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Agenda Item - 2021-03-18 - Number 9 - Six-year Financial Forecast
Six Year Financial Forecast Uo0,A 0o 2020 2021 2022 2023 2024 2025 2026 Base inflation rate 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% Energy inflation rate 2% 2.0% 2.0% 1.0% 1.0% 1.0% 1.0% Medical inflation rate 7.0% 6.0% 5.0% 5.0% 5.0% 5.0% 5.0% Blended PERS Rate 26% 26% 27% 27% 30% 30% 33% New development 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% Street Transfer($000) $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 WEB/Parks $0 $0 $0 $0 $0 $0 $0 Golf $0 $0 $0 $0 $0 $0 $0 Operations Ctr $0 $0 $0 $0 $0 $0 $0 Other 350 350 350 350 350 350 350 Projected Departmental Revenues and Expenditures, Final Year $20,000 $18,000 $16,000 $14,000 g $12,000 3 $10,000 •Tot Rev • Exp Tot 5 L fa $8,000 O G $6,000 $4,000 $2,000 $0 liii �� -- I Police Fire Parks Library Planning ACC Court Redev Council Unallocated Enter a number between 1 and 6 Operating Revenues vs New devp: low-1 high-6 1 Expenses 4 70000 Franchise Fees A —I I 4 60000 50000 State-Shared — ► 4 40000 Lodging J —I ► 4 30000 20000 Inflation J _I !I 4 10000 '� 0 Medical Costs 1 I _IJ 4 Tot Rev Exp Tot Inflation Low 1.3% 1.3% 1.3% 1.3% 1.3% 1.3% 1.3% Mid 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% High 5% 5% 5% 5% 5% 5% 5% Energy inflation rate Low 1.0% 1.0% 1.0% 0.5% 0.5% 0.5% 0.5% Mid 2.0% 2.0% 2.0% 1.0% 1.0% 1.0% 1.0% High 4% 4% 4% 3% 3% 3% 3% Medical inflation rate Low 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% Mid 7.0% 6.0% 5.0% 5.0% 5.0% 5.0% 5.0% High 14% 12% 10% 13% 13% 13% 13% New Devp Low 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% Mid 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% High 1% 1% 1% 1% 1% 1% 1% Valves Depts share of gen revs 100% of overall revenue increase Police 110% of revenue increase share (times gen rev Factor) Fire 125% Parks 80% Library 100% Planning 130% ACC 100% Court 100% Redev 100% Council 100% Citizen Communications 100% Risk Management 100% Dept Rev Factor 100% of dept expenditures change Net GF Balance Available $8,000 $7,000 • $6,000 c 3 $5,000 0 $4,000 • $3,000 0 • $2,000 $1,000 , 11111 $0 2020 2021 2022 2023 2024 2025