FY2022

Future revenues are projected to gradually increase as the number of accounts is projected to grow by 1% annually. Fiscal years 2026 through 2027 revenues are projected to decrease as transfers for debt service payments drop off. Future expenditures were projected with the assumptions that personnel related expenditures would grow at a 3% rate annually and services and supplies would grow at a 2% rate annually. Expenditures increase in fiscal year 2024 due to increased transfers out for debt service payments but decline in 2026 and 2027 as debt service payments drop off.

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