MULTI YEAR FINANCIAL PLAN                 page 1 of 7							4/21/06 4:09 PM
Includes All Funds Except Replacement, Golf Course and Development Passthrough
	Fiscal Yr	Fiscal Yr	Fiscal Yr	Fiscal Yr	Fiscal Yr	Fiscal Yr	Fiscal Yr
	2006-07	2007-08	2008-09	2009-10	2010-11	2011-12	2012-13
Beginning Cash Fund Balance	19,000,000	17,073,253	15,716,133	17,945,886	16,812,309	16,423,244	15,801,210
Revenues:
Base Sales Tax	8,650,000	9,218,500	10,731,055	11,052,987	11,384,576	11,726,114	12,077,897
Capital Dedicated Sales Tax*	1,080,000	1,080,000	1,080,000	1,080,000	1,080,000	1,080,000	1,080,000
Income & Use Tax	2,125,123	2,188,877	2,276,432	2,367,489	2,593,664	2,697,411	2,873,729
MFT*	673,932	676,069	676,069	676,069	712,170	712,170	729,540
Electric Utility Tax	1,466,000	1,539,300	1,616,265	1,697,078	1,781,932	1,871,029	1,964,580
Simplified Telcommunications Tax	1,142,000	1,199,100	1,259,055	1,322,008	1,388,108	1,457,514	1,530,389
Hotel Motel Tax	325,000	333,125	341,453	349,989	358,739	367,708	376,900
Amusement Tax	190,000	209,000	250,800	257,070	263,497	270,084	276,836
Road & Bridge Tax*	123,000	125,460	127,969	130,529	133,139	135,802	138,518
Capital Dedicated Grants*	0	0	0	0	0	0	0
Operating Grants	17,500	5,000	5,000	5,000	5,000	5,000	5,000
Community Development Fees	1,404,750	1,588,375	1,092,328	1,063,201	954,858	927,952	902,808
Fines	496,800	509,220	521,951	534,999	548,374	562,084	576,136
TIF Increment	65,000	75,000	85,000	156,000	594,000	1,015,000	1,239,000
Event Revenues	108,000	108,000	108,000	108,000	108,000	108,000	108,000
Summer Celebration Revenues	122,700	122,700	122,700	122,700	122,700	122,700	122,700
911 Fees	252,000	260,820	269,949	279,397	289,176	299,297	309,772
Other Revenues	836,353	847,972	874,527	910,719	985,268	1,044,844	1,036,100
Library/Park Site Property Extractions*	1,650,000	0	0	0	0	0	0
Investment Income	855,000	768,296	707,226	807,565	756,554	739,046	711,054
Total Revenue	21,583,158	20,854,814	22,145,778	22,920,800	24,059,756	25,141,753	26,058,961
Operating Expenditures:
Administration	(1,754,249)	(1,818,877)	(1,884,699)	(1,951,367)	(2,018,514)	(2,085,766)	(2,152,759)
Community Development	(1,918,428)	(2,007,011)	(2,096,666)	(2,186,920)	(2,277,008)	(2,366,152)	(2,453,596)
Police	(8,141,831)	(8,529,786)	(8,923,310)	(9,319,058)	(9,713,494)	(10,103,022)	(10,484,137)
Public Works	(3,566,044)	(3,696,206)	(3,832,612)	(3,970,638)	(4,109,468)	(4,248,271)	(4,386,240)
President and Trustees	(75,686)	(75,686)	(75,686)	(75,686)	(75,686)	(75,686)	(75,686)
Judiciary	(270,000)	(279,450)	(289,231)	(299,354)	(309,831)	(320,675)	(331,899)
Committees	(46,023)	(47,174)	(48,353)	(49,562)	(50,801)	(52,071)	(53,373)
Recycling	(299,000)	(309,465)	(320,296)	(331,507)	(343,109)	(355,118)	(367,547)
VHAC Site Maintenance	(227,000)	(232,675)	(238,492)	(244,454)	(250,566)	(256,830)	(263,250)
YMCA Grant	(50,000)	(50,000)	(50,000)	(50,000)	0	0	0			0
Tourism Promotion	(21,000)	(20,000)	(20,000)	(20,000)	(20,000)	(20,000)	(20,000)
Grants	(54,700)	(54,700)	(54,700)	(54,700)	(54,700)	(54,700)	(54,700)
Events	(158,475)	(160,852)	(163,265)	(165,714)	(168,200)	(170,723)	(173,283)
Summer Celebration	(135,200)	(137,228)	(139,286)	(141,376)	(143,496)	(145,649)	(147,834)
Contingency	(80,000)	(80,000)	(80,000)	(80,000)	(80,000)	(80,000)	(80,000)
Total Operating Expenditures	(16,797,636)	(17,499,110)	(18,216,595)	(18,940,334)	(19,614,872)	(20,334,662)	(21,044,304)
Less Operating Lapse	83,988	87,496	91,083	94,702	98,074	101,673	105,222
Proj Actual Operating Expenditures	(16,713,648)	(17,411,614)	(18,125,512)	(18,845,632)	(19,516,797)	(20,232,989)	(20,939,083)
Debt Service	(1,276,257)	(1,921,321)	(1,920,512)	(2,163,745)	(2,427,024)	(2,435,798)	(2,442,463)
Total Ops & Debt Service	(17,989,905)	(19,332,935)	(20,046,024)	(21,009,377)	(21,943,821)	(22,668,787)	(23,381,545)
Capital Projects	(8,339,000)	(2,879,000)	(2,870,000)	(3,045,000)	(2,505,000)	(3,095,000)	(3,045,000)
Proceeds From Sale of Bonds*	2,819,000	0	3,000,000	0	0	0	0
Change in Fund Balance	(1,926,747)	(1,357,121)	2,229,754	(1,133,577)	(389,065)	(622,034)	(367,584)
Ending Cash Fund Balance	17,073,253	15,716,133	17,945,886	16,812,309	16,423,244	15,801,210	15,433,626
**************************************************************************************************************************************************************************
*Denotes Capital Dedicated Revenue or Capital Dedicated Bond Financing.
Operating Revenues-Operations - Debt Service	66,321	(359,650)	215,715	24,825	190,626	544,994	729,358
Capital revenues+Bonds Issued-capital expend.	(1,993,068)	(997,471)	2,014,039	(1,158,402)	(579,691)	(1,167,028)	(1,096,942)
Target Fund Balance (65% of Op Exp&Debt)	11,693,438	12,566,408	13,029,916	13,656,095	14,263,484	14,734,711	15,198,004
Variance Pos (Neg) to Target	5,379,815	3,149,725	4,915,971	3,156,214	2,159,761	1,066,499	235,621
Fund Balance as Percent of Op Exp & Debt	94.90%	81.29%	89.52%	80.02%	74.84%	69.70%	66.01%
Full Time Employees	113	113	113	113	113	113	113