HomeMy WebLinkAboutFiscal Year 2026 Approved Operating Budget, City of BozemanCity of Bozeman
FY26 Adopted
Annual Operating Budget
Fiscal Year ending June 30, 2026
FY26 Adopted Annual Operating Budget
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FY26 Adopted Annual Operating Budget
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Purpose of this Document 6
2025 Biennium Budget Message 7
Budget Calendar 10
Organizational Chart 11
Full-Time Equivalent (FTE) 12
Citywide Resources & Expenditures 13
FY26 Changes in Fund Balance 16
General Fund Resources & Expenditures 17
Departmental Resources & Expenditures by Service Area 21
General Government 23
City Commission 25
Local Government Study Commission Special Revenue Fund 25
City Manager 25
City Attorney 26
Finance 26
Facilities Management 26
Information Technology (IT)27
Human Resources (HR)27
Planning Special Revenue Fund 28
Municipal Court 28
Public Safety 29
Police 31
Drug Forfeiture Special Revenue Fund 31
Fire 32
Fire Capital & Equipment Special Revenue Fund 32
Fire Impact Fee Special Revenue Fund 33
Fire Station #2 Capital Construction Fund 33
Fire Station #4 Capital Construction Fund 34
Building Inspection Special Revenue Fund 34
Parking Enterprise Fund 35
Public Works 37
Public Works Administration Internal Service Fund 39
Shops Complex Capital Construction Fund 39
Solid Waste Enterprise Funds 40
Stormwater Enterprise Fund 41
Transportation Funds 42
Street Maintenance District Special Revenue Fund 42
Table of Contents Page
FY26 Adopted Annual Operating Budget
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Street Impact Fee Special Revenue Fund 43
Street Arterial & Collector District Special Revenue Fund 43
Metropolitan Planning Organization (MPO) Special Revenue Fund 44
Lighting District Special Revenue Funds 44
Street Reconstruction Capital Construction Fund 45
Gas Tax Special Revenue Fund 45
Vehicle Maintenance Internal Service Fund 46
Water Enterprise Funds 47
Wastewater Enterprise Funds 48
Public Welfare 49
Recreation 51
Recreation Improvements Capital Construction Fund 51
Tree Maintenance (Forestry) District Special Revenue Fund 52
Parks & Trails District Special Revenue Fund 53
Parkland Trust Fund 54
Cemetery 54
Cemetery Perpetual Care Permanent Fund 55
Library 55
Library Depreciation Capital Construction Fund 56
Neighborhood Services 56
Economic Development 56
Downtown Improvement District Special Revenue Fund 57
Urban Renewal District Special Revenue Funds 57
Sustainability 58
Community Housing Special Revenue Fund 58
Cross-Departmental 59
Cross-Departmental 61
Health-Medical Insurance Special Revenue Fund 61
Health-Medical Internal Service Fund 61
American Rescue Plan Act Special Revenue Fund 62
Senior Transportation Special Revenue Fund 62
Cross-Department Special Revenue Funds 63
Debt Service Funds 65
General Obligation (GO) Bond Debt Service Funds 67
Special Improvement District (SID) Revolving Debt Service Fund 67
Special Improvement Districts (SIDs) Debt Service Funds 68
Urban Renewal District (URD) Bond Debt Service Funds 68
Reconciliation of 2025 Biennium Budget to FY26 Adopted Annual Operating
Budget
70
Table of Contents Page
FY26 Adopted Annual Operating Budget
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Capital Improvement Plan (CIP)72
Outstanding Debt 79
Appendix A: Taxable Value/Mill Levy Documents 84
Table of Contents Page
FY26 Adopted Annual Operating Budget
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Purpose of this Document
Municipal budgets serve a number of important functions. In addition to laying out a spending plan for
the City and allocating resources to meet the diverse needs of the community, Bozeman’s budget:
•Is a principal policy and management tool for the City’s administration, reflecting and defining
the annual work program;
•Provides a framework for the City to accomplish its vision and strategic plan; and
•Reflects core City values of integrity, leadership, service, and teamwork.
