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33
<br />•Operating shortfall in 2015-16 with fund deficit in 2016-17
<br />•Continue to reduce expenses, reflects interest only payments on the General
<br />Fund loan beginning in 2012-13
<br />•Long-term balance of revenues/expenditures anticipated by Shoreline
<br />development
<br />
<br />
<br />Shoreline Fund 5-Year Forecast
<br />Shoreline Enterprise 2011-12 2012-13 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
<br />Fund 597 Actual Adopted Estimated Projected Projected Projected Projected Projected
<br />Beginning Fund Balance (151,399) (135,804) 41,187 209,900 177,708 362,613 36,953 (133,573)
<br />Revenue
<br />Rents & Concessions 1,247,936 1,155,000 1,272,000 1,272,000 1,272,000 1,173,056 1,173,056 1,173,056
<br />Berthing Fees 677,147 672,000 537,000 537,000 537,000 537,000 537,000 537,000
<br />Transient Occupancy Tax 323,430 258,000 335,000 335,000 335,000 335,000 335,000 335,000
<br />Other Revenues/Interest 44,230 44,800 68,036 94,800 94,800 49,300 49,300 49,300
<br /> Total Revenues 2,292,743 2,129,800 2,212,036 2,238,800 2,238,800 2,094,356 2,094,356 2,094,356
<br />Expenditures
<br />Personnel 624,048 670,182 670,182 670,212 692,767 727,693 748,139 766,864
<br />Non-Personnel/Transfers 1,476,109 1,445,660 1,373,141 1,600,780 1,361,128 1,692,322 1,516,743 1,702,265
<br /> Total Expenditures 2,100,157 2,115,842 2,043,323 2,270,992 2,053,895 2,420,016 2,264,883 2,469,129
<br />Annual Surplus/(Shortfall)192,586 13,958 168,713 (32,192) 184,905 (325,660) (170,527) (374,773)
<br />Ending Fund Balance 41,187 (121,846) 209,900 177,708 362,613 36,953 (133,573) (508,346)
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