fy-2027-adopted-budget-book-final-9-30-2026.pdf — PaddleOCR-VL (Baidu)

Sales Tax Capital Projects Fund

This fund accounts for the capital expenditures of the one-cent infrastructure sales tax to be incurred over a period of five years. Each project is presented along with the amount to be expended each year and the method of paying for those expenditures.

Proprietary Funds

The City uses proprietary funds to account for its business-type activities. The City has several proprietary funds. These proprietary funds include fees or charges on external users for use of the services provided.

Water and Wastewater Revenue Fund – This fund accounts for user fees and other revenues related to the operation of the City's utility system. Fees are charged to the users for services to fund the ongoing operating and capital needs of water, sewer, and reclaimed water services provided.
Reclaimed Water Project Fund – This fund accounts for reclaimed water projects that are used for irrigation and other uses to supplement the City's water supply. Funding is derived from inter-fund transfers from the Water and Sewer Revenue Fund.
Water and Wastewater Renewal and Replacement Fund – This fund covers anticipated expenses for major repairs of the City's utility facilities as well as replacement of related equipment. Funding is derived from inter-fund transfers from the Water and Sewer Revenue Fund.

FY 2026/27 Budget Development

This section describes the major sources of revenues and expenditures, along with trends utilized in developing the FY 2026/27 Adopted Budget. The City maintains a balanced budget approach in compliance with Sec. 166.029 F. S. in which available revenues from taxation and other sources, including balances brought forward from prior fiscal years, must equal the total appropriations for expenditures and reserves. The General Fund, special revenue, and capital projects funds' limited revenue sources for expenditures have been allocated with projected available resources to maintain a balanced budget with limited reliance on fund balance reserves, in accordance with existing City policy.

Financial Forecasting

Financial forecasting plays a pivotal role in budgeting for the City and has significant implications for both short-term and long-term financial planning.

Revenue and Expenditures Forecasting Impact:

Revenue Forecasts: Accurate revenue forecasting provides the foundation for development of the City's budget. The City relies on this forecast to estimate the funds available for spending. Overestimating revenue can lead to budget deficits, while underestimating can result in unspent funds.
Expenditure Forecasts: Projections of future expenditures help allocate resources effectively. The City must estimate the costs of maintaining essential services, personnel salaries, debt service payments and other expenses. Overestimating expenditures can lead to budget surpluses, but it may also result in underfunding important services.

Short-Term Budget Impact:

Balancing Act: Revenue and expenditure forecasts guide City officials in crafting a balanced budget. By comparing anticipated income to projected expenses, the City can identify any budget gaps or surpluses that need addressing.
Program and Service Funding: Forecasts influence funding decisions for various programs and services. If revenues are expected to increase, the City may allocate more resources to improve infrastructure, expand services, or address community needs. Conversely, revenue shortfalls may necessitate re-prioritization or expenditure cuts.