CITY COUNCIL
FY 2023-24
Actual
FY 2024-25
Budget
FY 2025-26
Projection
FY 2026-27
Projection
FY 2027-28
Projection
FY 2028-29
Projection
FY 2029-30
Projection
Beginning Fund Balance $11,511 $11,124 $7,687 $6,619 $4,493 $3,209 $1,755 Total Revenue 22,659 22,753 23,472 24,228 25,012 25,823 26,663 Total Expenditures 23,045 26,190 24,539 26,355 26,295 27,277 27,821 Surplus or (Deficit) (387) (3,437) (1,068) (2,127) (1,284) (1,454) (1,158) Ending Fund Balance $11,124 $7,687 $6,619 $4,493 $3,209 $1,755 $596 Fund Balance % 48.3% 29.4% 27.0% 17.0% 12.2% 6.4% 2.1%
(In thousands)
General Fund Financial Forecast
FY 2023-24
Actual
FY 2024-25
Budget
FY 2025-26
Projection
FY 2026-27
Projection
FY 2027-28
Projection
FY 2028-29
Projection
FY 2029-30
Projection
Beginning Fund Balance $11,511 $11,124 $7,687 $7,252 $5,779 $5,172 $4,419 Total Revenue 22,659 22,753 23,472 24,228 25,012 25,823 26,663 Total Expenditures 23,045 26,190 23,907 25,701 25,618 26,576 27,096 Surplus or (Deficit) (387) (3,437) (436) (1,473) (607) (753) (433) Ending Fund Balance $11,124 $7,687 $7,252 $5,779 $5,172 $4,419 $3,986 Fund Balance % 48.3% 29.4% 30.3% 22.5% 20.2% 16.6% 14.7% (In thousands)
General Fund Financial Forecast
FY 23-24
Actual
FY 24-25
Budg
FY 25-26
Proj
FY 26-27
Proj
FY 27-28
Proj
FY 28-29
Proj
FY 29-30
Proj
Salaries & Taxes $8,234 $8,584 $8,677 $8,981 $9,295 $9,620 $9,957 Employee Benefits 2,400 2,339 2,457 2,583 2,716 2,858 3,008 Pension Costs 2,156 2,574 2,868 3,109 3,258 3,562 3,654 Fire Services (FCFA) 2,942 3,078 2,761 2,858 2,958 3,062 3,169 Contractual Services 2,972 3,666 3,402 3,470 3,539 3,610 3,682 $0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
EXPENDITURES (IN THOUSANDS)
Key General Fund Expenditures
FY 2023-24
Actual
FY 2024-25
Budget
FY 2025-26
Projection
FY 2026-27
Projection
FY 2027-28
Projection
FY 2028-29
Projection
FY 2029-30
Projection
Beginning Fund Balance
General Fund $ 11,511 $ 11,124 $ 7,687 $ 7,252 $ 5,779 $ 5,172 $ 4,419 Measure E Sales Tax Fund - - 1,483 - - - -
Measure O Sales Tax Fund 7,685 4,815 3,728 3,366 2,668 3,256 3,494 Total Beginning Fund Balance 19,196 15,940 12,899 10,617 8,447 8,428 7,913 Revenue
General Fund 22,659 22,753 23,472 24,228 25,012 25,823 26,663 Measure E Sales Tax Fund - 1,483 6,092 6,275 6,463 6,657 6,857 Measure O Sales Tax Fund 3,283 2,966 3,046 3,138 3,232 3,329 3,429 Total Revenue 25,942 27,202 32,610 33,641 34,707 35,809 36,948 (In thousands)
General Fund & Measures E & O Financial Forecast
FY 2023-24
Actual
FY 2024-25
Budget
FY 2025-26
Projection
FY 2026-27
Projection
FY 2027-28
Projection
FY 2028-29
Projection
FY 2029-30
Projection
Expenditures
General Fund 23,045 26,190 23,907 25,701 25,618 26,576 27,096 Measure E Sales Tax Fund
CIP - Pavement Improvement 7,575 6,275 6,463 6,657 6,857 Measure O Sales Tax Fund
Five Cities Fire Authority 949 995 1,487 1,539 1,593 1,649 1,706 Police Services 208 200 415 429 444 460 476
Supplies/Services 8 57 57 57 57 57 57
Animal Control Services 49 60 60 60 60 60 60
Capital Improvement Program 4,918 2,721 1,370 1,730 470 845 1,100 USDA City Hall loan 20 20 20 20 20 20 20
Total Expenditures 29,198 30,243 34,891 35,811 34,726 36,324 37,372 (In thousands)
General Fund & Measures E & O Financial Forecast
FY 2022-23
Actual
FY 2023-24
Actual
FY 2024-25
Budget
FY 2025-26
Projection
FY 2026-27
Projection
FY 2027-28
Projection
FY 2028-29
Projection
FY 2029-30
Projection
Surplus or (Deficit)
General Fund 776 (387) (3,437) (436) (1,473) (607) (753) (433) Measure E Sales Tax Fund - - 1,483 (1,483) - - - -
Measure O Sales Tax Fund 1,658 (2,869) (1,087) (363) (698) 588 238 9 Total Surplus or (Deficit) 2,434 (3,256) (3,041) (2,281) (2,170) (19) (515) (424) Ending Fund Balance
General Fund 11,511 11,124 7,687 7,252 5,779 5,172 4,419 3,986 Measure E Sales Tax Fund - - 1,483 - - - - -
Measure O Sales Tax Fund 7,685 4,815 3,728 3,366 2,668 3,256 3,494 3,503 Total Ending Fund Balance $ 19,196 $ 15,940 $ 12,899 $ 10,617 $ 8,447 $ 8,428 $ 7,913 $ 7,490 (In thousands)
General Fund & Measures E & O Financial Forecast
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CITY COUNCIL