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City introduces FY27 operating and CIP budget; public hearing set for May 5
Summary
City staff introduced the FY27 budget with $31.5M in projected revenue and proposed expenditures of about $32.4M; the proposal uses about $869,870 of fund balance to balance FY27 and leaves a projected fund balance of roughly 42.5%. A public hearing is scheduled for May 5 at 7:30 p.m.
City finance staff presented the proposed FY27 operating and capital-improvement budgets and announced the public hearing date.
The proposed general-fund revenue for FY27 is $31.5 million against proposed expenditures and transfers totaling about $32.4 million. To balance the budget staff proposed using approximately $869,870 of excess fund balance, leaving a projected year-end fund balance around 42.5 percent — above the city’s 35 percent target and the 25 percent minimum. The proposed CIP beginning balance, transfers and outlays would leave an ending CIP balance of about $4.7 million.
Budget highlights include operating transfers to capital of $2.1 million, proposed new staff positions beginning July 1, and contingency funding that includes $75,000 set aside in case of employee bonuses. The presenter noted the proposed budget is subject to the council’s public hearing and further amendments; the public hearing was scheduled for May 5 at 7:30 p.m. in the council chambers.
The council introduced the budget ordinance for public hearing and thanked staff for a clear presentation. The finance team said a finalized proposed budget document would be posted online in the following days.
