FY25 Proposed Budget

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 $9,000,000

2022 Actual

2023 Actual

2024 Budget

2024 Revised 2025 Budget

2026 Projected

Personnel

Services Supplies Capital Outlay

Long-term Projections:

Projected Revenues vs Expenditures

$10,000,000 $10,200,000 $10,400,000 $10,600,000 $10,800,000 $11,000,000 $11,200,000 $11,400,000 $11,600,000 $11,800,000 $12,000,000 $12,200,000

2024 Revised

2025 Budget

2026 Projected

2027 Projected

2028 Projected

2029 Projected

Total Revenues

Total Expenses

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 revenue growth is being projected conservatively until a more definitive pattern develops. 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 in the Road Use Tax fund persists despite the revenue growth because there has also been substantial growth in the operating expenditures. The fund deficit may have to be addressed through expenditure or capital funding cuts at some point in the future.

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