|
REVENUE AND COST PROJECTIONS |
||||||
|
2005/2006 - 2009/2010 |
||||||
|
|
||||||
|
|
2005-06 |
2005-06 |
2006-07 |
2007-08 |
2008-09 |
2009-10 |
|
|
Adopted |
Estimated |
Base Estimated |
Estimated |
Estimated |
Estimated |
|
|
||||||
|
Estimated Costs |
12,639,000 |
12,639,000 |
13,208,000 |
13,788,000 |
14,383,000 |
15,004,000 |
|
|
||||||
|
Estimated Revenues |
12,639,000 |
13,152,000 |
12,748,000 |
12,375,000 |
12,436,000 |
12,497,000 |
|
|
|
|
|
|
|
|
|
Revenue Needed/(Excess) |
- |
- |
460,000 |
1,413,000 |
1,947,000 |
2,507,000 |
|
|
||||||
|
Fund Balance Available |
- |
- |
- |
- |
- |
- |
|
|
||||||
|
Additional Revenue Needed |
- |
|
460,000 |
1,413,000 |
1,947,000 |
2,507,000 |
|
|
||||||
|
Change in Tax Rate |
|
|
|
|
|
|
|
in Specific Years |
- |
- |
0.3 |
0.6 |
0.3 |
0.4 |
|
|
||||||
|
1 cent on the tax rate = $530,000 for these projections.
Assumptions on revenues and costs from 2007-08:
- Same revenue sources as available in 2005-06 (assumes current level of State funding for operating assistance).
- Assumes constant level of federal operating assistance over the five-year period. Assumes funding of capital subsidies at level of 10% of total capital costs.
- Same personnel as adopted for 2005-06; same routes and service levels as adopted for 2005-06.
- Includes estimated adjustments of 5% in salaries and benefits.
- 3% increase in operating costs.
- Includes normal local matching capital contributions for future bus replacement.
- Assumes the Town of Chapel Hill's portion of increased system costs is approximately 33%. |
||||||
|
|
||||||