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2/9/2026 <br />3 <br />General Fund Key Budget/Forecast Factors <br />•Lower property tax due to resolved appeals and potential temporary reductions to assessed value <br />•Lower sales tax due to consumer spending focusing on essentials and value <br />•Higher business license tax attributable to significant growth in the prior fiscal year <br />•Higher vacancy factor, anticipated pension cost reduction, and lower general liability insurance costs resulting in savings <br />Note: Pension obligations can vary from year to year mainly due to investment gains/losses <br />5 <br />General Fund Overview <br />•Revenues: Decrease by $60K <br />•Expenditures: Decrease by $0.6 million <br />•Net Transfers: Increase by $0.5 million <br />•Use of Reserves/Trust: Decrease by $1.0 million <br />•Net Surplus: $23K <br />6 <br />5 <br />6 <br />Page 89 of 144