HomeMy WebLinkAboutFY26 2024 08 19 WorkshopFiscal Year 2026
Proposed Budget
October 1, 2025 – September 30, 2026
August 19, 2025
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Agenda
Types of Funds
Funds we will be going over
General
Enterprise
Special Revenue
EDC
August 19, 2025
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Types of Funds
General Fund – Principal financial support for basic services in public safety, parks & recreation, and general government operations, etc.
Enterprise Fund – Provides goods or services directly to customers in exchange for payment; self-sufficient, created to generate revenue to cover expenses; acts like a business.
Special Fund – Created for a special purpose and used(funds disbursed) only for the purpose for which it was created
August 19, 2025
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Funds we will be going over
General:
Debt Service
Transit
Enterprise:
Solid Waste
Pleasure Island
Special Revenue
TIRZ
All other Special Revenue
Internal Services
EDC
August 19, 2025
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General
Debt Service
All Transfers have been accounted for to provide the payments for debt service:
General
Water and Sewer
Solid Waste
Pleasure Island
EDC
Transit
All revenue, expenditures, transfers and capital have been accounted for and balanced.
August 19, 2025
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Enterprise
Solid Waste
The budget is balanced
Pleasure Island
The budget is balanced
August 19, 2025
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Special Revenue
TIRZ – Tax Increment Reinvestment Zone
More revenue coming in as a result of increased tax assessed value in 2025
Internal Services – Worker’s Comp, General Liability, Health Insurance, Other Employee Benefits
All Other Special Revenue – Municipal Court Technology and Building Fund, Home Grant, Housing Programs, CDBG, Hotel Occupancy Tax, Regulatory Enforcement, Police, CDBG-Disaster Recovery,
Hazard Mitigation, ARPA, Health, Opioid Trust, Golf Course, Transit
All are balanced with revenue and expenditures
August 19, 2025
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Economic Development Corporation
Currently Balanced
Fund balance in excess of $16 million
No reserve fund used – Only revenue received became revenue budgeted
August 19, 2025
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Budget Process Status
Highlights:
Recommended increase of 19 authorized personnel in Solid Waste based on Solid Waste Master Plan Study:
12 more in Trash Collection increasing total 26
3 more in Container Service total 8
2 more in Equipment Operator(s) in Landfill total 2
2 more Landfill Maintenance Worker II(s) total 3
Increase of 1 authorized personnel in Transit
1 more Administrative Clerk II in Vehicle Maintenance total 1
August 19, 2025
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