FY26 Proposed Budget

Employee Benefits (2400) Fund Summary

2023

2024

2025

2025

2026

2027

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 4,130,695 4,287,577 $ $ 3,905,520 3,577,050 $ $ 3,541,825 $ 3,541,825

Revenues:

Property Taxes

14,081,670 13,963,624

14,503,900 14,503,900

14,529,100

14,964,973

Other City Taxes Gas/Electric Excise Tax

167,663 11,332

160,034 10,266

140,400 11,300

140,400 11,300

140,400 11,300

140,400 11,300

Mobile Home Tax

Intergovernmental

Property Tax Credits State 28E Agreements

257,665 338,633

346,316 384,249

296,100 384,200

296,100 384,200

208,600 389,800

144,700 389,800

Miscellaneous Other Miscellaneous Revenue

-

359

-

-

-

-

Sub-Total Revenues

14,856,963 14,864,848

15,335,900 15,335,900

15,279,200

15,651,173

Transfers In:

Transfers In-Govt Activities

- -

1,274 1,274

- -

- -

- -

- -

Sub-Total Transfers In

Total Revenues & Transfers In

$ 14,856,963 14,866,122 $ $ 15,335,900 15,335,900 $ $ 15,279,200 $ 15,651,173

Expenditures:

General Government Employee Benefits

497,136

604,088

478,925 668,000

478,925 668,000

471,400

481,511

Public Safety Employee Benefits

712,331 1,135,820 1,209,467 1,739,908

1,245,500 1,716,900

1,257,955 1,739,466

Sub-Total Expenditures

1,146,925 1,146,925

Transfers Out:

Employee Benefits Levy Sub-Total Transfers Out

13,490,614 13,836,741 13,490,614 13,836,741

14,224,200 14,224,200 14,224,200 14,224,200

13,562,300 13,562,300

14,325,000 14,325,000

Total Expenditures & Transfers Out

$ 14,700,081 15,576,649 $ $ 15,371,125 15,371,125 $ $ 15,279,200 $ 16,064,466

Fund Balance, June 30

4,287,577 3,577,050

3,870,295 3,541,825

3,541,825

3,128,532

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$ 4,287,577 3,577,050 $ $ 3,870,295 3,541,825 $ $ 3,541,825 $ 3,128,532

% of Revenues

29%

24%

25%

23%

23%

20%

393