2018 Adopted Annual Operating & Capital Improvement Budget

CAPITAL PROJECTS FUND LONG-RANGE FINANCIAL PLAN
2017
Amended
Budget
2018
Adopted
Budget
2019
Forecast
2020
Forecast
2021
Forecast
2022
Forecast
Revenue:
Taxes & Assessments $ 5,038,000 $ 4,511,521 $ 4,529,518 $ 4,542,767 $ 4,561,373 $ 4,555,784
Intergovernmental 1,969,473 2,320,000 2,411,975 1,716,128 1,732,114 1,548,390
Investment Earnings 120,000 250,000 262,500 275,625 289,406 303,876
Total Revenue 7,127,473 7,081,521 7,203,993 6,534,520 6,582,893 6,408,050
Expenditures:
Purchased Services 1,000 800 700 600 500 400
Capital Outlay 21,660,769 17,190,000 11,544,000 9,089,000 7,486,000 5,745,000
Miscellaneous Expenditures - 147,630 2,078,800 - - -
Total Expenditures 21,661,769 17,338,430 13,623,500 9,089,600 7,486,500 5,745,400
Excess/(Deficiency) of Revenues
Over Expenditures (14,534,296) (10,256,909) (6,419,507) (2,555,080) (903,607) 662,650
Other Financing Sources/(Uses):
Transfers In/(Out) 5,382,645 4,742,119 3,885,390 4,380,025 4,599,392 4,824,754
Insurance Recovery 162,646 - - - - -
Total Other Financing Sources/(Uses) 5,545,291 4,742,119 3,885,390 4,380,025 4,599,392 4,824,754
Net Change In Fund Balance: (8,989,005) (5,514,790) (2,534,117) 1,824,945 3,695,785 5,487,404
Cumulative Fund Balance
Beginning Fund Balance 21,450,047 12,461,042 6,946,252 4,412,135 6,237,080 9,932,865
Ending Fund Balance 12,461,042 6,946,252 4,412,135 6,237,080 9,932,865 15,420,269
Less Restrictions, Commitments, & Assignments:
Open Space Tax Restriction 202,534 602,534 43,304 363,554 41,310 482,835
Lottery Proceeds Restriction 108,563 253,563 3,518 99,972 158 148,080
Capital Project Commitment 1,607,181 3,420,021 3,673,979 4,982,220 9,000,063 13,798,020
Open Space Acquisition Assignment 491,334 591,334 691,334 791,334 891,334 991,334
Maintenance Facility Phase II Assignment 7,825,000 - - - - -
Development Rebate Assignment 2,226,430 2,078,800 - - - -
Unassigned Fund Balance $ - $ - $ - $ - $ - $ -
239