Investor Presentaiton
Outlook for FY 2024-25 Compared to Last Year
Presented
Effect on
in 2022
Fiscal Year 2024-25
Outlook
Presented
in 2023
Outlook
Bottom
Difference
Line
Funds Available
Balance Forward from 2023-24
15,197.7
8,530.0
(6,667.7) Negative
Available General Revenue
43,979.3
47,556.8
3,577.5 Positive
Trust Fund Transfers
127.9
Tax and Fee Changes
(320.8)
19.7
(646.5)
(108.2) Negative
(325.7) Negative
Total Funds Available
58,984.1
55,460.0
(3,524.1)
-6.0%
Negative
Projected Expenditures
Base Budget for 2024-25
40,002.5
41,703.3
1,700.8
Negative
Total New Budget Drivers for 2024-25
2,647.5
4,874.2
2,226.7 Negative
Total Projected Expenditures
42,650.0
46,577.5
3,927.5
9.2%
Negative
Additional Adjustments for Reserves
BSF Transfer
Reserve
Bottom Line
1,715.2
14,618.9
1,854.7
7,027.8
139.50
Negative
(7,591.1)
Although offset by revenue collections that are higher for FY 2024-25 than were anticipated by the
2022 Outlook, the significantly lower balance forward from FY 2023-24 reduces total funds available
by 6.0 percent-a negative effect on the bottom line.
The significant increases in base budget expenditures and the new budget drivers for Fiscal 2024-25
helped produce an overall 9.2 percent increase in projected expenditures, creating an overall bottom
line that is 51.9 percent lower than last year's projection for the same year.
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