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General Fund expenditures are expected to increase by 4% in FY 2017/18 to $107.9 million and additional 2.3% in FY 2018/19 to $110.4 million. General Fund Expenditure Comparison (in Millions of Dollars) $110.0 - $105.0 - $100.0 - $95.0 - 110.4 107.9 103.5 $90.0 99.8 96.6 92.2 $85.0 88.2 87.0 85.2 86.1 84.5 82.6 $80.0 + 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 General Fund Revenue Property taxes, sales tax, hotel/motel tax and business license tax revenues represent 84% of the General Fund revenues. Tax revenues are estimated to increase approximately 3.6% in FY 2017/18 and another 1 .2% in FY 2018/19. Property taxes are the largest source of revenue to the General Fund. Overall, property taxes are estimated to increase 3.7% in the first year and another 0.6% in the second year of the two-year Operating Budget. General Fund Expenditures Personnel costs represent 73.3% of the General Fund expenditures and are increasing approximately 4.9% in FY 2017/18 and 3.3% in FY 2018/19. Personnel cost increases include step increases and salary increases pursuant to existing labor contracts during the two year budget; increases in medical costs and other benefits: increases in PERS rates and increases in annual funding of the retiree medical reserves. Non-personnel costs represent 26.3% of the General Fund expenditures and are increasing approximately 1.8% in FY 2017/18 and decrease by 0.7% in FY 2018/19. The majority of the increase in costs over the FY 2016/17 Midyear Budget is (1) an increase in contractual services where there is an off-setting increase in revenues in the Building Division and Community Services Department (recreation instructors) and (2) the Contingency budget for labor MOUS that will be finalized in FY 2017/18. Page 4 of 5