348 / 534
348
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16 OPERATING AND CIP
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY15-16
OPERATING AND CIP BUDGET
General Fund Five-Year Projections
The General Fund Five-Year Forecast for Fiscal Years 15-16 through 19-20 incorporate all known expenditures through-
out the forecast period including all personnel cost increases due to existing Memoranda Of Understanding with rep-
resented employees. All negotiated salary and benefit increases, including CalPERS contribution rates, are included in
the forecast.
In years that are absent negotiated increases, a general 2.5 percent increase is assumed for all employee services and
supply categories.
Revenue estimates are based on assumed growth for all general fund revenues, including property tax, sales tax, and
transient occupancy tax.
Actual
Actual
Year End Projection Adopted
Forecast
Forecast
Forecast
Forecast
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
Beginning Balance
7,086,957
11,074,995
12,824,331
12,343,399
11,720,522
11,148,860
10,674,975
10,233,495
Revenues & Trnfrs In
32,180,176
31,751,303
33,400,404
33,733,525
34,341,914
35,423,137
36,653,310
37,684,654
Exps/Trnsfers Out
(28,192,138)
(30,001,967)
(33,881,335)
(34,356,402)
(34,913,576)
(35,897,022)
(37,094,790)
(37,996,958)
Ending Balance
11,074,995
12,824,331
12,343,399
11,720,522
11,148,860
10,674,975
10,233,495
9,921,192
GF Fund Balance/Reserves (%)
34.4%
40.4%
37.0%
34.7%
32.5%
30.1%
27.9%
26.3%
GF Forecasted Operating margin:
3,988,038
1,749,336
(480,931)
(622,877)
(571,662)
(473,885)
(441,480)
(312,304)
General Fund Balance