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Fund Balances
<br />The City's operating fund balances represent accumulated funds available to be spent in
<br />the future. Overall, projected FY 2025/26 operating fund balances total $168.1 million, and
<br />for FY 2026/27, this total is expected to decrease to $164.1 million. The General Fund's fund
<br />balance is projected to decrease by $1.3 million from FY 2024/25 to FY 2025/26 and by $1.5
<br />m i I I i o n f ro m FY 2025/26 to FY 2026/27.
<br />Fund balances in the Internal Service Funds are projected to decrease by $0.4 million from
<br />FY 2024/25 to FY 2025/26 due to one-time replacement costs for vehicles and equipment
<br />exceeding annual contribution totals. Fund balances in the Enterprise Funds are expected
<br />to increase by $1.1 million from FY 2024/25 to FY 2025/26 due to increasing revenues in the
<br />Water and Sewer Operating Funds. Fund balances in the Special Revenue Funds are
<br />projected to increase by $1.7 million from FY 2024/25 to FY 2025/26 mostly due to projected
<br />revenues in the Lower Income Housing Fund outgrowing expenditures.
<br />Table 14: Fund Balances for Operating Funds
<br />$52,309,912
<br />$52,006,744
<br />$50,665,442
<br />$49,137,313
<br />$6,620,550
<br />$3,540,550
<br />$2,540,550
<br />$540,550
<br />$56,038,804
<br />$54,746,135
<br />$54,368,822
<br />$54,315,102
<br />$20,119,062
<br />$23,605,172
<br />$24,754,921
<br />$24,258,121
<br />$30,527,523
<br />$30,549,632
<br />$32,213,415
<br />$32,145,830
<br />$2,578,751
<br />$4,028,437
<br />$3,303,882
<br />$3,458,682
<br />$316,538
<br />$284,683
<br />$282,983
<br />$282,483
<br />$168,511,140
<br />$168,761,354
<br />$168,130,016
<br />$164,138,082
<br />40
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