FY26 Proposed Budget

Fund Balance: The Wastewater Fund’s unassigned fund balance at fiscal year 2024 year-end was higher than fiscal year 2023 by approximately $2,187,940 or 12.1% This increase was primarily due to all debt being paid off and no longer needing to have a debt reserve.

In fiscal years 2025, the revised unassigned fund balance is expected to increase by $2,986,890 or 14.8%. This increase is due to increased wastewater rates in fiscal year 2025.

In fiscal year 2026, the unassigned fund balance is budgeted to decrease by $1,529,920 or 6.6% primarily due to debt service payments for planned revenue bonds to be issued in fiscal year 2026.

Fund Balance (1)

$30,000,000

$25,000,000

$20,000,000

$15,000,000

$10,000,000

$5,000,000

FY2023 FY2027 Restricted/Assigned $3,142,160 $1,905,068 $2,135,268 $1,385,268 $1,319,268 Unassigned $18,032,715 $20,220,651 $23,207,541 $21,677,621 $20,284,897 $0 FY2024 FY2025 FY2026

(1) FY25 - FY27 figures are estimates. The Wastewater Fund maintains a reserved fund for capital reserves. The capital reserve is assigned to build reserves for future system and infrastructure improvements. The assigned fund balance in the capital reserve is anticipated to be $1,385,268 in fiscal year 2026.

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