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Fund Outlook:
<br />The graph below assumes a continued property tax levy of $130,000 per year. Sufficient funds are
<br />available to meet the current ten-year CIP.
<br />2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
<br />Revenues 249,519 245,786 246,220 238,073 239,939 230,638 234,410 237,218 239,465 239,321
<br />Expenditures 436,158 224,128 653,530 144,772 704,997 42,071 93,997 124,874 246,652 239,483
<br />Fund Balance 789,321 810,979 403,669 496,970 31,913 220,480 360,893 473,237 466,049 465,887
<br /> -
<br /> 100,000
<br /> 200,000
<br /> 300,000
<br /> 400,000
<br /> 500,000
<br /> 600,000
<br /> 700,000
<br /> 800,000
<br /> 900,000
<br /> -
<br /> 100,000
<br /> 200,000
<br /> 300,000
<br /> 400,000
<br /> 500,000
<br /> 600,000
<br /> 700,000
<br /> 800,000
<br />Fund BalanceRevenues and ExpendituresFire Equipment Fund 457 -Fund Balance
<br />Revenues Expenditures Fund Balance
<br />Storm Water Enterprise Fund (603)
<br />Background:
<br />The Storm Water Fund 603 has been implemented as a standalone enterprise fund at the beginning of
<br />2024 and will be reported in the Financial Statements as its own fund. The City decided to add this fund
<br />to identify and present separately all the projects that relate to stormwater management and
<br />infrastructure for ease of tracking and to monitor stormwater infrastructure needs closely. Previously,
<br />all the stormwater CIP items were expensed and recorded in the Infrastructure Capital Project Fund 450.
<br />Source of Funds: Beginning in 2024, Fund 603 has been sourced by the stormwater utility fee that has
<br />been added to the water and sewer bill, with an anticipated $500,000 in 2024 and 2025. This set fee
<br />schedule will make Fund 603 not only healthy but also provide sufficient revenues to account for the
<br />next ten years of expenditures, as noted in the graph below. The proposed increase for the 2026 budget
<br />is 5% with anticipated revenue of $525,000.
<br />Use of Funds and highlights next five years:
<br />2026 – Storm Water Standalone Projects - $111,000
<br />2026 – Storm Water Part of the Street Projects - $52,500
<br />2027 – Storm Water Standalone Projects - $72,500
<br />2027 – Storm Water Part of the Street Projects - $0.00
<br />2028 – Storm Water Standalone Projects - $67,000
<br />2028 – Storm Water Part of the Street Projects - $273,000
<br />2029 – Storm Water Standalone Projects - $79,000
<br />2029 – Storm Water Part of the Street Projects - $163,901
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