Currently, D39 has a fund balance of approximately 70% of its total operating expenditures. In FY18, D39 expects its fund balance to dip to approximately 60% of its total operating expenditures. This assumes that D39 extends the levy by CPI in December 2017.
Baseline Fund Balance Forecast
The chart below shows a Baseline Forecast – namely, fund balance projections assuming that D39 extends the levy by CPI each year (with 2017 CPI known at 2.1%, and estimates used thereafter) plus new property growth (estimates based on known construction projects and 12-year historical average). These projections also include $13.6M in capital projects over 5 years, and health life safety projects of $2.2M over 5 years.