FY 2026 Adopted Budget - Flipbook - Page 100
Assumptions about fee structures and collection rates are made accordingly
Business Activity: Changes in the number of businesses operating within the City and
their level of activity can affect franchise fee revenues
A conservative revenue growth rate of 2% was assumed to ensure the fiscal stability and
sustainability of the City’s finances. This growth rate considers the current and potential
economic conditions and various factors influencing revenue generation
Water and Sewer Sales:
Usage Patterns: Assumptions about water and sewer usage are based on historical data,
seasonal variations, and expected changes in consumption due to factors like
population growth and weather conditions. A 4% yearly growth in estimated revenue
for water and sewer sales in FY 2026/30 was applied, considering the current growth of
the City the development of pending new subdivisions
Rate Adjustments: Forecasts consider potential rate adjustments for water and sewer
services, which can impact revenue generation. Currently, the City is in the process of
conducting a study on water and sewer rates. In the upcoming fiscal year, the existing
revenue figures will be updated to reflect the data from the rate study
See the example below: City-wide Major Revenue Sources of $1 Million or more:
Table 17:
Revenue Forecast FY 2026-30
Major Revenues Citywide
Water & Sewer Sales
Ad Valorem Taxes
Utility Taxes
Sales Taxes
Franchise Fees
1/2 Cent Sales Tax
Total
FY 25/26
Budget
14,668,000
13,171,877
3,454,000
2,879,719
2,207,200
1,645,514
$38,026,310
Inc.
4.0%
3.0%
2.0%
4.0%
2.0%
2.0%
FY 26/27
Forecast
15,254,720
13,567,033
3,523,080
2,994,908
2,251,344
1,678,424
$39,269,509
Inc.
4.0%
3.0%
2.0%
4.0%
2.0%
2.0%
FY 27/28
Forecast
15,864,909
13,974,044
3,593,542
3,114,704
2,296,371
1,711,993
$40,555,562
Inc.
4.0%
3.0%
2.0%
4.0%
2.0%
2.0%
FY 28/29
Forecast
16,499,505
14,393,266
3,665,412
3,239,292
2,342,298
1,746,233
$41,886,006
Inc.
4.0%
3.0%
2.0%
4.0%
2.0%
2.0%
FY 29/30
Forecast
17,159,485
14,825,064
3,738,721
3,368,864
2,389,144
1,781,157
$43,262,435
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