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Oro Valley adopts tentative FY26 budget setting $151.5 million spending limit
Summary
The council adopted Resolution R25-21 approving the tentative fiscal year 2025–26 budget totaling $151.5 million and set the spending limit; the tentative budget includes an increased contingency for potential property acquisition and moves the Naranja shade structure into the 10-year CIP.
The Oro Valley Town Council on June 4 adopted Resolution R25-21 approving the tentative fiscal year 2025–26 budget and establishing a spending limit of $151,500,000. Mayor Winfield moved for adoption; Councilmember Jones Ivy seconded and the motion carried 5-0.
Chief Financial Officer Peter Gephardt presented the tentative budget. He said the total reflects a $4.3 million increase from the manager’s recommended budget and a $664,000 increase from the current adopted budget. The town’s spending limit, calculated by the Economic Estimates Commission, is $175 million; the adopted tentative budget is below that ceiling.
Notable changes from the manager’s recommended budget identified in the presentation include: an increase of $4.5 million in capital fund contingency set aside for a potential property acquisition; refinement of personnel amounts tied to the adopted police MOU; moving the Naranja shade structure project from the contingent CIP list to the 10-year CIP (adding $250,000); and updated beginning fund balance projections for self-insurance and the water utility.
The CFO said the tentative budget is structurally balanced, with ongoing revenues covering ongoing expenditures. He presented the top-line fund mix: personnel and operating/maintenance comprise roughly 57% of the overall budget, capital accounts for about 29%, and water function is the largest single function (about 32%) reflecting major water projects.
Councilmembers asked for review of CIP items and raised specific questions about community center parking, golf course equipment rotation and pump station work. Staff responded the community center and golf assets are funded from respective enterprise/operating funds and recommended some projects be advanced because of current asset condition. Council approved the tentative budget with the understanding final adoption will occur at the next council meeting.
