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Financial Plan – No Revenue Increase <br />•Operating deficit <br />starting in FY 2027 <br />•Fund balances are <br />negative starting in FY <br />2027 <br />•Debt coverage <br />requirements not met <br />starting in FY 2027 <br />13 <br />Fiscal <br />Year <br />Revenue <br />Increase <br />Debt <br />Proceeds <br />2026 0% $0M <br />2027 0% $0M <br />2028 0% $0M <br />2029 0% $0M <br />Financial Plan Scenarios <br />•The City needs to increase its rate revenues to: <br />•Avoid operating deficits <br />•Maintain adequate reserve balances <br />•Meet debt coverage requirements <br />•All financial plan scenarios include costs for groundwater well projects, but <br />water supply cost savings will not materialize until after the study period when <br />project comes online <br />14 <br />Page 23 of 27