1

General Fund Outlook

* Shortfall line is the amount that cannot be funded using the assumed revenues & expenditures. The shortfall is only created after the Economic Uncertainty Fund is depleted, but the Hurricane/Disaster Reserve always remains fully funded.

• Assumes 3% growth in sales taxes, FPL and CST and 3% growth in most expenditures.

• Does not include Sarasota CRA extension (payments end in FY16).

• Not reflective of the one time $8M available cash due to reserve policy change (90 to 75 Days)

Amend. BUDGET Prop. BUDGET PROJECTED PROJECTED PROJECTED PROJECTED

FY13 FY14 FY15 FY16 FY17 FY18Revenue $237,600,525 $214,937,896 $220,300,397 $227,635,910 $235,651,355 $244,162,424Budgeted Fund Balance $35,980,681 $44,604,175 $46,361,212 $19,692,541 $18,272,063 $18,968,868

Revenue $273,581,206 $259,542,071 $266,661,609 $247,328,451 $253,923,418 $263,131,291

Expenses $273,581,206 $259,542,071 $266,661,609 $273,100,073 $275,990,365 $281,816,412

Fund Balance Calculation: Amount budgeted (above) less projected over-collections & under-spendingOver-Collections (3%) $6,254,421 $5,698,176 $5,859,051 $6,079,117 $6,319,580 $6,574,912Under-Spending (6%) $11,686,170 $12,072,438 $12,506,367 $12,947,284 $13,388,746 $13,830,203

Estimated Fund Balance Usage $18,040,090 $26,833,560 $27,995,793 $666,141

Shortfall $0 $0 $0 ($25,771,622) ($22,066,947) ($18,685,121)

General Fund - Projected Revenues & Expenses

2

General Fund Outlook(current projections plus various annual expenses)

* Shortfall line is the amount that cannot be funded using the assumed revenues & expenditures. The shortfall is only created after the Economic Uncertainty Fund is depleted, but the Hurricane/Disaster Reserve always remains fully funded.

FY14 FY15 FY16 FY17 FY18Shortfall* $0 $0 ($25,771,622) ($22,066,947) ($18,685,121)

1) Same assumptions as above plus $100K annual expense:

FY14 FY15 FY16 FY17 FY18Shortfall* $0 $0 ($26,073,143) ($22,160,947) ($18,779,121)

2) Same assumptions as above (in gray) plus $500K annual expense:

FY14 FY15 FY16 FY17 FY18Shortfall* $0 $0 ($27,279,225) ($22,536,947) ($19,155,121)

3) Same assumptions as above (in gray) plus $1.5M annual expense:

FY14 FY15 FY16 FY17 FY18Shortfall* $0 ($1,012,179) ($29,282,252) ($23,476,947) ($20,095,121)

Assuming State Estimates of Taxable Value Growth, 3% growth in major revenues and 3% growth in most expenditures:

3

General Fund Outlook(current projections plus various one-time expenses)

* Shortfall line is the amount that cannot be funded using the assumed revenues & expenditures. The shortfall is only created after the Economic Uncertainty Fund is depleted, but the Hurricane/Disaster Reserve always remains fully funded.

FY14 FY15 FY16 FY17 FY18Shortfall* $0 $0 ($25,771,622) ($22,066,947) ($18,685,121)

1) Same assumptions as above plus $100K one-time expense:

FY14 FY15 FY16 FY17 FY18Shortfall* $0 $0 ($25,865,622) ($22,066,947) ($18,685,121)

2) Same assumptions as above (in gray) plus $500K one-time expense:

FY14 FY15 FY16 FY17 FY18Shortfall* $0 $0 ($26,241,622) ($22,066,947) ($18,685,121)

3) Same assumptions as above (in gray) plus $1.5M one-time expense:

FY14 FY15 FY16 FY17 FY18Shortfall* $0 $0 ($27,181,622) ($22,066,947) ($18,685,121)

Assuming State Estimates of Taxable Value Growth, 3% growth in major revenues and 3% growth in most expenditures.