FY 2027
Budget Adoption
Bruce Foltz
Finance Director
June 3, 2026
AGENDA
01 Total – All Funds
02 03 Proprietary Funds
General Fund
General Fund Forecast
Enterprise Funds
2 Total
All Funds
3 Revenues All Funds
FY 2027 Proposed $498.7 Million
4 Governmental Funds
General Fund $ 243,766,624
Special Revenue Funds 31,261,849
Capit al Project Funds 3,460,803
Subt ot al 278,489,276
Proprietary or Business Type
Ent erprise Funds 162,074,331
Int ernal Service Funds 40,873,691
Subt ot al 202,948,022
Fiduciary Funds
A gency Funds 7,970,954
Privat e Purpose Trust Funds 9,246,063
Subt ot al 17,217,017
Total $ 498,654,315
Governmental Funds
$278.5
55.8%
Proprietary or
Business Type
$202.9
40.7%
Fiduciary Funds
$17.2
3.5%
Expenditures All Funds
FY 2027 Proposed $508.7 Million
5 Governmental Funds
General Fund $ 243,524,970
Special Revenue Funds 32,740,522
Capit al Project Funds 4,358,315
Subt ot al 280,623,807
Proprietary or Business Type
Ent erprise Funds 181,403,389
Int ernal Service Funds 37,485,746
Subt ot al 218,889,135
Fiduciary Funds
A gency Funds 7,408,240
Privat e Purpose Trust Funds 1,825,988
Subt ot al 9,234,228
Total $ 508,747,170
Governmental Funds
$280.6
55.2%
Proprietary or
Business Type
$218.9
43.0%
Fiduciary Funds
$9.2
1.8%
General Fund
6 FY 2027 Proposed $243.8 Million
7 FY 2027 General Fund Estimated Revenues $243.8 Million FY 2023
Actuals
FY 2024
Actuals
FY 2025
Actuals
FY 2026
YTD Budget
FY 2027
Proposed
Transfers In 1.1 1.3 1.3 1.4 1.5
Revenue 217.4 232.7 243.3 241.1 242.3
Total Inflows 218.5 234.0 244.6 242.5 243.8
$218.5
$234.0
$244.6
$242.5
$243.8
$200
$205
$210
$215
$220
$225
$230
$235
$240
$245
$250
Million
FY 2026 Proposed $230.7 Million
8 FY 2027 General Fund Estimated Revenues $243.8 Million $0
$22
$43
$65
$86
$108
$129
$151
$172
$194
$215
$237
$258
Millions
FY 2027 Estimate
Sales Tax
Prop Taxes
Other Taxes
Charges for Services
Other Revenues
Investment Earnings
Payment in Lieu
Intergovernmental
Licenses, Fees & Permits
Transfers In
Fines, Penalties & Forfeitures
Special Assessments
Other Financing Sources
These 5 categories make up
87.5% of General Fund Revenues
FY 2027 Proposed $243.8 Million
9 FY 2027 General Fund Estimated Revenues $243.8 Million Proposed $ FY 2027 to
Total General fund FY24 Actuals FY25 Actuals FY26 YTD Budget 2027 Budget FY 2026 Budget Property Tax 64,969,085 67,414,475 68,469,800 71,653,700 3,183,900 Sales Tax 97,709,068 98,620,077 100,207,312 99,794,596 (412,716) Other Taxes 15,166,752 16,296,271 16,144,202 16,715,401 571,199 Licenses, Fees & Permits 2,273,820 2,827,620 2,408,480 2,622,234 213,754 Fines, Penalties & Forfeitures 1,420,858 1,031,601 1,197,981 1,068,286 (129,695) Special Assessments 777,314 1,000,503 787,463 1,149,435 361,972 Investment Earnings 14,120,417 14,307,050 8,513,667 9,944,963 1,431,296 Intergovernmental 3,899,069 7,519,958 3,729,107 3,609,585 (119,522) Charges for Services 13,840,200 14,534,318 12,960,231 14,599,390 1,639,159 Payment in Lieu 6,336,890 7,774,866 8,024,801 8,573,037 548,236 Other Financing Sources - - - 2,000,000 2,000,000
Other Revenue 12,173,450 11,945,322 18,660,382 10,541,756 (8,118,626) Transfer-in 1,289,243 1,291,254 1,426,930 1,494,240 67,310 Total Revenues 233,976,164 244,563,316 242,530,356 243,766,624 1,236,268 FY 2027 Proposed $243.5 Million
10 General Fund Operating & CIP Budget
Administrative
$25.2
10.4%
Public Safety
$111.1
