FY26 Proposed Budget

Expenditures: The fiscal year 2026 budgeted expenditures, not including debt service, are estimated to be 11.1% higher than the fiscal year 2025 revised expenditures. This is due to an increase in all types of expenditures including increased insurance premiums and administrative charges.

Expenditure Trends

$15,000,000

$10,000,000

$5,000,000

$-

2023 Actual

2024 Actual

2025 Budget 2025 Revised 2026 Budget 2027 Projected

Personnel

Services

Supplies

Capital Outlay Debt Service

28% of the Wastewater Fund’s expenditures were for revenue bond principal and interest payments. All outstanding sewer revenue bonds were repaid by the end of fiscal year 2023. However, two new revenue bond issues are planned for fiscal year 2026 to fund capital projects.

Long-term Projections:

Future Charges for Services revenues for Wastewater are projected forward based on an account growth rate of 1%. It is anticipated that future rate increases will be needed to pay for the revenue bonds planned in fiscal year 2026. Future expenditures were projected with the assumptions that personnel related expenditures would grow at a 3% rate annually and services and supplies would grow at a 2% rate annually. Expenditures and revenues are expected to increase in fiscal year 2025 as a result of additional transfer to establish a debt service reserve.

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