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Council reviews preliminary FY27 budget showing modest surplus and large fund balance
Summary
City staff presented a preliminary FY27 budget projecting about $14.3 million in general-fund revenue, $12.7 million in expenditures and an anticipated year-end fund balance above policy targets; staff highlighted reserves, transfers for the public safety facility debt and planned one-time capital spending.
City staff presented the preliminary fiscal year 2027 budget at the Aug. 11 Bee Cave City Council meeting and described a budget that staff said is balanced with a modest surplus.
Julie told the council the general fund includes roughly $14.3 million in revenues and $12.7 million in expenditures, leaving a surplus before transfers. After transfers — including a $1.1 million transfer to debt service for the public safety facility and a $375,000 transfer to capital reserves for one-time vehicle and equipment purchases — staff projected a year-end fund balance near $20.855 million, which exceeds the council’s 100% reserve policy.
Staff outlined a schedule for the budget process: the city manager must file the proposed budget with the city secretary on Aug. 19, the council will discuss remaining items on Aug. 25, and the public hearing on the budget and proposed tax rate is set for Sept. 22. Julie also reviewed smaller special funds such as the court-technology fund and a police forfeiture fund, and cautioned that a budget amendment might be needed once the timing of public-safety construction draws is clearer.
Quote: “The budget actually has, revenues in excess of our expenditures,” Julie said.