45.6% Community
Service
$39.0
16.0%
Other
$68.2
28.0%
General Fund
Cit y Manager's Office $ 10,452,674
Economic Development 1,660,522
Elect ed Officials 209,032
Finance 5,992,696
Human Resources 3,403,133
Informat ion Technology 806,352
Legal & Risk Management 2,693,607
A dminist rat ive Depart ment s 25,218,015
Fire 43,351,840
Police 67,765,633
Public Safet y Depart ment s 111,117,473
Communit y Services 21,472,134
Planning & Development 10,666,179
Public Works 6,853,955
Communit y Service Depart ment s 38,992,267
Debt Service 25,959,928
General Government 36,769,315
O&M Project s 288,573
CIP Project s 2,626,495
Transfer-Out 2,552,903
Ot her 68,197,214
Tot al Operat ing Budget 243,524,970
General Fund Operating & CIP Budget
FY 2027
11 Department Personnel Contractual Materials and
Supplies Utilities Projects Transfers Grand Total % of Total City M anager's Offic e $ 4,490,894 $ 5,611,061 $ 340,872 $ 9,848 $ - $ 10,452,674 Ec onomic Dev elopment 1,089,422 431,525 126,075 13,500 - 1,660,522 Elec ted Offic ials - City Counc il 175,145 - 14,700 4,058 - 193,903 Elec ted Offic ials - City Treasurer 15,129 - - - - 15,129 Financ e 5,019,296 926,290 46,630 480 - 5,992,696
Human Resourc es 2,651,518 453,000 298,115 500 - 3,403,133 Information Tec hnology 182,771 622,981 600 - - 806,352 Legal & Risk M anagement 2,455,991 220,328 15,068 2,220 - 2,693,607 Subtotal Administrative Departments 16,080,165 8,265,185 842,060 30,606 - - 25,218,015 10.4% Fire 39,465,358 515,348 3,322,569 48,565 - 43,351,840
Polic e 58,731,544 2,001,067 6,925,670 107,352 - 67,765,633 Subtotal Public Safety 98,196,902 2,516,415 10,248,239 155,917 - - 111,117,473 45.6% Community Serv ic es 11,236,223 4,173,962 5,830,538 231,410 - 21,472,134 Planning & Dev elopment 8,027,868 2,119,138 507,769 11,405 - 10,666,179 Public Works 4,628,595 879,000 1,329,359 17,000 - 6,853,955 Subtotal Community Service Departments 23,892,687 7,172,100 7,667,666 259,815 - - 38,992,267 16.0% Debt Serv ic e - 10,778 25,949,150 - - 25,959,928
General Gov ernment 11,583,269 1,580,440 18,449,368 5,156,238 - 36,769,315 Transfers-Out 2,552,903 2,552,903
O&M Projec ts - - - - 288,573 288,573
CIP Projec ts - - - - 2,626,495 2,626,495
Subtotal Other 11,583,269 1,591,218 44,398,518 5,156,238 2,915,068 2,552,903 68,197,214 28.0% Grand Total $ 149,753,023 $ 19,544,917 $ 63,156,483 $ 5,602,576 $ 2,915,068 $ 2,552,903 $ 243,524,970 % of Total 61.5% 8.0% 25.9% 2.3% 1.2% 1.0%
Measure X FY 2027 Spending Plan
FY 2027
12 Category
FY 2027
Recurring
FY 2027
One-Time
Total
FY 2027
Funding
Economic Development $ 442,557 $ - $ 442,557
Public Safety 18,264,117 - 18,264,117
Service Improvements 5,675,635 - 5,675,635
Proactive Debt Retirement 11,150,239 - 11,150,239
Homelessness 5,755,602 - 5,755,602
Infrastructure Investments 1,050,617 290,000 1,340,617
Parks & Recreation 2,530,769 - 2,530,769
Community
Building/Engagement 1,704,621 - 1,704,621
Totals $ 46,574,158 $ 290,000 $ 46,864,158
Public
Safety…
Proactive
Debt
Retirement
Homelessness 23.8%
12.3%
Service
Improvements
12.1%
Infrastructure
2.9%
Economic
Development
0.9% Parks &
Recreation
5.4%
Community
Building 3.6%
General Fund Financial Forecast
FY 2027
