FY26 Adopted Budget Final
related to the operation. The budgeted revenues, expenditures, and corresponding fund balances of the City’s enterprise funds are detailed in the following table. Each of the City's enterprise funds are in varying, yet stable conditions. The final column indicates the approximate health of each fund (AAA = Good, AA = Adequate, A = Needs Monitoring).
Estimated Fund Balance 6/30/26
Unassigned Fund
Unassigned Balance as % of Rev & Trans In
Restricted, Committed, Assigned
Estimated Revenues
Transfers In
Budgeted Expenditures
Transfers Out
Fund
Balance, 6/30/2026
Fund Health
Parking 7,134,900 1,500,000
5,320,800 2,697,700 2,966,307 1,118,236
1,848,071
21% A
Transit 5,575,400 6,085,300
10,144,700 3,415,049 4,271,201 2,827,366
1,443,835
12% A
Wastewater 13,665,000 5,365,100
13,718,400 7,591,600 23,062,909 1,385,268
21,677,641
114% A
Water 13,030,800 3,410,474
10,864,300 7,536,474 12,080,447
962,302
11,118,146
68% AA
Refuse 5,311,500
48,100
4,827,500
250,000 3,205,369
-
3,205,369
60% AA
Landfill 8,596,300 1,445,700
6,650,400 1,700,000 26,341,592 22,297,226
4,044,366
40% AA
Airport
456,300
100,000
426,100
93,554
272,358
205,322
67,037
12% A
Stormwater 1,912,700 1,111,100
902,900 2,440,000 1,509,012
418,215
1,090,797
36% AA
ICHA 13,677,700
-
13,828,129
30,700 7,116,360 1,363,537
5,752,823
42% AA
In response to current and anticipated pressures on many of the Enterprise Funds, this budget adopts a few rate and fee increases. Although some funds present stable or adequate positions, proactive, incremental increases to rates are included to avoid larger hikes when the fund is in a more critical condition. • 3% water rate increase (approximately +$1.12/mo. per household) • $2.00 new curbside yard waste sticker fee per bag or bundle if outside of organics bin • $5.00 minimum landfill fee for residential yard waste Additionally, this budget includes a 1% gas and electric franchise fee to support the continuation of fare-free transit service after federal recovery funds are expended. This, in addition to increased parking related fines and fees implemented in FY 2025, should help support the ongoing health of the City’s parking and transit funds.
Capital Improvement Program Overview
The capital budget for FY 2026 totals $65,940,345 in planned expenditures and the five-year CIP totals $236,678,795. The majority of CIP projects in the five-year period aim to improve the local transportation network, municipal utility system, and public parks and open spaces. The five-year program continues to reflect the City Council’s priorities established in previous fiscal years. It is also informed by adopted master plans, data-driven road condition index analyses and long-term utility system plans. Since 2021 it has not
Capital Improvement Projects by Category 2025-2029
ITS 0%
Streets, Bridges, and Traffic Engineering 39% Water,
Airport 5%
Government Buildings 1%
Wastewater & Stormwater 15%
Rec & Culture 16%
Public Safety 8%
Transit & Parking 13%
Landfill 3%
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