This budget provides information about the City, along with information about the budget process,
revenues, expenditures, and City programs and services. It is intended to provide an accessible,
transparent way of learning about the City budget, while accurately showing how the City invests its
resources.
On June 25, 2024, the Bozeman City Commission adopted the 2025 Biennium Budget — covering both
fiscal year 2025 (FY25) and fiscal year 2026 (FY26). This document, available on the City’s Budget and
Financial Reports webpage, serves as the City’s original budget and primary budget documentation for
FY26. It includes departmental descriptions, goals, and other narrative information about the
development of the budget.
Although the City adopts a biennial budget, the State of Montana requires submission of an annual
operating budget. The FY26 Adopted Annual Operating Budget presented in this document is based on
the second year of the previously adopted 2025 Biennium Budget. Any changes to the original budget
are detailed in the “Reconciliation of 2025 Biennium Budget to FY26 Annual Operating Budget” section
of this document beginning on page 70, and are reflected as the FY26 Adopted Budget presented
hereafter.
FY26 Adopted Annual Operating Budget
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2025 Biennium Budget Message
May 31, 2024
To the Bozeman City Commission:
We are pleased to present to you the City Manager Proposed Budget for the 2025 Biennium. As we
embark on our inaugural biennium budget cycle, we are excited to highlight the benefits that this
strategic shift offers to our City.
Transitioning to a biennium budget reflects our commitment to prudent financial management and
longer-term planning. This approach provides us with greater stability and predictability in resource
allocation over a two-year period, allowing us to focus more effectively on planning and preparing for
the future of Bozeman and how to continue to efficiently provide essential services. Streamlining the
budget process will significantly reduce the administrative burden on many staff, including the City
Commission, involved in the budgetary process and will create additional capacity to focus on
proactively responding to community needs and external changes impacting City services. This milestone
marks a significant step forward in our efforts to ensure the fiscal sustainability and resilience of our City
for years to come.
Rooted in Basics, Rising in Excellence
As we approach the upcoming biennium, it is critical that we refocus our efforts on existing City services
that have long served as the foundation of our success. Our foremost priority must be ensuring the
stability and sustainability of existing City services that our residents rely on daily.
Unprecedented challenges brought about by the growing popularity of Bozeman and exacerbated by the
pandemic have pulled the City in many directions as we grapple with high inflation rates and a booming
population. The population of Bozeman increased by over 17% in just five years and City departments
are struggling to maintain service levels with current staffing, leading to high levels of turnover and
burnout. In addition, challenges in hiring and retention have resulted in a City workforce in which
approximately 50% of employees have less than five years of service. Significant vacancy rates combined
with losses of institutional knowledge result in an overall reduction in productivity and efficiency, which
needs to be acknowledged and addressed.
Providing public services accessibly, efficiently, and effectively is critical. We must make time to be
innovative, to modernize and professionalize our processes, and proactively address the needs and
concerns of the public. One focus area is response to public comments and questions. The City receives
hundreds of contacts from our residents which deserve thoughtful and accurate responses. Although we
work hard to be responsive, we are falling behind. This leads to frustration and perceptions of a local
government that does not care about its residents; nothing is further from the truth. Additionally,
departmental capacity to do basic tasks like write procedure manuals to guide staff, maintain City
websites with current contact information and links, report out on progress toward Commission and
community priorities, and generally share information transparently is limited while we focus on the
next deadline.
Public trust in local government is built through excellence in public service. Continuing at our current
pace is simply not sustainable. The City’s service quality, public perception, performance, and ability to
retain valuable staff are at risk. This budget aims to strike a balance by sustaining our community
partnerships while increasing our internal capacity to deliver services more effectively.
