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<br />- <br /> <br />General Fund IVIodel <br /> <br />Executive Summary <br /> <br />This model projects General Fund revenue for ten fiscal years. The base year represented <br />is Original FY 2006-07, then Projected FY 2007-08, and the ten projected years. Fiscal <br />years 2009-2018 are projected using the following assumptions. <br /> <br />Revenues are projected to change by the following amounts per year: <br /> <br />~- <br /> <br />. Property tax at 98.5% collection rate <br />(Percentage based on growth rate included in debt model) <br />. Industrial Payments (In Lieu) <br />. Sales tax <br />. Franchise Fees <br />. Miscellaneous Taxes (Mixed Beverage Tax) <br />. Licenses and Permits <br />. Fines & Forfeits <br />. Charges for Service <br />. Parks and Recreation <br />. Recreation & Fitness Center <br />. Interest <br /> <br />4.25% <br /> <br />1.00% <br />2.50% <br />2.50% <br />2.00% <br />2.00% <br />2.00% <br />2.00% <br />2.00% <br />2.00% <br />2.00% <br /> <br />Expenditures are projected using these assumptions. Each category will increase by the <br />following amounts: <br /> <br />. Personal Services <br />. Supplies <br />. Maintenance <br />. Capital Outlay <br />. Budget Requests -Merit <br />. Other Items Included <br />- OPEB Funding - Very rough estimate - May be higher or lower than <br />the $2.5 million included in the model. <br />- Sick Buy-Back - Estimated at approximately $220,000 per year. <br />- Compensation Study - Rough estimate of $300,000 included. <br /> <br />1.50% <br />5.00% <br />3.00% <br />2.00% <br />3.00% <br />