One -Time Transfer <br />for Property Acquisition <br />IntIudas Dne -Time <br />Grants & Transfers <br />Transfer to C <br />Projects Fund <br />Transferto Capital Projects <br />Fund =$2M. Transferto <br />Historic Preservation Fund = <br />$1.5r1 (repayment in 2013- <br />2015). <br />Oc` ,:z5A Ort' £5``J O� O� �$ c:56) x4 ti^ tit ,`'S ,�b. <br />19 ,yd 19 -19 ,y0 r10 14 ,kQ 19 19 99 n9 19' 19 19 19 <br />pital <br />= $1.1r,1. <br />- Revenue <br />� E xpenditu res <br />Fund Balance <br />� r.9inimum <br />As the graph indicates, based on all of the inter -fund transfers, revenue assumptions, <br />and expenditure targets, the General Fund reserves would stay above the minimum <br />desirable level (15% of projected expenditures) through 2019. Please keep in mind that <br />these amounts do not include departmental operational budget requests for 2015. <br />As previously discussed, we have developed preliminary five -year financial plans for all <br />the funds containing capital projects. These forecasts were developed by using the <br />assumptions and targets mentioned previously, coupled with the recommended C -I -P. <br />The next line graph shows a fourteen -year history, current year estimate, and a five -year <br />projection of Capital Projects Fund revenue, expenditures, and fund balances assuming <br />approval of the recommended C -I -P. Note that the fund reserves are projected to <br />decline from current levels and some minor intermediate short -term financing may be <br />needed in 2015 and 2016. However, once we complete several major projects, the <br />Capital Projects Fund will once again be able to maintain an adequate reserve and pay <br />for a normal level of capital projects. <br />VII <br />12 <br />