FY26 Adopted Annual Operating Budget
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Staff: Our Most Valuable Asset
Our employees are invaluable, offering expertise, productivity, adaptability, and a steadfast
commitment to public service. Recognizing that many areas within the City currently lack the necessary
capacity to address our most pressing priorities, this budget prioritizes capacity. It includes line items in
each department for new staff, training and professional development, along with reasonable
adjustments to compensation aimed at bolstering employee retention and facilitating the recruitment of
additional staff to help the City become a high performing organization.
New positions included would increase capacity to existing services by approximately 4% per year. The
budget includes several new city service workers in the streets division to help clean, plow, and maintain
the City’s transportation system, which has seen the addition of 26 street miles over the past two years,
with another 50 miles anticipated to be added over the next five years. Engineers and planners are
included in this budget to help prepare for Bozeman’s future design and infrastructure needs, including
an engineer dedicated to Bozeman’s water resources. Also included are additional parks and recreation
staff to further enhance community recreation services, facilities staff to help keep our facilities running,
and public safety positions, both sworn and non-sworn, to ensure Bozeman is a safe and welcoming
community.
In order to provide services to the residents of Bozeman, we rely on departments like human resources,
finance, and information technology to help us hire exceptional employees, grow services in a fiscally
responsible way, and support those services with technologies needed to do the work. In the last five
years, only 4.5 positions have been added in these foundational internal service areas while our
customer base and services have continued to expand. Our human resources department is stretched
thin, with only one recruiter handling hiring of qualified employees and vacancy management in an
organization with over 550 total positions. Similarly, just one budget analyst, with support from various
City departments, has spent the last five months meticulously reviewing department budgets, projecting
revenues, creating long-term financial plans, analyzing rate impacts, and compiling the budget
document before you.
The addition of new employees in these critical areas will inherently increase capacity when positions
are filled, but the additions will also help prevent burnout and support the retention of our exceptional
employees who continue to demonstrate their commitment to the City of Bozeman and our residents.
Fiscal Challenges
As our small city continues to experience rapid growth, we are presented with new and multifaceted
challenges. The strain on public safety, infrastructure, housing, and increased traffic congestion that
result from growth demand our immediate attention. Federal and state grant revenue, including
American Rescue Plan Act (ARPA) funds, supported previous budgets in addressing these issues by
funding infrastructure projects and providing significant support to community partners. These one-time
revenue streams are no longer available to help balance the City’s budgets. Maintaining the same level
of funding allocations to our community partners would cost taxpayers over $3.0 million dollars over the
biennium. Despite the reduction in available grant funding for community partners, this budget still
proposes an increase in discretionary General Fund dollars to support our community partners. This
budget is our attempt to strike a balance between supporting our community partners and adding
resources to support the City’s existing services. We are dedicated to supporting our partners and
working together to tackle the challenges brought by rapid growth, inflation, and the changing economic
landscape.
FY26 Adopted Annual Operating Budget
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Over the last five years, the City has experienced an average annual increase of 10-15% in construction
cost estimates for utility and transportation projects. Between 2022 and 2023 alone, cost increases by
linear foot for water renovations, sewer renovations, and street reconstructions were 15%, 22% and
24% respectively, significantly increasing the cost of completing our capital improvement program.
Meanwhile, prior to FY24 the rates charged to customers of these services remained largely flat.
Because of this, rate, and assessment increases between 3.0% and up to 12.0% are needed in the
biennium to continue to provide essential services like water, wastewater, and solid waste disposal to
the community. Capital projects are included in the budget to maintain and improve aging
infrastructure, with some water pipes and sewer mains reaching over 100 years old. The budget also
includes investments in optimizing existing water supplies to manage this precious resource.
City General Fund expenses are projected to rise at a rate slightly higher than operating revenues due to
state level limitations on property tax increases capped at half the rate of inflation for the last three
years. The Governor’s Property Tax Task Force was created this year and will present recommendations
to the Governor in August of 2024. Local governments are listening, and collaborating to help propose
solutions that provide property tax relief to Montanans without risking the future of local government
services. The future is dynamic, evolving, and uncertain.
