FY26 Proposed Budget

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. A column has been added to indicate the approximate health of each fund (AAA = Good, AA = Adequate, A = Needs Monitoring).

Estimated Fund Balance 6/30/26

Unassigned Fund Balance, 6/30/2026 1,848,071 1,443,835 21,677,641 11,118,146 3,205,369 4,044,366

Unassigned Balance as % of Rev & Trans In

Restricted, Committed, Assigned

Estimated Revenues

Transfers In

Budgeted Expenditures

Transfers Out

Fund

Fund Health

Parking 7,134,900 1,500,000 Transit 5,575,400 6,085,300 Wastewater 13,665,000 5,365,100 Water 13,030,800 3,410,474

5,320,800 2,697,700 2,966,307 1,118,236 10,144,700 3,415,049 4,271,201 2,827,366 13,718,400 7,591,600 23,062,909 1,385,268

21% A 12% A 114% A 68% AA 60% AA 40% AA 12% A 36% AA 42% AA

10,864,300 7,536,474 12,080,447

962,302

Refuse 5,311,500

48,100

4,827,500

250,000 3,205,369

-

Landfill 8,596,300 1,445,700

6,650,400 1,700,000 26,341,592 22,297,226

Airport

456,300

100,000

426,100

93,554

272,358

205,322 418,215

67,037

Stormwater 1,912,700 1,111,100

902,900 2,440,000 1,509,012

1,090,797 5,752,823

ICHA 13,677,700

-

13,828,129

30,700 7,116,360 1,363,537

In response to some of 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 compost 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 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%

Public Safety 8% Government Buildings 1%

Wastewater & Stormwater 15%

Rec & Culture 16%

Transit & Parking 13%

Landfill 3%

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