Adopted Budget
FY 2025-26
Revised Budget
FY 2025-26
Projected YE
FY 2025-26
Assumed
Projected
Growth Rate
Projected FY
2026-27
Projected
FY 2027-28
Projected
FY 2028-29
Projected
FY 2029-30
Projected
FY 2030-31
GENERAL FUND REVENUES
Property Tax 20,950,000 $ 20,950,000 $ 20,950,000 3.2% $ 21,620,400 $ 22,614,938 $ 23,655,225 $ 24,743,365 $ 25,881,560 Public Safety Property Tax 3,704,709 3,704,709 3,704,709 5.0% 3,889,944 4,084,441 4,288,663 4,503,096 4,728,251 Public Safety Augmentation Fund 205,000 205,000 205,000 0.0% 200,000 200,000 200,000 200,000 200,000 Sales Tax 637,000 637,000 637,000 2.0% 656,445 669,574 682,965 696,624 710,556 Utility Users Taxes 2,466,750 2,466,750 2,174,200 3.4% 2,248,123 2,324,559 2,403,594 2,485,316 2,569,817 Franchise Taxes 787,950 787,950 598,950 1.0% 610,989 617,099 623,270 629,503 635,798 Charges for Services 2,335,411 2,335,411 2,486,504 3.4% 2,426,286 2,508,780 2,594,079 2,682,278 2,773,475 Licenses & Permits 1,750,170 1,750,170 1,737,950 3.4% 1,797,040 1,858,139 1,921,316 1,986,641 2,054,187 Property Tax in Lieu of Vehicle License Fee (VLF ) 2,198,457 2,198,457 2,218,384 HDL provided
estimates 2,293,731 2,399,769 2,510,713 2,626,792 2,748,242 Other Revenues 1,392,585 1,736,335 1,692,726 2.0% 1,858,823 1,895,999 1,933,919 1,972,597 2,012,049 Total Revenues $ 36,428,032 $ 36,771,782 $ 36,405,423 $ 37,601,781 $ 39,173,298 $ 40,813,744 $ 42,526,212 $ 44,313,935
GENERAL FUND EXPENDITURES
Personnel
Salaries - Miscellaneous 7,670,784 $ 7,610,976 $ 7,291,789 4.0% $ 7,977,615 $ 8,177,055 $ 8,381,481 $ 8,591,018 $ 8,805,793 Salaries - Safety 10,136,916 10,136,916 9,598,004 4.0% 10,758,713 11,027,681 11,303,373 11,585,957 11,875,606 Overtime - Miscellaneous 32,795 32,795 32,795 4.0% 34,107 34,960 35,834 36,730 37,648 Overtime - Safety 1,500,448 1,500,448 1,860,448 4.0% 1,560,466 1,599,478 1,639,465 1,680,452 1,722,463 Medical, Medicare, Allowances 2,924,869 2,925,073 2,826,010 7.0% 3,129,610 3,348,683 3,583,091 3,833,907 4,102,280 Pension Payments - Miscellaneous 989,147 989,147 989,147 Based on Valuation 1,189,000 1,104,449 1,312,000 1,321,000 1,324,000 Pension Payments - Public Safety 2,948,748 2,948,748 2,948,748 Based on Valuation 3,452,000 3,218,006 3,756,000 3,789,000 3,819,000 Retirees' Medical (OPEB) 189,500 189,500 189,500 2.0% 193,290 197,156 201,099 205,121 209,223 Total Personnel $ 26,393,207 $ 26,333,603 $ 25,736,441 27,976,256 29,026,013 30,212,343 31,043,185 31,896,013 Non-Personnel
Workers' Compensation 1,096,668 1,096,668 1,096,668 3.4% 1,133,955 1,172,509 1,212,374 1,253,595 1,296,217General Liability & Insurance 1,285,478 1,285,478 1,285,478 20.0% 1,542,574 1,851,089 2,221,307 2,665,568 3,198,682 Legal Services 555,000 555,000 670,000 3.4% 692,780 716,335 740,690 765,873 791,913 Office Supplies, Repair & Maint., Misc. 1,865,099 1,882,829 1,960,733 3.4% 2,027,398 2,096,330 2,167,605 2,241,304 2,317,508 Contract Services 3,909,496 4,218,949 4,148,844 4.0% 4,326,238 4,499,288 4,679,260 4,866,430 5,061,087 Utilities 1,096,634 1,096,634 1,077,985 3.4% 1,114,636 1,152,534 1,191,720 1,232,238 1,274,134 Capital Equipment 6,100 6,100 - n/a - - - -
Other (Building maintenance, Training, etc.) 184,385 184,387 247,237 3.4% 231,861 239,744 247,895 256,323 265,038 OPEB Trust Contribution - - - n/a - - - Pension Trust Contribution - n/a - - - - Total Non-Personnel $ 9,998,860 $ 10,326,045 $ 10,486,945 $ 11,069,442 $ 11,727,829 $ 12,460,851 $ 13,281,331 $ 14,204,579 Total Expenditures $ 36,392,067 $ 36,659,648 $ 36,223,386 $ 39,045,698 $ 40,753,842 $ 42,673,194 $ 44,324,516 $ 46,100,592 Annual Operating Surplus (Deficit) 35,965 112,134 182,037 (1,443,917) (1,580,544) (1,859,450) (1,798,304) (1,786,657) Long-Term Financial Projections
Note 1: A 4.6% was used as a growth rate for FY 2027-28 through FY 2030-31 for Property Tax Revenues.Note2: A 2.5% growth rate was used for salaries for FY 2027-28 through FY 2030-31 to accommodate for merit increases as part of the evaluation process.