13 Actuals Actuals Adopted Amended Proposed Forecast Forecast Forecast Forecast FY 2024 FY 2025 FY 2026 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 Rev enues $ 232,686,921 $ 243,272,062 $ 240,354,813 $ 241,103,426 $ 242,272,384 $ 247,882,608 $ 252,537,373 $ 259,571,661 $264,636,646 Operational Rev enues City Park - - - - - - - 1,853,200 1,871,700 Transfers In 1,289,243 1,291,254 1,484,678 1,361,138 1,494,240 2,170,686 2,874,768 3,000,931 3,144,183 Revenues 233,976,164 244,563,316 241,839,491 242,464,564 243,766,624 255,253,294 263,612,141 272,625,792 278,652,529 Personnel Expenditures (111,129,468) (124,874,753) (141,377,358) (142,039,150) (149,753,023) (156,396,614) (162,006,939) (167,946,892) (172,497,268) Operating Expenditures (54,515,511) (60,266,912) (61,018,684) (71,160,879) (62,344,048) (64,120,964) (65,952,619) (66,463,991) (67,728,959) Debt Serv ice / Principal Payments (22,386,117) (23,344,127) (24,088,167) (24,091,212) (21,680,157) (21,877,804) (22,073,052) (22,558,529) (22,581,398) Debt Serv ice - New Bond Issuance (4,279,771) (7,336,750) (7,336,750) (7,336,750) (7,336,750) Capital Improv ement Projects (8,063,186) (16,551,809) (4,792,802) (47,973,285) (2,626,495) (3,700,000) (3,700,000) (3,700,000) (3,700,000) O&M Projects (4,812,405) (24,424,149) (20,000) (18,856,471) (288,573) (300,000) (300,000) (300,000) (300,000) Transfers Out (4,716,656) (1,764,329) (757,636) (457,636) (552,903) (1,519,229) (2,208,968) (2,320,631) (2,449,183) Pension Trust Contribution (2,000,000) (2,000,000) (2,000,000) (2,300,000) (2,000,000) Operational Costs City Park - - - - - - - (1,999,000) (2,058,970) Expenditures (207,623,344) (253,226,079) (234,054,646) (306,878,633) (243,524,970) (255,251,361) (263,578,327) (272,625,792) (278,652,529) -
Net Surplus (Deficit) $ 26,352,820 $ (8,662,763) $ 8,027,097 $ (64,414,069) $ 241,654 $ 1,933 $ 33,814 $ 0 $ 0 Fund Balance Beginning 95,412,703 95,412,703 30,998,634 31,240,288 31,242,221 31,276,034 31,276,035 Fund Balance Ending $ 30,998,634 $ 31,240,288 $ 31,242,221 $ 31,276,034 $ 31,276,035 $ 31,276,035 Proprietary Funds
Enterprise Funds
14 Water Utility – Revenues & Expenditures
FY 2027
Millions
15 Fiscal Year 2027 breakdown:
Revenue $88.7M
Operating $66.3M
O&M Projects $13.4M
CIP Projects $27.0M
Projected Fund Balance $25.7M
84.1 75.7
80.5 90.6 88.7
$65.4
$75.3 $80.4
$134.6
$100.9
$-
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
FY 2023
Actuals
FY 2024
Actuals
FY 2025
Actuals
FY 2026
YTD Budget
FY 2027
Estimate
Revenue Operating Budget O&M Projects CIP
Sewer Utility Revenues & Expenditures
FY 2027
Millions
16 $39.2 $40.6 $40.8 $41.6
$46.8
$36.4
$45.4 $48.5
$94.2
$57.5
$-
$20.0
$40.0
$60.0
$80.0
$100.0
FY 2023
Ac tuals
FY 2024
Ac tuals
FY 2025
Ac tuals
FY 2026
YTD Budget
FY 2027
Estimate
Revenue Op erating Budget O& M Projects CIP
Fiscal Year 2027 breakdown:
Revenue $46.8M
Operating $37.7M
O&M Projects $5.8M
CIP Projects $13.3M
Projected Fund Balance $27.4M
Electric Utility - Revenues & Expenditures
FY 2027
Millions
17 $18.4 $19.2
$21.3 $20.6
$22.2
$18.3
$15.7
$13.3
$24.9
$18.5
$-
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
FY 2023
Actuals
FY 2024
Actuals
FY 2025
Actuals
FY 2026
YTD Budget
FY 2027
Estimate
Revenue Operating Budget O&M Projects CIP
Fiscal Year 2027 breakdown:
Revenue $22.2M
Operating $18.4M
O&M Projects $0.1M
CIP Projects $-
Projected Fund Balance $29.4M
What’s next?
Fiscal Year 2027 Budget Adoption
June 3, 2026
Fiscal Year 2027 Begins
July 1, 2026
Questions?
(951) 279-3532
[email protected]
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