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Unionville retreat frames FY2026–27 budget; finance officer projects $118,000 surplus and endorses 2-cent rate
Summary
Finance Officer Darrell Baucom told council the preliminary FY2026–27 revenue projection is about $676,000 with an estimated $118,000 surplus (no capital outlay included); Mayor Baucom signaled a preference to keep the property tax rate at 2 cents while capital requests remain pending.
At a special April 27 retreat, Finance Officer Darrell Baucom presented a preliminary FY2026–2027 budget framework built on a 2-cent property tax rate and projected total revenues of approximately $676,000, with estimated total expenses of about $558,000 and a projected excess of roughly $118,000 before capital outlays.
Baucom told Council the revenue projection included roughly $235,000 in ad valorem taxes, about $90,000 in investment income, near $200,000 in franchise taxes, and $80,000 in sales and use taxes. He noted the packet also listed line items including $133,000 for the park, $52,000 for the UDO update, and $50,000 for the America's 250th Celebration.
The Town's balance sheet showed approximately $4.2 million in cash holdings, with around $3.7 million invested in a Pinnacle Bank money market and about $500,000 in operating checking; Baucom said those reserves position the Town to fund capital improvements if needed. Mayor Randy Baucom expressed a clear preference for retaining the 2-cent rate, noting recent property revaluations had already been a financial shock for residents; Baucom and Finance Officer Darrell Baucom said each additional penny on the tax rate would bring roughly $115,000 in revenue.
Council assigned Priority 1 to Administration & Operations and Parks & Recreation, Priority 2 to Code Enforcement & Permitting, Planning & Land Use, and Staffing & Administrative Capacity, and Priority 3 to aspirational items. Several follow-up tasks were assigned, including further work on the Capital Improvement Plan, a fee-schedule review, and a proposed charitable-contribution grant cycle. No formal vote on the tax rate or budget adoption occurred at the retreat.
