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South Weber previews $13.77 million FY2026 draft budget; council seeks deeper debt-service detail
Summary
City staff presented a FY2026 draft with $13,770,500 in projected revenue and highlighted cash-on-hand of about $870,900 in Zions and $15,930,488 in PTIF. Council asked staff for a fuller debt-service analysis and follow-up on grant opportunities.
City Manager David Larson and Finance Director Brett Baltazar presented South Weber’s FY2026 draft budget on Feb. 8, 2025, projecting $13,770,500 in revenue, a $330,500 (2.5%) increase from current forecasts.
Brett Baltazar reported cash on hand as of Dec. 31 of approximately $870,900 in the Zions account and $15,930,488 in the Public Treasurer’s Investment Fund (PTIF). Larson said property-tax receipts in December typically increase year-end cash balances. For context, Mr. Larson reviewed FY2025 totals, noting a $13.4 million overall budget with Governmental funds at $7 million and Business-type funds at $6.4 million.
The draft assumes the current property-tax rate will be held and projects about 3% revenue from new growth; staff presented revenue forecasts based on prior-year actuals and current trends and noted no supplemental requests were included. Major revenue streams called out were property tax, sales tax, and development fees.
Council members pressed staff for more debt-service detail. Councilman Wayne Winsor specifically asked for a fuller report on the city’s debt-service ratio and bond obligations; Finance Director Baltazar said he is working on those numbers. Staff also flagged that several restricted impact-fee balances (water, storm, parks) changed in FY24 because fees were used for ongoing projects.
Next steps: staff will return with a more detailed debt-service and bond-obligation briefing and additional revenue scenarios before finalizing the FY2026 budget.