Planning for Bozeman’s Future
As we navigate the uncertainties and challenges ahead, this two-year budget cycle presents a unique
opportunity for the City of Bozeman. By implementing the proposed budget, we can bolster the capacity
of our departments to effectively deliver public services, proactively address community concerns, and
enhance the City's reputation for trustworthiness and customer service.
Our City employees demonstrate a strong commitment to public service and strive for excellence in their
roles. Beyond merely maintaining our current service levels, this budget enables us to invest in the
future of Bozeman. By addressing staffing needs, enhancing operational efficiency, and prioritizing
community engagement, we will lay the groundwork for sustained growth and prosperity.
We look forward to collaboration with the City Commission, residents, and community partners to
implement a budget that ensures a prosperous future for Bozeman. Together, we can build a stronger,
more resilient city that meets the needs of its residents and continues to thrive in the years to come.
Thank you for your dedication to our City's well-being.
Chuck Winn Melissa Hodnett
City Manager Finance Director
FY26 Adopted Annual Operating Budget
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Budget Calendar
FY26 Adopted Annual Operating Budget
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Organizational Chart
FY26 Adopted Annual Operating Budget
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Full-Time Equivalent (FTE)
The schedule for FY26 Adds below is consistent with the 2025 Biennial Budget.
Full-time Equivalent (FTE)FY24
Ending
FY25
Current
FY26
Adds
FY26
Budget Position Add Details
General Government
City Manager 9.00 12.00 — 12.00
City Attorney 14.00 15.25 1.00 16.25 Procurement/Contracts Analyst (1 FTE)
Finance 10.25 12.25 — 12.25
Facilities Management 9.50 10.50 1.00 11.50 Project Coordinator (1 FTE)
Information Technology 10.00 10.00 1.00 11.00 Cyber Security Specialist (1 FTE)
Human Resources 6.00 7.00 — 7.00
Planning 20.00 20.00 1.25 21.25 Planner III (1 FTE), Systems Analyst/Special Projects
(0.25 FTE) split between Planning/Building/T&E
Municipal Court 12.25 12.25 — 12.25
Subtotal - General Govt 91.00 99.25 4.25 103.50
Public Safety
Police 88.80 95.80 — 95.80
Fire 51.00 64.00 — 64.00
Building Inspection 23.25 25.25 0.25 25.50 Systems Analyst/Special Projects (0.25 FTE) split
between Planning/Building/T&E
Parking 5.82 6.82 — 6.82
Subtotal - Public Safety 168.87 191.87 0.25 192.12
Public Works
Public Works Administration 30.25 31.25 2.50 33.75
Systems Analyst/Special Projects (0.5 FTE) split
between Planning/Building/T&E, GIS Analyst (1 FTE),
Admin Assistant I (1 FTE)
Street Maintenance 26.10 28.10 2.00 30.10 Streets Operator (2 FTE)
Metropolitan Planning Org. 1.00 2.00 — 2.00
Stormwater 8.75 8.75 — 8.75
Water 32.55 33.55 — 33.55
Wastewater 27.45 27.45 — 27.45
Solid Waste 21.40 24.40 — 24.40
Vehicle Maintenance 9.50 9.50 2.00 11.50 Mechanic (2 FTE)
Subtotal - Public Works 157.00 165.00 6.50 171.50
Public Welfare
Parks & Recreation 60.16 61.78 2.00 63.78 Lifeguard II (1.38 FTE), Rec Leader I - Reclass (0.62
FTE)
Library 26.87 28.12 — 28.12
Neighborhood Services 4.85 4.85 — 4.85
Economic Development 3.83 3.83 — 3.83
Sustainability 3.00 3.00 — 3.00
Subtotal - Public Welfare 98.71 101.58 2.00 103.58
Total Employees 515.58 557.70 13.00 570.70
