REVENUE AND EXPENDITURE ASSUMPTIONS
EXPENDITURES
Irvine continues to grow and mature, resulting in increased demand for City services, infrastructure maintenance, and repair needs. The five-year expenditure estimates, with input from individual departments, takes into consideration these anticipated needs. Overall, General Fund expenditures, excluding transfers-out, are anticipated to increase 3.9 percent in FY 2019-20, 2.6 percent in FY 2020-21, 1.7 percent in FY 2021-22, 2.9 percent in FY 2022-23, and 2.2 percent in FY 2023-24. The increase in operating expenditures is primarily due to growth in retirement, contract services, and internal service costs such as information technology, mail and print services, fleet and facility maintenance. The lower rate of growth in FY 2021-22 is due to the anticipated CalPERS pay down plan savings. The chart below displays the five-year historical and projected trend of expenditures in the General Fund, excluding transfers.
FY 2019-21 Proposed Budget
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