FY 2017 Budget Highlights

EXHIBIT A Local Property Taxes Local Income Taxes Other Local Taxes SPECIFIC ASSUMPTIONS BOARD OF EDUCATION FY2018 thru 2022 MULTI-YEAR PROJECTIONS FISCAL YEARS 2018 – 2022 ASSUMPTIONS Tax rates remain steady, property assessments are assumed to grow at a slightly moderate rate Tax rates remain steady, income growth is projected to continue at the 5-year average of 5.2% Recordation tax is forecasted to continue at a growth rate of 3.7% FY2018 FY2019 FY2020 FY2021 FY2022 $ 270,082,184 $ 281,345,659 $ 290,122,312 $ 300,306,420 $ 310,683,347 4.6% 4.2% 3.1% 3.5% 3.5% Percent Increase from Prior Year FREDERICK COMMUNITY COLLEGE FY2018 thru 2022 $ 16,575,163 $ 17,266,412 $ 17,805,042 $ 18,430,049 $ 19,066,889 Percent Increase from Prior Year 4.6% 4.2% 3.1% 3.5% 3.5% TRANSFER TO CAPITAL PROJECTS FY2018 thru 2022 $ 14,479,639 $ 15,729,257 $ 17,236,253 $ 17,545,606 $ 18,294,208 Percent Increase (decrease) from Prior Year GENERAL ASSUMPTIONS 10.9% 8.6% 9.6% 1.8% 4.3% SALARIES No Merit 1.0% COLA +3.5% Merit 1.0% COLA No Merit 1.0% COLA +3.5% Merit 1.0% COLA No Merit 1.0% COLA FRINGE BENEFITS Retirement Health Insurance All Others OPERATING EXPENSES Years 2018 thru 2022 - annual increases track with salaries, coupled with contribution rates based on actuarial analysis to achieve full funding. Years 2018-2022 annual increases of 7% All years 2018 thru 2022 - annual increases track with salaries Years 2018 thru 2022 - annual increases range from 1% to 2% 105

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