The estimated beginning fund balance of all 24 City funds for FY 2026/27 is budgeted at $127,292,537. Budgeted revenue is $68,777,995 and budgeted expenditures are $73,650,102. This results in a total City budgeted ending fund balance of $122,420,429. Of that amount $84,087,170 is dedicated by law or policy as reserves, leaving a remaining available undesignated fund balance of $40,308,057. (Budget Summary, page 78). This allows for a healthy fund balance, as well as ample funding for upcoming utility infrastructure needs as identified in the Capital Improvement Plan. The Capital Improvement Plan for FY 2027/2031 is included in the Capital Improvement Section at the end of this budget book.
The C i ty 's financial policies call for a targeted reserve amount for its various funds. The target amounts and currently available amounts for the various funds are as follows:
Table 2: Fund Balances & Reserves
| Fund Type | Target | FY 26/27
Reserves | Available Fund Balance | Total |
|---|
| General | 90 Days | 7,668,372 | 8,879,519 | 16,547,891 |
|---|
| Library Contribution | N/A | - | 29,665 | 29,665 |
|---|
| Sales Tax | 90 Days | - | 1,134,314 | 1,134,314 |
|---|
| Law Enforcement Education | N/A | - | 71,225 | 71,225 |
|---|
| Police Forfeiture | N/A | - | 216,860 | 216,860 |
|---|
| Street Improvement | 90 Days | 865,107 | (147,629) | (147,629) |
|---|
| Community Redevelopment | 90 Days | 636,454 | 347,903 | 347,903 |
|---|
| General Government Grants | N/A | - | 7,370 | 7,370 |
|---|
| Building Services | 90 Days | 538,460 | (586,164) | (47,704) |
|---|
| Stormwater Utility | 90 Days | 473,238 | (684,385) | (684,385) |
|---|
| Water & Sewer | 90 Days | 4,041,009 | 17,288,942 | 21,329,951 |
|---|
| Reclaimed Water | 90 Days | - | 185,140 | 185,140 |
|---|
| Water & Sewer R&R | 90 Days | - | 12,914,173 | 12,914,173 |
|---|
| Fire Prevention | N/A | - | 382,440 | 382,440 |
|---|
| Greenwood Cemetery Trust | N/A | - | 268,685 | 268,685 |
|---|
| Police Pension | N/A | 34,630,029 | - | 34,630,029 |
|---|
| Fire Pension | N/A | 21,817,474 | - | 21,817,474 |
|---|
| Parks & Recreation Impact Fund | N/A | 359,303 | - | 359,303 |
|---|
| Law Enforcement Impact Fund | N/A | 281,866 | - | 281,866 |
|---|
| Water Impact Fund | 90 Days | 5,834,899 | - | 5,834,899 |
|---|
| Sewer Impact Fund | 90 Days | 7,018,931 | - | 7,018,931 |
|---|
| Economic Development | 90 Days | - | - | - |
|---|
| Library Impact Fund | N/A | (77,972) | - | (77,972) |
|---|
| TOTAL | | $84,087,170 | $40,308,057 | $122,420,429 |
|---|
This year the budget includes the following notable cost increases:
Cost of Living Adjustments of 5% for all employees, reflecting a total salary increase of $829,129 (Salary & Benefits Increase/Decrease, page 8). This increase is necessary to retain
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