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Crossville staff previews FY 2025–26 budget, flags interest‑income and depreciation risks
Summary
Finance staff gave a first look at the proposed FY 2025–26 budget, showing modest general‑fund and utility surpluses but warning that falling interest income and rising depreciation for planned capital projects could erode those projections.
City finance staff presented a first draft of the fiscal year 2025–26 budget at the April 1 work session, saying the city currently projects modest surpluses in the general fund and utilities but cautioned that lower interest income and increased depreciation tied to forthcoming capital projects could reduce those margins.
The presentation said the general fund was showing about $245,000 in surplus on the first pass. The water/sewer and utility budgets were both forecasted to be in surplus as well, though the water/sewer fund’s margin is smaller. Staff emphasized that interest income — which had been unusually high in recent years — has fallen and further declines would reduce net…
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