FY27 Proposed Budget

Local Option Sales Tax (2250) Fund Summary

2024

2025

2026

2026

2027

2028

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

-

$

-

$

-

$

-

$

-

$ 2,324,900

Revenues:

Other City Taxes Local Option Sales Tax Use Of Money And Property Interest Revenues

-

-

-

-

14,000,000

14,000,000

- - - - - - - - - - - - - - -

- - - - - - - - - - - - - - -

- - - - - - - - - - - - - - -

- - - - - - - - - - - - - - -

5,000

10,000

Sub-Total Revenues Sub-Total Transfers In

14,005,000

14,010,000

-

-

Total Revenues & Transfers In

$

$

$

$

$ 14,005,000 $ 14,010,000

Expenditures:

Affordable Housing

1,750,000 1,316,300 3,066,300

2,050,000 1,755,000 3,805,000

Partnerships

Sub-Total Expenditures

Transfers Out:

Affordable Housing

1,400,000

1,450,000

Partnerships

213,800

285,000

Property Tax Relief

7,000,000 8,613,800

7,000,000 8,735,000

Sub-Total Transfers Out

Total Expenditures & Transfers Out

$

$

$

$

$ 11,680,100 $ 12,540,000

Fund Balance, June 30

2,324,900

3,794,900

Restricted / Committed /Assigned

-

-

Unassigned Balance

$

$

$

$

$ 2,324,900 $ 3,794,900

% of Revenues & Transfers In

17%

27%

342