CIP 2027-2031 (Final) - Flipbook - Page 15
PROPOSED 5 YEAR CIP - 1ST READING
JULY 16, 2026
Sales Tax Capital Projects Funding Analysis:
Over the next five years, the City has projected the total cost of various Sales Tax Capital
Projects at $15,104,000 with a five-year estimated fund balance of $1,736,485. In FY 2024/25,
the City began construction on the Rosenwald Gardens/Coolidge project. In addition to
significant grant funding, a portion of this expansion project is funded by the Sales Tax Capital
Projects Fund.
Assuming the City has all capital projects budgeted in FY 2025/26 under contract, the fiscal
year-end fund balance is projected to be ($626,072). Several projects will have encumbered
funds to be carried over into FY 2026/27 and the fund is not expected to have negative
cashflow at fiscal year-end.
The Sales Tax Capital Projects Fund is a crucial financial resource for the City. One of the
significant advantages of the Sales Tax Capital Project Fund is its versatility and flexibility. It
provides funding for capital improvements throughout the City and allows the City to respond
to changing needs and prioritize projects based on current demands as well as long-term
goals. It also helps to reduce the reliance on traditional borrowing methods, thereby
minimizing debt burdens and financial risks. Through Sales Tax revenue, the City continues to
invest in a brighter and more prosperous future for its residents and businesses.
Sales Tax Projects Fund
Fund Balance, Beginning of the Year
$
Revenue
Actual
Estim ated
Proposed
Projected
Projected
Projected
Projected
FY 24-25
FY 25-26
FY 26-27
FY 27-28
FY 28-29
FY 29-30
FY 30-31
3,506,734
$
2,735,648
$
(626,072)
$
78,728
$
(2,157,480)
$
(1,404,536)
$
(186,075)
2,966,245
3,000,000
3,126,000
3,251,040
3,381,082
3,516,325
3,656,978
Interest Earnings
71,753
95,000
98,800
102,752
106,862
111,137
115,582
Grant Revenue
Library Expansion - County Impact Fees
263,451
-
12,500
-
-
-
-
-
3,301,449
3,107,500
3,224,800
3,353,792
3,487,944
3,627,461
3,772,560
6,808,183
5,843,148
2,598,728
3,432,520
1,330,464
2,222,925
3,586,485
Total Revenue
Total Funding Available
Less:
4,072,535 *
6,469,220
2,520,000
5,590,000
2,735,000
2,409,000
1,850,000
Total Expenditures
4,072,535
6,469,220
2,520,000
5,590,000
2,735,000
2,409,000
1,850,000
Net Operating Incom e (Loss)
(771,086)
(3,361,720)
704,800
(2,236,208)
752,944
1,218,461
1,922,560
CIP Expenditures & Encumbrances
Fund Balance, End of the Year
$
2,735,648
*$
(626,072)
$
78,728
$
(2,157,480)
$
(1,404,536)
$
(186,075)
$
1,736,485
* Not all funds will be spent by end of fiscal year resulting in a large amount of encumbered funds
being rolled over into the next year using new year cash receipts
Notes
1. Beginning Fund Balance in FY 2025/26 ties with ACFR FY 2024/25 year-end balance
2. Assumes 4% growth in revenue and interest
3. CIP Expenditures projections for FY 2026/27 - FY 2030/31 based on estimated cost of CIP projects
4. Assumes that project budgets are fully spent each year going forward
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