FY 2026 Adopted Budget - Flipbook - Page 97
Funding Sources Project Prioritization
Some of the major projects included in the FY 2026/30 CIP are:
Fire Station # 3 (Fire/Sales Tax)- $3,250,000
Street Resurfacing Citywide (Roads/Sales Tax) - $2,480,000
Library Expansion (Library/Sales Tax) - $2,000,000
Fire Trucks (2) (Fire/Sales Tax) - $2,000,000
Ground Storage Tank (Utility/Water) - $1,900,000
Building Improvements (PW/Sales Tax) - $1,655,500
Vehicle Replacements (Police/Sales Tax) - $1,575,000
Process & Clarification Tank Rehabilitation (Utility/Sewer) - $1,520,000
Floating Solar Panels (Utility/Sewer) - $1,500,000
New Facility Building/Fire Admin (Building/Sales Tax) - $1,790,000
Heathrow WTP Ground Storage Tank (Utility/Water) - $1,160,000
Water Meter Rebuild & Replace (Utility/Water) - $1,040,000
New ERP System Finance/Utility (Sales Tax/Utility CS) - $1,000,000
Life Station 7 Expansion (Utility/Sewer) - $960,000
Infiltration & Intrusion (Utility/Sewer) - $950,000
Bates Ave Plant Generator Overhaul (Utility/Sewer) - $880,000
SR19 FDOT Landscape Maintenance (Roads/Transportation) - $750,000
Master Lift Station (Utility/Sewer) - $720,000
Rosenwald 7 Blocks (Utility/Impact Fees) – 700,000
Sales Tax Capital Projects Fund
This fund accounts for the capital expenditures of the one-cent infrastructure sales tax to be incurred
over a period of five years. Each project is presented along with the amount to be expended each
year and the method of paying for those expenditures.
Proprietary Funds
The City uses proprietary funds to account for its business-type activities. The City has several
proprietary funds. These proprietary funds include fees or charges on external users for use of the
services provided.
Water and Wastewater Revenue Fund – This fund accounts for user fees and other revenues
related to the operation of the City’s utility system. Fees are charged to the users for service
to fund the ongoing operating and capital needs of water, sewer, and reclaimed water services
provided.
Reclaimed Water Project Fund – This fund accounts for reclaimed water projects that are used
for irrigation and other uses to supplement the City’s water supply. Funding is derived from
inter-fund transfers from the Water and Sewer Revenue Fund.
Water and Wastewater Renewal and Replacement Fund – This fund covers anticipated expenses
for major repairs of the City’s utility facilities as well as replacement of related equipment.
Funding is derived from inter-fund transfers from the Water and Sewer Revenue Fund.
FY 2025/26 Budget Development
This section describes the major sources of revenues and expenditures, along with trends utilized
in developing the FY 2025/26 Adopted Budget. The City maintains a balanced budget approach in
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