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13 Attachment 2
ATTACHMENT 2 BASE CASE Account Revenue Category 2020/21 Budget 2020/21 Estimates 2021/22 Forecast 2022/23 Forecast 2023/24 Forecast 2024/25 Forecast 2025/26 Forecast 4100 Property Tax 14.7$ 13.9$ 14.1$ 15.2$ 15.6$ 16.2$ 16.6$ 4110 VLF Backfill Property Tax 4.0 4.1 4.2 4.3 4.4 4.5 4.7 4200 Sales & Use Tax 7.0 6.7 7.3 7.5 7.7 7.8 7.9 4200 Measure G District Sales Tax 1.0 1.0 1.0 1.0 1.1 1.1 1.1 4250 Franchise Fees 2.5 2.5 2.6 2.7 2.8 2.8 2.8 4251 Transient Occupancy Tax 2.3 0.7 1.0 1.1 1.2 1.2 1.3 4400 Business License Tax 1.3 1.1 1.2 1.2 1.2 1.2 1.2 4400 Licenses & Permits 3.1 3.0 2.9 2.9 3.0 3.1 3.1 4500 Intergovernmental 1.0 1.3 0.7 0.8 0.8 0.8 0.9 4600 Town Services 4.0 3.8 3.5 3.5 3.5 3.5 3.6 4700 Fines & Forfeitures 0.4 0.1 0.3 0.3 0.3 0.3 0.3 4800 Interest 0.6 0.6 0.5 0.3 0.2 0.2 0.3 4850 Other Sources 2.3 3.5 2.3 2.3 2.3 2.3 2.3 4900 Fund Transfers In 0.6 0.6 0.5 0.5 0.5 0.5 0.5 44.8$ 42.9$ 42.1$ 43.6$ 44.5$ 45.5$ 46.6$ Use of Capital/Special Project Reserve - Capital 3.4 3.4 0.6 0.6 0.6 0.6 0.6 Use of Pension/OPEB Reserve 4.2 4.5 0 0 0 0 0 Use of Capital/Special Project Reserve - Other 0.9 0.9 0 0 0 0 0 53.3$ 51.7$ 42.7$ 44.2$ 45.1$ 46.1$ 47.2$ Account Expenditure Category 2020/21 Budget 2020/21 Estimates 2021/22 Forecast 2022/23 Forecast 2023/24 Forecast 2024/25 Forecast 2025/26 Forecast 5110 Salary 20.2 20.3 19.7 19.7 19.9 20.1 20.2 5120 CalPERS Benefits 7.3 6.4 7.5 7.5 7.2 7.5 7.6 5200 All Other Benefits 4.1 3.7 3.9 3.9 4.0 4.1 4.2 6211 OPEB Pay as You Go 1.3 1.3 1.4 1.4 1.4 1.5 1.8 6000 Operating Expenditures 6.7 6.1 5.4 5.4 5.6 5.7 5.8 7200 Grants & Awards 0.2 0.2 0.2 0.2 0.2 0.2 0.3 7400 Utilities 0.6 0.6 0.6 0.6 0.6 0.6 0.6 8060 Internal Service Charges 2.4 2.4 2.6 2.6 2.8 3.0 3.2 8900 Debt Service 1.9 1.9 1.9 1.9 1.9 1.9 1.9 44.7$ 42.8$ 43.1$ 43.1$ 43.7$ 44.6$ 45.7$ GASB 45 Retiree Medical Actuarial 0.6 0.6 0.6 0.5 0.4 0.3 0.2 Additional Discretionary Payment - Pension 4.6 4.9 0.4 0.4 0.4 0.4 0.4 49.9$ 48.3$ 44.1$ 44.0$ 44.5$ 45.3$ 46.3$ Capital Transfers Out to GFAR 3.4 3.4 0.6 0.6 0.6 0.6 0.6 Transfer to Internal Service Funds 0 0 0 0 0 0 0 Pension/OPEB Transfer to Pension Trust Fund 0 0 0 0 0 0 0 Allocate to Compensated Absences 0 0 0 0 0 0 0 Allocate to Vehicle Maintenance and Stores Surplus 0 0 0 0 0 0 0 Allocate to Property Surplus Reserve 0 1.2 0 0 0 0 0 53.3$ 52.9$ 44.7$ 44.6$ 45.1$ 45.9$ 46.9$ -$ (1.2)$ (2.0)$ (0.4)$ -$ 0.2$ 0.3$ * Due to rounding of individual categories FY 2020/21 Total Expenditures and Reserve Allocations omits $0.1 million. NET REVENUES RESERVE TRANSFERS LESS EXPENDITURES & RESERVE ALLOCATIONS TOTAL REVENUES, TRANSFERS, AND USE OF RESERVES TOTAL EXPENDITURES & RESERVE ALLOCATIONS TOTAL OPERATING REVENUES & TRANSFERS* TOTAL OPERATING EXPENDITURES TOTAL OPERATING & DISCRETIONARY EXPENDITURES Town of Los Gatos General Fund 5-Year Forecast (in $ million)