05 13 25 Tentative Budget 2026 - Chief Financial Officer Artz
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TENTATIVE BUDGET ADOPTION May 13, 2025 BACKGROUND • Held 3 Budget work studies with staff presenting on revenues, property tax rates and expenditures • Tentative budget is required to be completed on Auditor General Forms and published • Tentative budget sets the maximum spending authority for the year • Final Budget will be presented to Council in June CHANGES TO BUDGET AS PRESENTED Amount Description 163,000 Increase COLA to 4% 21,000 Discretionary increase by $3K 35,000 Teen Council Funding Increase $219,000 Total Budget ESTIMATED ESTIMATED BALANCE TRANSFER TRANSFER BALANCE FUND 7/1/2025 REVENUES IN EXPENDITURES OUT 6/30/2026 1000 - GENERAL FUND 79,827,712 $ 49,651,050 $ 71,587,080 $ 13,059,400 $ 44,832,282 $ 2200 - HURF 488,000 $ 945,000 $ 1,345,000 $ 88,000 $ 2500 - IMPOUND FUND 13,806 $ 10,000 $ 30,000 $ 51,050 $ 2,756 $ 2600 - PUBLIC SAFETY FUND 11,768,385 $ 8,305,000 $ 8,383,000 $ 11,690,385 $ 2900 - JCEF 250,004 $ 78,000 $ 139,320 $ 188,684 $ 3100 - FUND GRANTS FUND 56,733,110 $ 56,246,699 $ 486,411 $ 3200 - AAA FUND 228,654 $ 1,029,400 $ 1,072,054 $ 186,000 $ 3500 - NON-FEDERAL GRANTS FUND 954,110 $ 954,110 $ - $ 4100-4900 - DEBT SERVICE FUNDS 89,509 $ 4,408,500 $ 2,000,000 $ 6,444,613 $ 53,396 $ 5100 - AQUATIC CENTER AND PARKS - $ 21,000,000 $ 10,000,000 $ 31,000,000 $ - $ 6100 - WATER FUND 13,227,915 $ 8,931,700 $ 20,933,000 $ 1,226,615 $ 6200 - SANITATION FUND 497,442 $ 480,500 $ 532,500 $ 445,442 $ 6300 - WASTE WATER FUND 15,585,186 $ 27,128,450 $ 194,000 $ 32,320,400 $ 10,587,236 $ 6400 - SEWER FUND 1,568,136 $ 1,856,300 $ 2,423,700 $ 194,000 $ 806,736 $ TOTAL 123,316,095 $ 180,710,374 $ 13,253,400 $ 233,432,526 $ 13,253,400 $ 70,593,943 $ UPDATED WORKING TRIAL BALANCE FOR FISCAL YEAR 2026 CITY OF TOLLESON ESTIMATED ESTIMATED BALANCE TRANSFER TRANSFER BALANCE FUND 7/1/2025 REVENUES IN EXPENDITURES OUT 6/30/2026 1000 - GENERAL FUND 79,827,712 $ 49,651,050 $ 70,690,080 $ 13,730,700 $ 45,057,982 $ 2200 - HURF 488,000 $ 945,000 $ 1,345,000 $ 88,000 $ 2500 - IMPOUND FUND 13,806 $ 10,000 $ 30,000 $ 51,050 $ 2,756 $ 2600 - PUBLIC SAFETY FUND 11,768,385 $ 8,305,000 $ 8,383,000 $ 11,690,385 $ 2900 - JCEF 250,004 $ 78,000 $ 139,320 $ 188,684 $ 3100 - FUND GRANTS FUND 56,275,329 $ 56,246,699 $ 28,630 $ 3200 - AAA FUND 1,258,054 $ 700,700 $ 1,572,054 $ 386,700 $ 3500 - NON-FEDERAL GRANTS FUND 774,560 $ 454,110 $ 320,450 $ 4100-4900 - DEBT SERVICE FUNDS 89,509 $ 4,408,500 $ 2,000,000 $ 6,444,613 $ 53,396 $ 5100 - AQUATIC CENTER AND PARKS 21,000,000 $ - $ 11,000,000 $ 32,000,000 $ - $ 6100 - WATER FUND 13,227,915 $ 8,931,700 $ 21,033,000 $ 1,126,615 $ 6200 - SANITATION FUND 497,442 $ 480,500 $ 532,500 $ 445,442 $ 6300 - WASTE WATER FUND 15,585,186 $ 27,128,450 $ 194,000 $ 32,370,400 $ 10,537,236 $ 6400 - SEWER FUND 1,568,136 $ 1,856,300 $ 2,423,700 $ 194,000 $ 806,736 $ TOTAL 144,316,095 $ 160,102,443 $ 13,924,700 $ 233,685,526 $ 13,924,700 $ 70,733,012 $ UPDATED WORKING TRIAL BALANCE FOR FISCAL YEAR 2026 CITY OF TOLLESON BUDGET PRIORITIES IN 2026 Amount Description $10,000,000 Additional Funding for Aquatic Center 2,000,000 Additional Contingency Funds 15,000,000 Potential ED Project 4,000,000 Pedestrian Bridge (91st and Van Buren) 1,100,000 99th Ave & Pierce Traffic Signal 5,000,000 Well 9 outfitting 3,500,000 Water storage tanks 7,000,000 Digester #4 Rehab 2,500,000 Disinfection system WWTP 2,500,000 Clarifier #2 Rehab 1,100,000 Clarifier #3 5,000,000 Electrical & Structure Upgrades WWTP $58,700,000 Total CURRENT YEAR BUDGET Amount Description 2,000,000 Purchase building for convention center 5,000,000 Purchase land for Aquatic Center $7,000,000 Total RECOMMENDATION Staff recommends Council adopt Resolution N0. 2600, setting forth the tentative budget for FY 2026 in the amount of $233,685,526.