Spending in this fund group can be erratic, as resources are accumulated over several years in anticipation of asset reinvestment (multi-modal upgrades, for example). This is also where we experience start-up costs for new ventures like the Sammamish instructional site or enhancements to the aviation program. The chart below shows that we are in an investment phase right now that has lasted a couple of years, however we expect this to end after FY 2019. There are few, if any, areas that are experiencing structural deficits, and if they were we would be proposing fee increases to resolve those issues. This fund group will have nearly $14 million in accumulated reserves at the end of FY 2018.
Local General Fund Operations ('000s) Expenses Wages & Benefits - Faculty Wages & Benefits - Staff/Student Revenues
FY15 FY16 FY17 FY18 FY19 (F) FY20 (B) $25,149 $26,607 $26,835 $30,022 $34,638 $35,430
5,275 7,197 3,868 5,047 2,322 3,275 8,025 7,605 1,732 1,934 1,906 1,749
7,747 5,443 3,625 2,019 2,804
6,051 6,367 3,526 2,071 3,337
5,428 7,451 3,632 2,040 2,137
5,234 7,716 4,149 2,105 1,366
Benefits
Goods & Services Travel Equipment Total Expenses
7,921 12,715 14,951 15,443
23,128 26,807 29,559 34,067 35,639 36,012 $2,021 ($200) ($2,724) ($4,045) ($1,001) ($582)
Net Margin
Excludes depreciation
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