TO: Honorable Mayor and Members of the City Council
FROM: Paul Young, Finance Director
SUBJECT:
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2026/27 Budget Adoption
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RECOMMENDED COUNCIL ACTION:
recommendation
1) The City Council adopt the budget and the Appropriations Limit Schedule for FY 2026/27 as recommended by the Budget Committee.
2) The City Council approve the Fund 19 expenditures which are included in the FY 2026/27 budget and listed in the Summary Section.
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SUMMARY:
The City Budget is presented to the Council annually for adoption as the spending plan for the coming fiscal year. The Council's Budget Committee met with staff many times, over the course of many hours and days, and made recommendations regarding the preparation of the proposed budget.
The proposed budget includes the following expenditures out of Fund 19, earmarked by Council to be used for WWTP improvements. By adopting this budget, Council is revising its earmarked funds to be spent as follows:
10-19-760220-0100 Improvements: $200,000 for Kimball Road.
10-19-720340-0100 Professional Services: $12,000 for an MS4 consultant.
PREVIOUS COUNCIL ACTION:
On June 17, 2025, City Council approved the FY 2025/26 Budget and Appropriations limits.
DISCUSSION:
The current 2025/26 budget started with a general fund balance of $8,775,046. Fund balances are resources from prior years available to spend in the current year. The 2025/26 general fund budget is projected to end with $5,567,787, a decrease of $3,167,259. The projection is a conservative estimate based on revenue projections from consultants and current sending patterns, actual results could differ.
The proposed 2026/27 budget begins with an estimated general fund balance of $5,567,787. The 2026/27 general fund budget recommended by the Budget Committee ends with an estimated general fund balance of $693,244, a decrease of $4,874,543.
The General Revenues have been budgeted for $13,674,395, which is $234,768 or a 1.8% increase from the prior year. Detai...
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