FY2022

Expenditure Trends

$1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000

$- $500,000

2018 Actual

2019 Actual

2020 Actual

2021 Revised 2022 Budget 2023 Projected

Personnel

Services Supplies Capital Outlay

Long-term Projections:

Future revenues are projected to gradually increase as the account growth is expected to be 1% annually. 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. As expenditures are projected to grow at a higher rate than revenues, the City will need to consider a future rate increase for Refuse Charges to help cover the cost of rising expenditures and purchases for refuse, recycling, and yard waste carts.

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