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Expenditure increases are most likely to occur in the following areas: 1. Data Processing - While the Capital Outlay portion of the 2000-2001 Budget contains some ane -time expenditures, there will continue to be a need to budget for replacement PC's and expansion of AS400 hardware and software. Additionally, there is the expansion of remote processing of registration. This will create the need for a wide area network, which will increase on -gong data processing costs by $10.000 - $15,000 per year. This increase will help achieve efficiencies in customer services, and may be offset by a reduction in personnel costs associated with registration. 2. Maintenance of New Parks. With the addition of several new parks in the next few years, maintenance costs will increase by about $10,000 per acre annually, as the new parks come online. 3. Ongoing increases to existing operations. Whether any new operations or employees are added in the future or not, the cost of maintaining existing sites, facilities and employees will continue to grow. Cost of living increases for full-time employees equal about $52,000 for each one percent of salary given. Costs of benefits will change over time, increasing expenditures to the District. Anticipated increases in cost of utilities, most notably water, will add more expenses in the future. 4. The completion of Rancho Conejo and Dos Vientos construction will increase operating expenditures. However, a portion of these increases will be offset by increased in revenue, most specifically programming revenue, not currently a part of the General Fund Budget. Revenue increases to offset the future growth in expenditures will consist of: 1. Continued growth in property tax receipts due primarily to new construction and increase in housing values. This will add approximately $300,000 per year in new revenue. However, new construction within District boundaries is reaching build out and the majority of the increase in property tax revenue is fueled from new construction. Once build out occurs, revenue growth in this area will flatten out to $100,000 to $150,000 per year. Build out will occur in approximately 10 to 12 years. 2. Payoff of notes will free the District from these obligations, and will provide additional future revenue. The note with the Conejo Valley Unified School District has been paid off. This frees up $20,479 per year. The note with the City of Thousand Oaks will be paid off in May 2004. This will free up $100,000 per year. 3