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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