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FY2027 Tentative Budget Paul Soldinger, Chief Financial Officer May 5, 2026 Key Updates from Proposed Budget Key Updates from Proposed Budget • Added $80,000 of budgeted expenditures for Arizona Office of Tourism (AOT) grant (Prop 302) • Budget increased $80K in Tourism Fund • Added $1 million of budget contingency in Capital Projects Fund for possible new FY27-FY28 project to be presented to Council on 6/2/2026 • Budget increase $1M in Capital Projects Fund (up to $1.7M) FY2027 Tentative Budget Comparison - Revenues No changes made from FY27 Proposed Budget FY2027 FY2027 Changes Proposed Budget Tentative Budget from Proposed Revenues by Fund General Fund $26,800,894 $26,800,894 $0 Streets Fund 4,516,381 4,516,381 0 Capital Projects Fund 2,668,068 2,668,068 0 Facilities Reserve Fund 144,302 144,302 0 Special Revenue Fund 1,755,660 1,755,660 0 Economic Dev Funds 820,259 820,259 0 10 Nonmajor Funds 1,772,039 1,772,039 0 Total Expenditures: $38,477,603 $38,477,603 $0 Major Fund Groups FY2027 Tentative Budget Comparison - Expenditures Additional $1M for CIP contingency General Fund Contingency FY2027 FY2027 Changes Proposed Budget Tentative Budget from Proposed Expenditures by Fund General Fund $26,800,894 $26,800,894 $0 Streets Fund 8,269,842 8,269,842 0 Capital Projects Fund 10,000,000 11,000,000 1,000,000 Facilities Reserve Fund 600,000 600,000 0 Special Revenue Fund 1,755,660 1,755,660 0 Economic Dev Funds 989,190 1,069,190 80,000 10 Nonmajor Funds 789,478 789,478 0 Total Expenditures: $49,205,064 $50,285,064 $1,080,000 FY2027 FY2027 Changes Proposed Budget Tentative Budget from Proposed General Gov Contingency $1,002,316 $1,002,316 $0 Major Fund Groups General Fund Contingency Added $80K of budget to account for AOT grant Expenditure Limitation for FY2027 Tentative FY27 Expenditure Limit $38,178,069 FY27 Proposed Budget $49,205,064 Less Grants (1,760,660) Less HURF (1,810,740) Less Investment Income (840,962) Less Other Exclusions (2,175,700) Less Using Prior Years’ Carryforward (5,518,934) FY27 Expenditures Subject to Limit $38,178,068 $1 FY27 - $6.7M exclusions Budgeted to be $1 under the FY2027 expenditure limitation General Fund General Fund Past Performance *FY23 Expenditures do not include about $4.2 million of ARPA grants that paid for Public Safety out of another fund instead of the General Fund Without those grants, the General Fund expenditures would have been about $19.9 million in FY23 General Fund - Expenditures *Administration Department includes Town Manager, Information Technology, Town Clerk, Administrative Services, Finance, Public Information, Legal Services and Purchasing divisions ** Includes MCSO Patrol/Jail costs, and animal control services FY2026 FY2027 FY2027 Changes % Change Adopted Budget Proposed Budget Tentative Budget from FY27 Proposed to Tentative from FY2026 Adopted to FY27 Tentative Expenditures by Department Mayor and Council $73,455 $80,442 $80,442 $0 9.5% Administration* 3,252,618 3,459,977 $3,459,977 0 6.4% General Government 1,899,944 1,745,819 $1,745,819 0 -8.1% Municipal Court 548,969 574,919 $574,919 0 4.7% Public Works 2,488,886 2,516,325 $2,516,325 0 1.1% Development Services 1,532,513 1,568,863 $1,568,863 0 2.4% Community Services 4,427,565 4,580,916 $4,580,916 0 3.5% Fire & Emergency Med 5,966,584 6,477,777 $6,477,777 0 8.6% Law Enforcement** 5,861,005 5,795,856 $5,795,856 0 -1.1% Total Expenditures: $26,051,539 $26,800,894 $26,800,894 $0 2.9% General Fund All Other Funds All Other Funds - Expenditures FY2026 FY2027 FY2027 Changes % Change Adopted Budget Proposed Budget Tentative Budget from FY27 Proposed to Tentative from FY26 Adopted to FY27 Tentative Funds other than General Fund Streets Fund $7,244,627 $8,269,842 $8,269,842 $0 14.2% Capital Projects Fund 12,712,800 10,000,000 11,000,000 1,000,000 -13.5% Facilities Reserve Fund 1,000,000 600,000 600,000 0 -40.0% Special Revenue Fund 4,690,000 1,755,660 1,755,660 0 -62.6% Economic Development Funds* 970,003 989,190 1,069,190 80,000 10.2% All Nonmajor Funds** 727,429 789,478 789,478 0 8.5% Total Expenditures: $27,344,859 $22,404,170 $23,484,170 $1,080,000 -14.1% Total Budgeted Expenditures: $53,396,398 $49,205,064 $50,285,064 Major Fund Groups *”Economic Development Funds” includes the Downtown Strategy, Economic Development, and Tourism Funds ** Nonmajor Funds include the Public Art, Court Enhancement, GO Bond Debt Service, MPC Debt Service, Cottonwoods Maintenance District, Fire/Streets/Parks Impact Fee, Technology Replacement, and Vehicle Replacement Funds Added $1M (up to $6M) for road paving projects Additional $1M for CIP contingency Added $80K of budget to account for AOT grant Proposed Transfers Proposed Transfers* • $150,000 from Economic Development Fund to Tourism Fund to cover non-grant funded FY27 operations • Up to $35,000 from Court Enhancement Fund to General Fund to cover actual part-time Court operation staff costs • Up to $1,400,000 from Facilities Reserve Fund to Capital Projects Fund (matched to actual Lake Liner Design and Air Handler project costs, as planned and discussed with Council) • Up to $1,900,000 ($1.6M Parks & $0.3M Streets) from Development Impact Fee Funds to Capital Projects Fund for actual costs for Skyview Park and Shea Blvd Widening capital projects (reimbursements from impact fee funds, as planned and discussed with Council) *Funding transfers of General Fund excess reserves will be presented to Council in Fall 2026, after the financial audit is completed. Council Direction for Final Budget