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General Fund FY 2025/26 and FY 2026/27 Operating Expenditures and Revenues
<br />As presented in the table below, the General Fund budget is balanced in FY 2025/26 and FY
<br />2026/27.
<br />$151,750,238
<br />$153,876,040
<br />$160,544,762
<br />$165,761,951
<br />$3,751,843
<br />$4,853,145
<br />$2,387,000
<br />$3,494,000
<br />$155,502,080
<br />$158,729,185
<br />$162,931,762
<br />$169,255,951
<br />$900,572
<br />$310,000
<br />$1,349,150
<br />$2,000,000
<br />($142,496,475)
<br />($154,475,775)
<br />($154,782,064)
<br />($160,843,080)
<br />($11,360,284)
<br />($4,556,578)
<br />($9,491,000)
<br />($9,941,000)
<br />($153,856,759)
<br />($159,032,353)
<br />($164,273,064)
<br />($170,784,080)
<br />NET SURPLUS/(DEFICIT) $2,545,893 $6,832 $7,848 $471,871
<br />*Includes one-time use of the Capital Reserve Fund ($1.0M in FY 2025/26 and $2.OM in FY 2026/27).
<br />**Includes one-time use of the Retiree Medical/Other Post -Employment Benefits (OPEB) Trust Fund ($0.6M in FY 2025/26
<br />and $1.2M in FY 2026/27) to reduce the General Fund Contribution to the Retiree Medical Fund.
<br />Total General Fund revenues, including transfers from other funds, are estimated to be
<br />$162.9 million in FY 2025/26, an increase of $4.2 million or 2.6 percent from the FY 2024/25
<br />Modified Budget. Revenues that are increasing include property taxes ($3.8 million), sales
<br />tax ($1.0 million), reimbursement revenue ($0.9 million), interfund revenue ($0.5 million),
<br />planning and development permit fees ($0.3 million), business license tax ($0.2 million),
<br />transient occupancy tax ($0.1 million) and other revenues ($0.3 million). These increases are
<br />largely offset by decreases in transfers from other funds ($2.5 million), recreation revenues
<br />($0.3 million), and intergovernmental revenue ($0.1 million).
<br />As described in the chart below, over 80.0 percent of General Fund revenues are derived
<br />from taxes including property tax (60.0 percent), sales tax (15.9 percent), business license tax
<br />(3.6 percent), and Transient Occupancy Tax (TOT) (3.4 percent). The balance of General Fund
<br />revenues comes from fees for services, fines, interest earnings, inter -fund charges, and
<br />transfers in.
<br />$97.8, Property Tax, 60.0%
<br />FY 2025/26 General Fund Revenues by Category
<br />(in millions)
<br />ales Tax, 15.9%
<br />$20.7, Other Revenue,
<br />12.7%
<br />$5.5, Transient Occupancy
<br />Tax, 3.4%
<br />$6.0, Business License
<br />Tax, 3.6%
<br />reational
<br />e_ 2A%
<br />$2.4, Transfers In, 1.5%
<br />
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