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ADOPTION OF FY2027 FINAL BUDGET $765.4 Million June 2, 2026 Keith Fallstrom Chief Financial Officer 1 Budget Calendar Budget Kickoff Meetings with Departments Nov-Dec 2025 Preliminary Projection Presentations to Executive Team Jan-Feb 2026 Department Presentations to Executive Team Mar 2026 Executive Team One on One with City Council Apr 2026 City Manager Recommended Budget Presented at City Council Workshop May 2026 Tentative Budget Adopted by City Council May 2026 Final Budget Adopted by City Council Jun 2026 2 Changes from Tentative Budget 3 Description Amount Moved Passports from Clerks to Finance $96,300 Moved Passports from Clerks to Finance ($96,300) Harquahala Debt Service $6,144,600 Economic Development - Increased Higher Education Feasibility Study $25,000 Economic Development - Increased Airport Development Lead Generation Services $15,000 Reduced Contingency ($6,184,000) FY2027 Budget Actions The picture can't be displayed. June 2, 2026 Truth-in-Taxation and Adoption of Final Budget (Public Hearing) The picture can't be displayed. June 16, 2026 Adoption of Property Tax Levy 4 5 • Staff recommends approving Resolution 53-26 approving the Final Budget for the FY2027 in the amount of $765,436,200. Questions? 6