HomeMy WebLinkAbout25.06.10 2026 Budget ResolutionVersion February 2023
RESOLUTION 2025-____
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA,
APPROPRIATING FUNDS FOR VARIOUS BUDGET UNITS, AND FURTHER ESTIMATING
RESOURCES NECESSARY TO OPERATE AND MAINTAIN SERVICES OF MUNICIPAL GOVERNMENT
FOR THE FISCAL YEAR ENDING JUNE 30, 2026.
WHEREAS, the City Commission did, on the 30th day of May, 2025, receive the 2026
Recommended Annual Operating Budget; and
WHEREAS, the City Commission did, on the 10th day of June, 2025 hold a budget work
session that was open to the public to discuss the details of the Recommended Budget; and
WHEREAS, the City Commission did, on the 10th day of June, 2025, after due and proper
legal notice, conduct a public hearing on the recommended municipal budget.
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman,
Montana, to wit:
Section 1
The City Commission of the City of Bozeman, Montana, does hereby authorize and
appropriate expenditures of governmental fund types (general fund, special revenues funds,
debt service funds and capital project funds) and expenses for proprietary fund types (enterprise
funds and internal service funds) and fiduciary fund types (permanent funds) for budget units
and purposes set forth below, in the amounts designated herein, as follows. The City Commission
further authorizes and re-appropriates the unexpended balance of Capital Improvement
Program items, outstanding purchase orders, and other obligations, as approved by the City
Manager, which were previously budgeted and have not been completed.
Version February 2023
Section 1 Continued
Budget Unit Appropriations
General Fund $ 61,483,100
Special Revenue Funds 82,322,300
Debt Service Funds 5,146,700
Construction Funds 894,400
Enterprise Funds 60,626,500
Internal Service Funds 19,568,100
Permanent Funds -
Grand Total - Appropriations $ 230,041,100
The City Commission of the City of Bozeman, Montana does hereby estimate resources
for the various budget units, as follows:
Budget Unit Estimated Resources
General Fund $75,330,500
Special Revenue Funds 98,829,600
Debt Service Funds 8,029,300
Construction Funds 3,180,300
Enterprise Funds 91,461,900
Internal Service Funds 20,303,900
Permanent Funds 2,122,700
Grand Total - Estimated Resources $ 299,258,200
Section 2
Pursuant to Section 7-6-4030, M.C.A., as a result of this budget, property taxes are
estimated for homes valued at $100k, $300k, and $600k as follows:
Estimated Annual Property Tax per Household
Home Value FY25 Actual FY26 Budget
Estimated FY26 Change ($) FY26 Change (%)
$ 100,000 $ 213.61 $ 211.36 $ (2.25) -1.1%
$ 300,000 $ 640.83 $ 634.07 $ (6.76) -1.1%
$ 600,000 $ 1,281.66 $ 1,268.14 $ (13.53) -1.1%
The chart above reflects estimates based on Fiscal Year 2025 taxable values, which were
finalized in October 2024. These estimates will be updated in August 2025 when the Department
of Revenue releases updated assessed values for Fiscal Year 2026.
Assessed values are determined annually by the Department of Revenue pursuant to
Section 15-8-111, M.C.A. For Fiscal Year 2026, the City of Bozeman’s property tax rate is
Version February 2023
estimated to decrease by 1.1%, as measured per $100,000 of taxable value. However, even
though the City’s rate is declining, the taxable value of an individual property may increase.
Section 3
That budget information contained in the "2025 Biennium Adopted Budget" and “FY26
Recommended Annual Operating Budget” documents pertaining to Policy Direction, Fiscal Policy,
and the specific information concerning budgeting for each fund, as may be subsequently
amended prior to final adoption of the budget, are hereby adopted as reference.
Section 4
Annual appropriations and transfers out for various departments for Fiscal Year 2026 will
be controlled and monitored for budgetary compliance at the budget unit level.
Section 5
Pursuant to Sections 7-6-4006 and 7-6-4012, M.C.A., the City Commission hereby
delegates appropriation and budget amendment authority to the City Manager for the
expenditures from the following funds: debt service funds; fee-based budgets; trust funds;
federal, state, and private grants accepted and approved by the City Commission; special
assessments; monies borrowed during the year; proceeds from sale of land; and funds for gifts
or donations.
Section 6
Pursuant to Section 7-6-4030, M.C.A., this resolution, upon its passage, shall be in full
force and effect as of July 1, 2025.
Section 7
That upon this resolution becoming effective, as provided in Section 6 above, all
resolutions and parts thereof in conflict herewith are hereby repealed.
Section 8
That should it be found by any court of competent jurisdiction that any section, clause,
portion, sentence, word, or phrase of this resolution is deemed to be contrary to any existing law
or regulations, that in this instance, it is the intent of the City Commission of the City of Bozeman,
Montana, that all other portions, sections, words, clauses, phrases, or paragraphs of this
document shall remain in full force and effect.
PASSED, ADOPTED, AND APPROVED by the City Commission of the City of Bozeman,
Montana, at a regular session thereof held on the 10th day of June, 2025.
Version February 2023
___________________________________
TERENCE CUNNINGHAM
Mayor
ATTEST:
___________________________________
MIKE MAAS
City Clerk
APPROVED AS TO FORM:
___________________________________
GREG SULLIVAN
City Attorney