FY26 Proposed Budget

STORMWATER FUND

The Stormwater Fund is an enterprise fund that accounts fo r the activities of the City’s Stormwater Utility.

Fund Balance: The Stormwater F und’s fund balance on June 30, 2024 was $1,677,132 which was a 30.5% increase from the fiscal year 2023. The revised fiscal year 2025 fund balance is estimated to increase 9.0% from fiscal year 2024 to $1,828,112. These changes are primarily due to the level of capital project funding and the amounts that are retained in the capital reserves at year end. Fiscal year 2026 projected fund balance represents a 18.6% decrease over the revised budgeted fiscal year 2025 estimated year-end balance and is estimated to finish at $1,509,012. This decrease is due to the increase in administrative fees. In fiscal year 2020, a Capital Reserve fund was created in the Stormwater Fund to set funds aside for future infrastructure replacement. These funds are shown below as assigned. The revised Capital Reserve balance is expected to be at $658,215 in fiscal year 2025 and $418,215 in fiscal year 2026.

Fund Balance (1)

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$-

FY2023

FY2024

FY2025

FY2026

FY2027

Assigned

$432,961

$593,215

$658,215

$418,215

$1,278,215

Unassigned $851,791

$1,083,917

$1,169,897

$1,090,797

$1,009,688

(1) FY25 - FY27 figures are estimates.

490