The Silver Springs City Council voted to adopt a tentative fiscal year 2026 budget with an added $260,000 in the power capital line to account for a metering transformer. Council members moved and seconded the adoption and the motion carried by voice vote.

Council members and staff said one of the drivers for changes in the draft budget was a reconciliation of utility revenues. Staff reported that water and sewer revenue figures in the draft were lower than actual receipts; the water balance previously shown at about $88,000 and the sewer figure at about $89,000 were corrected after a line-by-line review, which improved the utilities’ projected revenues and fund positions.

The change to the power budget reflects a capital outlay for a new metering transformer estimated at about $260,000. Staff warned that the transformer has an expected delivery lead time of roughly 10–12 months and that most charges are likely to fall in the next fiscal year; if the city does not spend the appropriation this year, the unspent funds will carry forward in fund balance into the following year.

Staff also added a new revenue line to show field-station receipts separately and said the draft includes separate capital-improvement lines for water and sewer. Council members asked that revenues and potential rate changes be reviewed again in September to refine ending fund-balance projections before final adoption. Staff reminded the council that increases above certain thresholds require a published public hearing and that the city’s rate schedule governs how contract customers are billed.

No formal amendments beyond adding the transformer appropriation were made at the meeting. Councilors acknowledged the budget funds multiple infrastructure projects and cautioned that not every listed project may be completed in the coming year.

The tentative budget was adopted for posting and further review; staff will return with refined revenue and rate proposals in September.