2025_Calendar & Annual Report_Issuu

FISCAL YEAR 2025 BUDGET

ANNUAL BUDGET BY FUNCTION SUMMARY OF REPORT

PROPERTY TAX RATE 6-YEAR TREND

Items

2023 Actual Amount

2024 Amended

2025 Adopted

Items

2020

2021

2022 2023

2024

2025

Capital Project Financing

0.4345 0.4150 0.3919 0.3388 0.3329 0.3000

FUND: 100 – GENERAL FUND REVENUE General Government

General Fund (O&M)

0.3067 0.3050 0.3094 0.2850 0.3225 0.3350

TOTAL

0.7412 0.7200 0.7013 0.6238 0.6554 0.6350

$92,413,724.10 $101,671,377.00 $110,835,317.00

Public Safety Public Works

$5,990,704.64

$6,453,374.00

$6,293,468.00

$288,852.48

$96,930.00

$106,000.00

GENERAL FUND THE BIG PICTURE

Community Services Parks & Recreation

$5,172,907.56

$5,560,880.00

$5,018,922.00

$2,110,482.22

$1,936,446.00

$2,157,578.00

Items

FY 2023 Actual

FY 2024 Amended

FY 2025 Adopted

Revenue Totals

$105,976,671.00 $115,719,007.00 $124,411,285.00

Beginning Fund Balance

$33,681,195

$31,323,584

$29,093,625

EXPENDITURES General Government

Revenue

$105,976,671

$115,719,007

$124,411,285

$16,808,821.26

$15,287,796.00 $13,949,872.00

Expenditures

$108,182,064

$117,948,966

$123,066,372

Public Safety Public Works

$64,908,400.81

$71,948,280.00 $76,481,430.00

Net

($2,205,393)

($2,229,959)

$1,344,913

$13,660,109.86 $16,522,244.00

$17,371,638.00

ENDING BALANCE

$31,475,802

$29,093,625

$30,438,538

Community Services Parks & Recreation Expenditures Totals

$4,709,368.96

$5,344,259.00

$5,299,717.00

$8,095,363.21

$8,846,387.00

$9,963,715.00

Policy Minimum Balance (90 Days) Amount Over/(Under) 90-Day Target

$26,675,029

$29,083,307

$30,345,133

$108,182,064.10 $117,948,966.00 $123,066,372.00

$4,800,773

$10,318

$93,405

Days of Reserves

NET GRAND TOTAL

($2,205,393.10)

($2,229,959.00)

$1,344,913.00

90

90

90

Balanced Budget: Annual revenues (including transfers) exceed annual operating costs. General Fund’s Fund Balance is above the 25% policy minimum. FY24’s ending fund balance is projected to be 25%, or 92 days.

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