Budget Assumptions

TRANSPORTATION FUND
October 26, 2017

Revenue Assumptions:

• Revenue will be determined primarily by a levy increase of limited by the state to 4.0%
• We will not be requesting a levy appeal for 2018

Expenditure Assumptions:

• We have budgeted for 1 new route in the Fall of 2017 and 1 more in the Fall of 2018
• It is very difficult to predict fuel costs:
  • In 2012, we spent $528,163
  • In 2013, we spent $516,000
  • In 2014, we spent $514,406
  • In 2015, we spent $432,795
  • In 2016, we spent $307,711
  • In 2017, we budgeted $600,000
  • In 2018, we have budgeted $575,000
• Expenditure total is $4,040,000

Tax Rate/Levy Assumptions:

• This fund is capped by a maximum levy, primarily determined by an annual growth factor.
• The maximum working levy for 2018 increases by 4.0% to $3,437,824.