FY27 Proposed Budget

Employee Benefits (2400) Fund Summary

2024

2025

2026

2026

2027

2028

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 4,287,577 3,577,050 $ $ 3,541,825 3,430,559 $ $ 3,430,559 $ 3,458,159

Revenues:

Property Taxes

13,963,624 14,422,373

14,514,700 14,514,700

15,580,300

16,047,700

Other City Taxes Gas/Electric Excise Tax

160,034 10,266

157,271 10,797

139,100 11,300

139,100 11,300

152,100 10,800

152,100 10,800

Mobile Home Tax

Intergovernmental

Property Tax Credits State 28E Agreements

346,316 384,249

283,737 389,807

208,600 389,800

208,600 389,800

144,800 483,200

144,800 483,200

Miscellaneous Other Miscellaneous Revenue

359

-

-

-

-

-

Sub-Total Revenues

14,864,848 15,263,985

15,263,500 15,263,500

16,371,200

16,838,600

Transfers In:

Transfers In-Govt Activities

1,274 1,274

- -

- -

- -

- -

- -

Sub-Total Transfers In

Total Revenues & Transfers In

$ 14,866,122 15,263,985 $ $ 15,263,500 15,263,500 $ $ 16,371,200 $ 16,838,600

Expenditures:

General Government Employee Benefits

604,088

451,778

471,400

471,400

488,500

499,000

Public Safety Employee Benefits

1,135,820

734,498 1,245,500

1,245,500

1,154,000 1,642,500

1,165,500 1,664,500

Sub-Total Expenditures

1,739,908 1,186,276

1,716,900 1,716,900

Transfers Out:

Employee Benefits Levy Sub-Total Transfers Out

13,836,741 14,224,200 13,836,741 14,224,200

13,546,600 13,546,600 13,546,600 13,546,600

14,701,100 14,701,100

15,142,100 15,142,100

Total Expenditures & Transfers Out

$ 15,576,649 15,410,476 $ $ 15,263,500 15,263,500 $ $ 16,343,600 $ 16,806,600

Fund Balance, June 30

3,577,050 3,430,559

3,541,825 3,430,559

3,458,159

3,490,159

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$ 3,577,050 3,430,559 $ $ 3,541,825 3,430,559 $ $ 3,458,159 $ 3,490,159

% of Revenues

24%

22%

23%

22%

21%

21%

351