FY26 Proposed Budget

The changes to the 2025 CIP are amended into the fiscal year 2025 operating budget. The fiscal year 2025 Capital Projects Fund expenditure budget also includes totals from the carry forward of prior year projects that must be re-appropriated with the State. The amounts being carried forward from prior years are not included in the five-year CIP totals. The revised Capital Projects Fund expenditures for fiscal year 2025 are $151,502,553; the revised budget includes the 2025 CIP expenditures of $49,272,300 and prior year project carry forwards of $102,230,253. The revised fiscal year 2025 Capital Projects Fund revenues and transfers in budget also includes totals from the carry forward of prior year projects. The amounts being carried forward from prior years are not included in the five-year CIP totals. The revised Capital Projects Fund revenues and transfers in for fiscal year 2025 are $99,349,520; the revised budget includes the 2025 CIP funding sources of $61,090,345 and a transfer in from the TIF funds to reimburse for prior year expenditures of $200, and prior year project carry forwards of $38,258,975. Fund balance in the Capital Projects Fund primarily represents unspent funding sources from the current year and prior years. This balance fluctuates based on the timing of the issuance of bonds and the timing of the project expenditures. The estimated ending fund balance for fiscal year 2026 is -$3,273,454.

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