FY2022

Expenditure Trends

- 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000

2018 Actual

2019 Actual

2020 Actual 2021 Revised 2022 Budget 2023 Projected

Personnel

Services Supplies

Capital Outlay

Long-term Projections:

Future revenues for the Road Use Tax Fund are projected to increase only 1% each year. The City’s population has grown substantially since the last census, but due to uncertainty surrounding the 2020 census, revenue projections were done conservatively. Future expenditures are projected with the assumptions that personnel related expenditures will grow at a 3% rate annually and services and supplies will grow at a 2% rate annually. The structural deficit projected in the fund may have to be addressed through expenditure or capital funding cuts if the census results upon which the Road Use Tax revenues are calculated do not grow as originally anticipated.

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