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1 Introduction Tentative Budget oOverview oSpecial Funds oCapital Improvement Program oReserves oSet Expenditure Limitation oPublish Schedules Town Council Tentative Budget 3 Tentative Budget Adoption • Adoption of the Tentative Budget sets the Town’s maximum allowable expenditures for the upcoming fiscal year. • Once adopted, the total expenditure limitation cannot be increased, only reduced. • Once adopted, A.R.S. § 42-17105, mandates public posting of budget schedules which must remain posted online for 60 months. • The Tentative Budget serves as the legal framework for final budget adoption. • Provides targeted relief for the most critical personnel compression issues; includes market adjustments to ensure the organization remains competitive and does not lag behind • Reduces overall costs through the creation of an Operational Contingency • Expands insurance coverage to include major infrastructure assets that were previously uninsured • Extends our Capital Outlay planning from a 3-Year to a 5-Year plan • Establishes significant progress towards capital projects in Council identified priority areas • Limits operational expense growth to just $469,411 4 Key Achievements of This Budget FY2025 (Current) FY2026 Budgeted New Revenue $18,487,974 $18,845,064 Budgeted Expenses without CIP $18,901,428 $19,370,839 Budgeted Use of Fund Balance $14,012,094 $12,261,157 Budgeted General Fund CIP ($1,532,357) ($4,951,700) General Fund Transfer to Other Funds ($1,398,902) ($2,498,902) Remaining Unrestricted Fund Balance $11,080,835 $4,810,555 5 The Big Picture General Fund • Projected End of FY25 Restricted Fund Balance- $22,083,547 o-Contingency $4,347,134 o-Capital Reserve $1,000,000 o-Reserve $5,653,519 (funded at 30%) – policy is 15% • Unrestricted Fund Balance- $11.082M 6 General Fund - Fund Balance Summary 7 FY26 Streets CIP – No Changes Since 05/05/25 Project FY26 Budgeted Lewis Addition $200,000 Multi Use Path $80,000 Bass Rd. Rock Wall Retention $70,000 Constellation Road Repaving $1,200,000 Tegner Street Phase 2 $900,000 Total FY26 Streets Capital Expense $2,450,000 8 5-Year Capital Improvement Program 9 5-Year Capital Improvement Program 10 5-Year Capital Improvement Program 11 5-Year Capital Improvement Program 12 5-Year Capital Improvement Program 13 5-Year Capital Improvement Program 14 Budget Schedules o Open Exhibit 15 • Tentative Budget Schedule Postings • Final Budget Hearing and Adoption July 7th Next Steps 16 • Council Discussion Recap and Close of Work Session