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Cody council adopts FY2026 budget; council and staff say recurring revenues cover recurring expenses despite planned reserve use
Summary
The council adopted Ordinance 2025-15, the third and final reading of the FY2026 budget ordinance. City staff said although total revenues are less than appropriations, recurring revenues cover recurring expenditures and the council plans to use reserves for nonrecurring expenses.
The City of Cody adopted its fiscal year 2026 budget on third and final reading, approving Ordinance 2025-15 and setting fund appropriations and planned uses of reserves.
Leslie Brumage (staff member) presented the budget in the public hearing and again at the ordinance reading. Brumage said the city is projecting $43,980,000 in citywide revenue for FY2026, a 1.6% decrease from the prior year, and budgeted appropriations of $49,110,000. That arithmetic shows a gap of $5,130,000 between revenues and appropriations, but Brumage told the council the difference reflects use of unassigned reserves for planned nonrecurring expenditures and that recurring revenues meet recurring expenditures in the adopted budget.
Brumage summarized that the budget includes a beginning estimated balance of $47,300,000, projected ending cash of $42,170,000 at June 30, 2026, and $13,790,000 of unassigned funds available for future appropriation. She cited the Government Finance Officers Association recommendation that governments maintain structural balance (recurring revenues sufficient to fund recurring expenditures) and said this budget meets that standard by using reserves only for nonrecurring items such as major maintenance, capital acquisitions and intermittent services.
Council member Sweat moved and council member MacIsaac seconded approval of the ordinance on its third and final reading; the mayor called for the voice vote and announced the motion carried.
Ending: The budget ordinance takes effect July 1, 2025, and staff will carry forward remaining funds from FY2025 as described in the plan.
