HomeMy WebLinkAbout2026 07 13 City Commission Budget Workshop PresentationBudget
Workshop
July 13, 2026
Kevin A. Sweet, MPA, ICMA-CM
City Manager
Leadership Team
Department Director’s
Overall Budget Revenues
Based upon an operating millage
assumption of 2.6200 mills, total
revenues and transfers are projected to
increase by 47.3%. Including
appropriations from fund balance, a
total decrease of 19.9% is projected.
Other Gov – Increase in Sales Tax in
Infrastructure Surtax (4th Gen).
Enterprise - SRF Loan proceeds of
$39.9M
Increase in Water, Sewer, Stormwater
Utility rates.
FY 25/26 FY 26/27
Original Proposed
Budget Budget Change
General 25,262,907 26,844,967 6.3%
Other Governmental 11,250,446 12,666,605 12.6%
Enterprise 29,017,636 67,057,938 131.1%
Sub-Total 65,530,989 106,569,510 62.6%
Appropriations From Fund Balance 14,894,857 11,936,637 -19.9%
Total 80,425,846 118,506,147 47.3%
Organization Wide Sources of Funds
Source % of Total
Loan Proceeds 33.7%
Charges for Service 24.1%
Approp from Fund 10.1%
Intergovernment 9.9%
Ad Valorem Tax 8.8%
Other Taxes 5.5%
Other Misc 2.6%
Franchise Fee 2.5%
Interfund Transfers In 1.8%
Licenses & Permits 1.0%
100.0%
Charges for Service
24.1%
Approp from Fund
10.1%
Ad Valorem Tax
8.8%Intergovernment
9.9%
Other Taxes
5.5%
Interfund
Transfers In
1.8%
Franchise Fee
2.5%
Other
2.6%
Licenses &
Permits
1.0%
Loan Proceeds
33.7%
Overall Budget Expenditure
Total expenditures and transfers out
are projected to increase by 47.6% in
FY 2027. Inclusive of appropriations
to fund balance, a total increase of
47.3% is projected.
Other Gov – Timing of Capital
projects in Infrastructure Surtax (3rd
Gen & 4th Gen).
Enterprise – East Plant Construction
& Design $39.9M loan, timing of
capital projects.
FY 25/26 FY 26/27
Original Proposed
Budget Budget Change
General 26,539,195 27,490,044 3.6%
Other Governmental 18,787,142 19,710,922 4.9%
Enterprise 34,296,874 70,323,531 105.0%
Sub-Total 79,623,211 117,524,497 47.6%
Appropriations To Fund Balance 802,635 981,650 22.3%
Total 80,425,846 118,506,147 47.3%
Organization Wide Applications of Funds
Personnel
18.3%
Capital Outlay
52.3%
Services
8.5%
Utilities
5.2%
Repair and
Maintenance
6.2%
Debt Service
3.2%
Interfund Transfers
Out
1.8%
Other
3.6%
Approp to Fund
0.8%
Application % of Total
Capital Outlay 52.3%
Personnel 18.3%
Services 8.5%
Repair and Maintenance 6.2%
Utilities 5.2%
Other 3.6%
Debt Service 3.2%
Interfund Transfers Out 1.8%
Approp to Fund 0.8%
100%
Expenditure Highlights
Included is 8% health insurance
premium increase.
4 - Additional headcounts in
Stormwater as approved in
Master Plan.
Personnel Costs FY 25/26 FY 26/27
Original Proposed
Budget Budget Change
General 16,163,480 17,378,093 7.5%
Enterprise 3,562,184 4,331,616 21.6%
Total 19,725,664 21,709,709 10.1%
Expenditure Highlights
During the zero-based line-item
review process, each director was
tasked with finding ways to reduce
operating expenditures without
reducing level of service. This
resulted in a balanced budget with
maintaining a 2.62 Millage Rate.
Operating Costs FY 25/26 FY 26/27
Original Proposed
Budget Budget Change
General 8,046,259 8,266,451 2.7%
Other Governmental 6,029,438 5,926,558 -1.7%
Enterprise 12,910,844 13,731,804 6.4%
Total 26,986,541 27,924,813 3.5%
General Fund - Operating Costs FY 25/26 FY 26/27
Original Proposed
Budget Budget Change
Information & General Gov't 2,491,877 2,454,838 -1.5%
Community Development 1,667,317 1,719,885 3.2%
Parks & Recreation 1,567,085 1,564,629 -0.2%
Police 1,613,670 1,715,918 6.3%
Finance 274,556 286,205 4.2%
Public Works 265,753 345,936 30.2%
Executive 166,001 179,040 7.9%
Total 8,046,259 8,266,451 2.7%
General Fund Fiscal Policy Test
GENERAL FUND FISCAL POLICY TEST
Each year, the General Fund is tested to determine if the fund complies with
three internal fiscal policies/guidelines as follows:
1.That sufficient recurring revenue exist to pay for all recurring costs, thus avoiding the
use of non-recurring revenues and fund balances to fund recurring costs.
2. That sufficient recurring and non-recurring revenues are available to fund
non-recurring costs.
3. That the 25% fund balance policy is being maintained (fund balance equal to or
exceeding 25% of personnel and operating costs).
All three policies are being satisfied for FY 2027
General Fund
Source % of Total
Ad Valorem Tax 38.0%
Utility Tax 17.3%
Franchise Fee 10.6%
Intergovernment - Half-Cent 10.1%
Intergovernment - Rev Sharing 6.5%
Other 6.1%
Communication Service Tax 5.9%
Interfund Transfers In 3.1%
Approp from Fund 2.3%
100%
Ad Valorem Tax
38.0%
Utility Tax
17.3%
Intergovernment -
Half-Cent
10.1%
Franchise Fee
10.6%
Intergovernment - Rev
Sharing
6.5%
Communication
Service Tax
5.9%
Interfund
Transfers In
3.1%
Other
6.1%Approp from Fund
2.3%
General Fund Sources & Applications
QUESTIONS