Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Council reviews FY2027 utility and stormwater budgets; staff cites debt and rehab priorities
Summary
Staff presented FY2027 utility numbers: anticipated utility revenue $12,393,010 and total expenditures $12,382,100, with debt service of $2,500,000; stormwater revenue of $1,142,780 and expenditures $1,008,061 were also presented.
City staff presented the FY2027 proposed budgets for the utility and stormwater funds and walked council through key figures and priorities.
"For the utility fund, the total anticipated revenue is $12,393,010," staff said, and listed total expenditures by department at $12,382,100, with a debt-service line of $2,500,000 that includes new debt for water purchases and the planned Public Works annex. Stormwater revenue was listed as $1,142,780 with total stormwater expenditures at $1,008,061.
Staff emphasized continued investment in sewer and water-line rehabilitation and noted that some rehab projects will be paid from prior bond proceeds, which reduces the immediate cash burden on the utility fund. The city's capital plan for the coming year centers on the Public Works annex and water-infrastructure projects, while some stormwater projects will be set aside until funding is fully available.
Council members indicated general comfort with the presentation and accepted the materials for further direction at the budget workshop scheduled for July 8.
