FY25 Proposed Budget

Expenditures: Transfers out to the General Fund and the Road Use Tax Fund for employee benefit costs totals $14,224,200 in fiscal year 2025. This accounts for more than 92% of the fund’s expenditures in fiscal year 2025, and they grew by $172,995 or 1.1% over fiscal year 2024.

Long-term Projections:

Projected Revenues vs Expenditures

$14,000,000 $14,500,000 $15,000,000 $15,500,000 $16,000,000 $16,500,000 $17,000,000 $17,500,000

2024 Revised

2025 Budget

2026 Projected

2027 Projected

2028 Projected

2029 Projected

Total Revenue

Total Expenses

Employee Benefits revenue is heavily dependent upon property tax revenues. Property tax revenues are estimated to have a 3% increase every year. Future expenditures are projected with the assumptions that personnel related expenditures will grow at a 3% rate annually and services will grow at a 2% rate annually. A large proportion of expenditures for the Employee Benefits Fund is the transfers out to the General Fund and Road Use Tax Fund to cover personnel benefits expense. These transfers are projected to grow at the same level as the property tax revenues.

391