FY26 Proposed Budget

Expenditures:

The fiscal year 2026 expenditures increased $507,348 from budgeted fiscal year 2025. The increase is largely due to an increase in administrative fees. Personnel costs makes up 33.4% of the Water fund’s expenditure budget for fiscal year 2026.

Expenditure Trends

$12,000,000

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

$-

2023 Actual

2024 Actual

2025 Budget

2025 Revised 2026 Budget

2027 Projected

Personnel

Services

Supplies

Capital Outlay Debt Service

Long-term Projections:

Projected Revenues vs Expenditures

$13,000,000 $14,000,000 $15,000,000 $16,000,000 $17,000,000 $18,000,000 $19,000,000

2025 Revised

2026 Budget

2027 Projected

2028 Projected

2029 Projected

2030 Projected

Total Revenues

Total Expenses

Future revenues are projected to gradually increase as the number of accounts is projected to grow by 1% annually. Fiscal years 2026 revenues are projected to increase as transfers for debt service and capital reserves increase. 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 increase in fiscal year 2025 & 2026 due to an increase in Capital Project fund transfers out as well as capital reserves.

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