City of Morgan Hill Adopted Budget FY 2016-17 and FY 2017-18

 CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY16-17 and 17-18  From a dollar standpoint, the GF’s fund balance is forecasted to decrease from $16.3 million at the conclusion of FY 15-16 to $12.2 million by the end of FY 20-21 primarily due to the aforementioned additional investments in the City’s street infrastructure, gradually restoring staffing levels in high priority areas, and addressing unfunded OPEB and PERS liabilities (all of which are further explained in subsequent sections of the Budget Message). General Fund 5 Year Forecast 15-16 16-17 17-18 18-19 19-20 20-21 YEP Adopted Adopted Forecast Forecast Forecast Beginning Balance $15.0 $16.3 $15.1 $13.5 $12.2 $12.2 Revenues/Transfers In 36.0 36.2 37.1 39.0 40.2 41.5 Expenditures/Transfers Out* (34.7) (37.4) (38.8) (40.2) (40.2) (41.5) Ending Balance $16.3 $15.1 $13.5 $12.2 $12.2 $12.2 GF Fund Balance/Reserves (%) 45% 42% 36% 31% 30% 29% Operating Margin $1.3 $(1.2) $(1.6) $(1.2) $(0.0) $(0.0) *Includes Anticipated Salary Savings (in millions of dollars) 40% 43% 45% 42% 36% 31% 30% 29% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% Actual Actual YEP Adopted Adopted Forecast Forecast Forecast 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21 General Fund 5 Year Forecast General Fund Balance Fund Balance Goal of 25% of Revenues Fund Balance Minimum Level of 15% of Revenues

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