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Staff outlines FY2027 plan as city revenues edge up and expenditures drop
Summary
Senior budget analyst Candice Dale told commissioners the city's FY2027 operating revenues are projected at about $223 million (a 0.64% rise) while proposed expenditures fall about $18 million (8.4%). Staff flagged several reclassifications and asked the commission for direction on supplementals, stormwater and refuse rates.
City finance staff presented a high-level operating plan for fiscal year 2027 at the Lake Worth Beach City Commission's budget workshop on June 11, emphasizing modest revenue growth and broad expenditure reductions.
"Total revenues are projected at approximately 223,000,000," senior budget analyst Candice Dale said as she opened the session, describing a roughly $1.4 million increase over FY2026. Dale said the proposed total expenditures are about $197 million, a decline of approximately $18 million driven largely by reduced pension obligations and reallocated IT and insurance costs.
The presentation broke the budget down fund-by-fund and drew attention to mechanical corrections staff found in the electric and other enterprise fund workpapers. Dale asked the commission to give direction on a long list of departmental supplementals and on preliminary capital projects that will be further refined before the second workshop.
Commissioners pressed staff for additional documentation to support numbers and asked for corrected budget pages when staff identified a purchase-power reclassification that raised the electric fund's purchase-power figure from $11.3 million to $16.1 million. Staff said they will circulate corrected handouts and update the book ahead of the next session.
The meeting ended with staff agreeing to return with more detail on bond balances, fund-by-fund impacts of supplementals and options for stormwater and refuse rates before the final adoption schedule.
