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CITY OF PLEASANTON, CALIFORNIA <br /> <br />10 | eidebailly.com <br />NO. OBSERVATION DISCUSSION <br />12 <br />The City does not include the exact <br />projected growth percentages from <br />its revenue consultants in the <br />forecast and uses linear growth <br />rates for most other line items. <br />The City’s current forecast utilizes growth rates that generally do not <br />change from year to year and are linear over the entire forecast <br />period. In reality, there are factors that influence these costs on an <br />annual basis. As a best practice, the consultants’ exact growth rates <br />for each year should be utilized to tie back to the source of the <br />assumption. Additionally, where growth rates differ by year in other <br />areas, such as negotiated labor contracts, the exact growth rates <br />should be utilized, again to tie back to the source of the assumption <br />and minimize questions regarding these differences. <br /> <br />Note: The variances between the consultants’ revenue growth rates <br />and those utilized in the forecast are relatively minor at this time. <br /> <br />Page 19 of 33