FY 2026 Adopted Budget - Flipbook - Page 16
The estimated beginning fund balance of all 24 City funds for FY 2025/26 is budgeted at $117,642,240.
Budgeted revenue is $67,612,571 and budgeted expenditures are $68,436,363. This results in a
total City budgeted ending fund balance of $116,818,448. Of that amount $67,330,102 is dedicated
by law or policy as reserves, leaving a remaining available undesignated fund balance
of $49,488,346. (Budget Summary, page . This allows for a healthy fund balance, as well as
ample funding for upcoming utility infrastructure needs as identified in the Capital Improvement
Plan. The Capital Improvement Plan for FY 2026/2030 is included in the Capital Improvement
Section at the end of this budget book.
Fund Balances and Reserves
The C i t y ’s financial policies call for a targeted reserve amount for its various funds. The target
amounts and currently available amounts for the various funds are as follows:
Table 2: Fund Balances & Reserves
Fund Type
Target
General
90 Days
Library Contribution
Sales Tax
FY 25/26
Reserves
6,796,783
Available
Fund
Balance
Total
11,062,683
17,859,466
N/A
-
27,358
27,358
90 Days
-
1,061,378
1,061,378
Law Enforcement Education
N/A
-
74,886
74,886
Police Forfeiture
N/A
-
59,493
59,493
Street Improvement
90 Days
666,488
(594,007)
72,481
Community Redevelopment
90 Days
1,422,544
1,690,594
3,113,138
General Government Grants
-
-
-
Building Services
90 Days
538,460
979,350
1,517,810
Stormwater Utility
90 Days
333,427
(404,429)
(71,002)
Water & Sewer
90 Days
3,961,077
18,778,623
22,739,700
Reclaimed Water
90 Days
-
178,760
178,760
Water & Sewer R&R
90 Days
-
14,903,919
14,903,919
N/A
-
283,983
283,983
Fire Prevention
N/A
Greenwood Cemetery Trust
N/A
-
250,594
250,594
Police Pension
N/A
27,079,045
-
27,079,045
Fire Pension
N/A
16,625,932
-
16,625,932
Parks & Recreation Impact Fund
N/A
-
412,672
412,672
Law Enforcement Impact Fund
547,395
547,395
90 Days
5,420,156
-
5,420,156
Sewer Impact Fund
90 Days
4,915,511
90 Days
4,915,511
(429,321)
-
Economic Development
-
175,094
175,094
$67,330,102
$49,488,346
$116,818,448
Water Impact Fund
Library Impact Fund
TOTAL
N/A
N/A
(429,321)
Anticipated Increases in Expenditures
This year the budget includes the following notable cost increases:
Ɣ
Cost of Living Adjustments of 5% for all employees, reflecting a total salary increase of
$766,751 (Salary & Benefits Increase/Decrease, page ). This increase is necessary to retain
employees and to reach the State mandated minimum wage of $15.00/hour by 2026.
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