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Staff outlines 2026–27 capital and equipment fund plans, projects and cash projections
Summary
City staff presented the final budget workshop covering capital improvement and equipment reserve funds, projecting roughly $1.4 million in interest income for 2026, listing priority projects (SCADA, police facility, community improvements) and scheduling a revenue-neutral-rate hearing on Sept. 8.
City staff presented an updated budget packet and calendar at the council’s fourth budget workshop, saying the materials reflect the final review of remaining funds for 2026 and 2027. "This is our 4th and final unless unless we deem we need to have some more meetings in the in the month of August," Speaker 2 said, noting the packet includes state budget forms and a 10-year CIP.
The presentation separated city projects from developer and grant pass-throughs to clarify the city-dollar balance. "In 2026, we're projected to have about $1,400,000 of interest income," Speaker 2 said, and staff budgeted conservatively for 2027 at about $1,000,000. Staff reported roughly $2.2 million of city cash available in 2026 (excluding developer funds) and a projected total cash position around $3.6 million after interest and transfers, with planned capital expenditures of about $1.3 million in 2026 and $1.6 million in 2027.
The council asked for follow-up information on sidewalk costs and other project estimates; staff said they will bring back detailed pricing in the manager’s report. Staff also flagged options to reimburse capital funds later if temporary notes convert to long-term financing or to reduce future borrowing by paying cash now.
The presentation concluded with next steps for publishing required notices and preparing for the revenue-neutral-rate hearing and the formal budget hearing.
