Financial Trends Analysis 2018 Update

Taxable increase by $1,442,730 from 2016 to 2017 Taxable increase by $1,442,730 from 2016 to 2017. Increase of $19,254,657 from 2017 to 2018 not included in this analysis.

Increase in personnel costs of $809,992,

Benefit costs have more than doubled over the 10 years due to health care and pension costs.

Positive actual performance for the last two years Positive actual performance for the last two years. Adoption of Structurally Balance Budget policy creates long-term financial stability. Positive revenue increases and continued prudent expenditure control contributed to better than budgeted performance.

Financial reserves are strongest in the last two years of the trend period. The decrease is the net effect of transfers to the Capital Fund and current year positive performance.