Using the Line Item Total Expenditures, with the Composite Deflator numbers listed below determine the Real Rate of Growth and extrapolate 2024 & 2025 Line - Item Budget Numbers. The Composite Deflators are .8936 for 2016 and 1.1188 for 2022, with 2021 as the Base Year. The Exponent used for the exercise will be .14

A B C D E F G H | | K L 1 Town of University Village Budget Exercise 2 7 Growth Rates 2016 2017 2018 2019 2020 2021 2022 2024 2025 General Fund Revenues | (Property Tax) "GrowthRate= $40,597,637.95 $46,916,715.13 $49,356,384.31 $51,922,916.30 $54,622,907.95 $57,463,299.16 $60,451,390.72 $63,594,863.04 $66,901,795.92 9 0.052 10 Expenditures 11 Total Personnel Services Growth Rate= $27,701,437.19 $31,721,134.92 $33,878,172.10 $36,181,887.80 $38,642,256.17 $41,269,929.59 $44,076,284.80 $49,416,918.61 $52,281,933.73 12 0.060 13 14 15 Total Contract/Professional 16 Services Expenditures Growth Rate= $4,850,033.31 $6,049,536.31 $6,593,994.58 $7,187,454.09 $7,834,324.96 $8,539,414.20 $9,307,961.48 $11,387,636.54 $12,526,400.19 17 0.100 18 19 20 21 | Total Supply Expenditures | Growth Rate= $2,142,132.31 _ $2,821,797.31 _ $3,013,679.52 _ $3,218,609.73 _ $3,437,475.19 _ $3,671,223.50 _ $3,920,866.70 _ $4,599,118.14 _ $4,967,047.59 22 0.080 23 24 25 Growth Rate= 26 Total Expenditures $31,893,602.81 $40,592,468.54 $43,485,846.20 $46,587,951.62 $49,914,056.32 $53,480,567.30 $57,305,112.99 2if) 28 29 30