FY27 Proposed Budget

Expenditures:

The fiscal year 2027 expenditures decreased $347,300 from budgeted fiscal year 2026. The decrease is largely due all of the debt being paid off.

Personnel costs makes up 37.1% of the Water fund’s expenditure budget for fiscal year 2027.

Expenditure Trends

$12,000,000

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

$-

2023 Actual

2024 Actual

2025 Budget

2025 Revised 2026 Budget 2027 Projected

Personnel

Services

Supplies

Capital Outlay Debt Service

Long-term Projections:

Future revenues are projected to gradually increase as the number of accounts is projected to grow by 1% annually. Fiscal years 2026 revenues are projected to increase as transfers for capital reserves increase. Future expenditures were projected with the assumptions that personnel related expenditures would grow at a 3% rate annually and services and supplies would grow at a 2% rate annually. Expenditures increase in fiscal year 2026 due to an increase in Capital Project fund transfers out as well as capital reserves.

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