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ITEM 9.c. TOWN OF FOUNTAIN HILLS STAFF REPORT Meeting Date: 5/5/2026 Meeting Type: Town Council Regular Meeting Submitting Department: Administration / Finance Prepared by: Paul Soldinger, Chief Financial Officer Staff Contact Information: Phone: 480-816-5160 Email: psoldinger@fountainhillsaz.gov Request to Town Council Regular Meeting (Agenda Language) CONSIDERATION AND POSSIBLE ACTION: Regarding Resolution 2026-09, setting forth the Tentative Budget and establishing the maximum budget amount for the Town of Fountain Hills for the fiscal year beginning July 1, 2026, and ending June 30, 2027. Staff Summary (background) The Proposed Fiscal Year 2026-27 (FY2027) budget was presented to the Town Council during a budget work session on April 14, 2026. The total expenditures in the FY2027 Tentative Budget for all funds is $50.3 million, an increase of $1.08 million from the Proposed Budget. Resolution 2026-09 establishes $50.3 million as the maximum amount of expenditures for FY2027. After approval of Resolution 2026-09, changes to the budget may be made between line items for the Final Budget adoption (scheduled for June 2, 2026), but the total may not exceed that maximum amount set by the Tentative Budget. The FY2027 Tentative Budget includes $1.0 million of contingency budget authority in the General Fund, which provides the Town Council budgetary flexibility in case of unplanned and unforeseen events, such as emergency infrastructure repairs, and protects the Town from possible revenue shortfalls. Accordingly, the General Fund contingency may only be used if there are adequate financial resources available. The Finance Division provides quarterly revenue updates to the Town Council at the end of each quarter, which provides the residents and the Town Council transparent insights into the Town's financial condition throughout the fiscal year. Related Ordinance, Policy or Guiding Principle Arizona Revised Statute (A.R.S.) § 42-17102 Risk Analysis If not approved, the Town will not be in compliance with Arizona law. Recommendation(s) by Board(s) or Commission(s) N/A Staff Recommendation(s) Staff recommends approval of Resolution 2026-09. Suggested Motion MOVE TO APPROVE Resolution 2026-09, setting the FY2027 Tentative Budget at $50.3 million. FISCAL IMPACT Fiscal Impact: N/A Budget Reference: N/A Funding Source: N/A ATTACHMENTS 1. RESOLUTION 2026-09 2. PRESENTATION