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Tusayan trims FY2026 figures, removes $50 million bond proceeds from General Fund
Summary
Finance staff presented an amended FY2026 budget that removes a $50 million bond-related inflow from the General Fund, revises FY2026 revenues to $4,394,238 and expenditures to just under $4 million, and proposes using $4,310,023 in reserves to restore the Capital Improvement Fund.
Finance staff presented a revised FY2026 Amended Budget that removes one-time items and clarifies operating results. The amendments move $50 million in bond proceeds and large capital outlays out of the General Fund and into capital funds; revised FY2026 revenues were presented at $4,394,238, with taxes adjusted to roughly $3.7 million and revised expenditures just under $4 million, producing an estimated surplus of about $483,208.
Town Manager Clifton and Finance Director Tessa Beuning said the reclassification will make the General Fund a clearer reflection of ongoing operations and improve transparency for auditors and bond underwriters. Staff also proposed using $4,310,023 from General Fund reserves to zero out a deficit in the Capital Improvement Fund so it can be used properly going forward.
