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General Fund FY 2025/26 and FY 2026/27 Operating Expenditures and Revenues
<br />As presented in the table below, the General Fund budget is balanced in FY 2025/26 and FY
<br />2026/27.
<br />$151,750,238
<br />$153,876,040
<br />$160,544,762
<br />$165,761,951
<br />Transfer In* $3,751,843
<br />$4,853,145
<br />$2,387,000
<br />$3,494,000
<br />TOTALREVENUES $1SS,502,080
<br />$158,729,185
<br />$162,931,762
<br />$169,2SS,9S1
<br />USE OF $900,572
<br />$310,000
<br />$2,289,150
<br />$2,000,000
<br />($142,496,475)
<br />($154,475,775)
<br />($154,687,814) ($160,666,332)
<br />TransferOut ($11,360,284)
<br />($4,556,578)
<br />($10,491,000)
<br />($10,541,000)
<br />TOTAL($1S3,8S6,7S9)
<br />($159,032,353)
<br />($16S,178,814)
<br />($171,207,332)
<br />NET ' ' $2,545,893
<br />$6,832
<br />$42,098
<br />$48,619
<br />*Includes one-time use of the Capital Reserve Fund ($1.0M in FY 2025/26 and $2.OM in FY 2026/27).
<br />"Includes one-time use of the Retiree Medical/Other Post -Employment Benefits (OPEB) Trust Fund ($0.6M in FY
<br />2025/26 and $1.2M in FY 2026/27) to reduce the General Fund Contribution to the Retiree Medical Fund.
<br />Total General Fund revenues, including transfers from other funds, are estimated to be
<br />$162.9 million in FY 2025/26, an increase of $4.2 million or 2.6 percent from the FY 2024/25
<br />Modified Budget. Revenues that are increasing include property taxes ($3.8 million), sales
<br />tax ($1.0 million), reimbursement revenue ($0.9 million), interfund revenue ($0.5 million),
<br />planning and development permit fees ($0.3 million), business license tax ($0.2 million),
<br />transient occupancy tax ($0.1 million) and other revenues ($0.3 million). These increases are
<br />largely offset by decreases in transfers from other funds ($2.5 million), recreation revenues
<br />($0.3 million), and intergovernmental revenue ($0.1 million).
<br />As described in the chart below, over 80.0 percent of General Fund revenues are derived
<br />from taxes including property tax (60.0 percent), sales tax (15.9 percent), business license tax
<br />(3.6 percent), and Transient Occupancy Tax (TOT) (3.4 percent). The balance of General Fund
<br />revenues comes from fees for services, fines, interest earnings, inter -fund charges, and
<br />transfers in.
<br />FY 2025/26 General Fund Revenues by Category
<br />(in millions)
<br />$97.8, Property Tax,
<br />60.0%
<br />cmc 0, Sales Tax,
<br />15.9%
<br />$20.7, Other
<br />Revenue, 12.7%
<br />$5.5, Transient
<br />Occupancy Tax, 3.4%
<br />$6.0, Business
<br />License Tax, 3.6%
<br />Recreational
<br />$2.4, Transfers In, Revenue, 2.9%
<br />1.5%
<br />Total General Fund expenditures, including transfers out to other funds, are $165.2 million in
<br />FY 2025/26 or $6.1 million more than the FY 2024/25 Modified Budget. Personnel expenses
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