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2013_0718_packet
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2013_0718_packet
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8/6/2013 9:35:47 AM
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The Last Important Term <br />Just About Right Graph <br /> <br />Expenditures Stable, Funding Stable, Reserves Stable <br />60,000 <br />What is an inflationary increase? <br />50,000 <br /> An inflationary increase is an increase based upon the generally <br />40,000 <br /> accepted level of inflation in the prices we pay for the goods and <br />30,000 <br /> services that we purchase. These are increases that we must plan <br />20,000 <br /> for in the budget process. <br />10,000 <br />Why do we keep talking about it? <br />0 <br /> When we budget, everyone focuses on the big figure that is being <br />-10,000 <br /> discussed. People feel that they have paid for everything for the <br />-20,000 <br /> next several years. Unfortunately, just as at home, prices for <br /> goods and services rise—not always a large amount—but at least <br />-30,000 <br /> some increase is seen from year to year. We need to keep <br />2014 2015 2016 2017 2018 2019 2020 2021 <br /> reminding ourselves that that must be paid, too. <br />Cash Reserve Expenditures Funding <br />Just A Quick Review Before We Move <br />Inflationary Increases <br />On <br />Why do we keep talking about it? <br />Mostly because it is the necessary, but unpleasant, consideration <br /> every year, not just for your household, but for the city government, <br />too. <br />When we budget, everyone focuses on the big figure and the big <br />picture. Just when we think we took everything into account, there <br />is a bit more. Unfortunately, just as at home, prices for goods and <br />services rise—not always a large amount—but at least some increase <br />is seen from year to year. <br />We need to keep reminding ourselves that these inflationary <br />increases must be paid, too. <br /> <br /> <br />
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