BN21_Financial Trends_Budget Trends_online_AdoptedFINANCIAL TRENDS - BUDGETS
The blue columns in the above graph illustrate the City of Lake Oswego's total resources since fiscal year 2001‐02. Adjusting the totals
for inflation, and graphing the results in terms of 2001‐02 dollars with the green columns, illustrates that growth has been moderate.
The two spikes in 2009‐10 and 2010‐11 is for the LOIS project. Fiscal year 2011‐12 reflects refinancing the West End Building line‐of‐credit
and the Urban Renewal Debt. The 2012‐13, 2013‐14, and 2014‐15 increases reflect the LO‐Tigard Water Partnership project. The last two
fiscal years represent the 2019‐21 biennium, where combined budgeted resources are $391.9 million.
This graph depicts the total resources budgeted in each fund category since fiscal year 2001‐02. The graph indicates the combined
General Fund (since FY10), which includes administrative services, Public Safety, Parks and Recreation, Library, Municipal Court, and the
Planning operations. The Utility funds are consolidated under Public Works and the increase reflects adding in System Development
Charges and Operations Services that were previously included in Other Funds. The large spikes in past years in Public Works resources
is contributed to the LOIS project for fiscal years 2009‐10 through 2011‐12, and LO‐Tigard Water Partnership project for fiscal years 2012‐13
through 2015‐16. Also, the Other category for 2017‐18, 2019‐20 and 2020‐21 reflect proceeds from parks, streets and LORA bond issues.
$0
$40,000,000
$80,000,000
$120,000,000
$160,000,000
$200,000,000
$240,000,000
$280,000,000
$320,000,000
$360,000,000
$400,000,000
$440,000,000
2001‐
02
2002‐
03
2003‐
04
2004‐
05
2005‐
06
2006‐
07
2007‐
08
2008‐
09
2009‐
10
2010‐
11
2011‐
12
2012‐
13
2013‐
14
2014‐
15
2015‐
16
2016‐
17
2017‐
18
2018‐
19
2019‐
20
2020‐
21
Total Budgeted Resources by Fund Categories
Other Funds
Parks & Open Space Funds
Public Works
Parks and Recreation Fund
Library Fund
Public Safety Funds
General Fund
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
$350,000,000
$400,000,000
$450,000,000
2001‐
02
2002‐
03
2003‐
04
2004‐
05
2005‐
06
2006‐
07
2007‐
08
2008‐
09
2009‐
10
2010‐
11
2011‐
12
2012‐
13
2013‐
14
2014‐
15
2015‐
16
2016‐
17
2017‐
18
2018‐
19
2019‐
20
2020‐
21
Total Budgeted Resources
Total Budget
Total Budget in 2001‐02 Dollars
FINANCIAL TRENDS - BUDGETS
The above graph illustrates the City of Lake Oswego's operations budget since fiscal year 2001‐02. As illustrated by the green columns,
which adjust for inflation since 2001‐02, the operations budget had increased gradually, except for debt service in recent years. This is
includes bonds for the Lake Oswego Interceptor Sewer (LOIS) and LO‐Tigard Water Partnership projects. Also, the West End Building
(WEB) was refinanced in 2015‐16 and sold the same year. The spikes in 2017‐18 and 2020‐21 reflect intergovernmental expense to LORA
for FFC bond proceeds from the City/LORA Debt Service Fund. Operations include the normal operating costs of providing city services,
but not capital outlay expenditures. The black line reflects the inflation‐adjusted operations budget on a per capita basis.
The above graph depicts the City of Lake Oswego's budgeted contingency and unappropriated ending fund balances since fiscal year
2001‐02. Generally, these balances reflect what is left after revenues and expenditures have been accounted for. Each year, these
balances have all met or exceeded the City's adopted policy in their respective area. The spike in FY2009‐10 through FY2011‐12 reflects
reserves from bond proceeds for the LOIS project, and again in FY2012‐13 through FY2016‐17 from bond proceeds for the LO‐Tigard Water
Partnership project. The increase in 2019‐20 reflects parks bond balances and a set‐aside for a new City Hall/Civic Center.
$0
$20,000,000
$40,000,000
$60,000,000
$80,000,000
$100,000,000
$120,000,000
2001‐
02
2002‐
03
2003‐
04
2004‐
05
2005‐
06
2006‐
07
2007‐
08
2008‐
09
2009‐
10
2010‐
11
2011‐
12
2012‐
13
2013‐
14
2014‐
15
2015‐
16
2016‐
17
2017‐
18
2018‐
19
2019‐
20
2020‐
21
Reserves and/or Ending Fund Balances
Budget
Budget in 2001‐02 Dollars
0
500
1,000
1,500
2,000
2,500
3,000
$0
$20,000,000
$40,000,000
$60,000,000
$80,000,000
$100,000,000
$120,000,000
$140,000,000
$160,000,000
2001‐
02
2002‐
03
2003‐
04
2004‐
05
2005‐
06
2006‐
07
2007‐
08
2008‐
09
2009‐
10
2010‐
11
2011‐
12
2012‐
13
2013‐
14
2014‐
15
2015‐
16
2016‐
17
2017‐
18
2018‐
19
2019‐
20
2020‐
21
Operating Budget (1)
Budget
Budget in 2001‐02 Dollars
Per capita (right scale)
(1) Includes Personnel Services, Materials & Services,
Operating Transfers, and Debt Service ‐excludes
Capital Outlay and Capital Transfers