FY26 Adopted Annual Operating Budget
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Citywide Resources & Expenditures
FY26 Adopted Annual Operating Budget
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FY26 Adopted Annual Operating Budget
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Citywide Resources & Expenditures
City-Wide FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 161,282,900 $ 100,596,300
Revenues & Other Resources
Taxes $ 42,857,084 $ 44,130,300 $ 49,905,400
State Shared 9,181,484 8,490,300 8,665,800
County Shared 3,454,311 3,396,600 3,443,200
Special Assessments 1,211,808 946,500 1,402,000
Licenses & Permits 5,516,586 6,272,400 7,310,100
Intergovernmental 10,588,162 3,924,700 2,686,300
Charges for Services 76,340,854 83,375,800 89,448,000
Fines & Forfeitures 1,440,507 1,377,700 1,395,300
Interest Income 4,869,304 2,512,200 2,513,800
Miscellaneous Revenue 3,666,425 5,053,000 1,520,900
Debt Proceeds 7,483,898 37,163,600 4,194,000
Loan/Lease Repayments 46,333 — —
Internal Charges 16,082,637 17,171,900 19,208,300
Interfund Loan Proceeds — 1,186,900 181,200
Transfers In 19,191,706 8,068,700 6,787,600
Total Revenues $ 201,931,098 $ 223,070,600 $ 198,661,900
Expenditures
Salaries & Benefits $ 60,045,427 $ 67,983,400 $ 76,004,100
Operations & Maintenance 41,599,221 51,187,700 61,750,900
Capital Outlay 34,437,177 124,766,900 51,693,300
Debt Service/Loans 10,853,957 11,894,700 14,236,100
Transfers Out 34,126,742 27,924,500 26,701,700
Total Expenditures $ 181,062,525 $ 283,757,200 $ 230,386,100
Ending Balance $ 100,596,300 $ 68,872,100
FY26 Adopted Annual Operating Budget
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FY26 Changes in Fund Balance
Fund FY26 Beginning
Fund Balance
FY26
Revenues
FY26
Expenditures
FY26 Ending
Fund Balance
FY26 Change in
Fund Balance
General Fund
General Fund $ 15,572,900 $ 59,757,600 $ 61,828,100 $ 13,502,400 $ (2,070,500)
Total General Fund $ 15,572,900 $ 59,757,600 $ 61,828,100 $ 13,502,400 $ (2,070,500)
Special Revenue Funds
Community Development/Planning $ 1,746,900 $ 3,679,000 $ 3,774,100 $ 1,651,800 $ (95,100)
Senior Transportation 23,500 192,700 216,200 — (23,500)
Urban Renewal Districts 12,043,700 6,125,500 17,592,800 576,400 (11,467,300)
Local Government Study Commission — — — — —
Health-Medical Insurance — 3,324,700 3,324,700 — —
Fire Department Equipment 456,400 1,237,300 945,700 748,000 291,600
Community Housing Fund 536,900 1,013,700 1,550,600 — (536,900)
Department Special Revenue-Local 3,448,000 122,200 207,500 3,362,700 (85,300)
Drug Forfeiture — 305,200 305,200 — —
Building Inspection Fund 1,116,400 5,933,200 5,245,000 1,804,600 688,200
Impact Fees 9,609,600 9,233,800 16,552,300 2,291,100 (7,318,500)
Lighting Districts — 532,400 532,400 — —
Street Maintenance District 2,187,900 12,761,900 14,254,100 695,700 (1,492,200)
Street Arterial Construction District 4,208,200 4,742,900 6,384,800 2,566,300 (1,641,900)
Tree Maintenance District 364,200 1,039,900 1,251,500 152,600 (211,600)
Parks & Trails District 1,453,800 7,302,200 8,152,100 603,900 (849,900)
Downtown Improvement District 5,200 281,600 286,800 — (5,200)
MPO 398,200 438,600 621,500 215,300 (182,900)
American Rescue Plan — — — — —
Park Land Trust 2,088,000 875,900 1,125,000 1,838,900 (249,100)
Total Special Revenue Funds $ 39,686,900 $ 59,142,700 $ 82,322,300 $ 16,507,300 $ (23,179,600)
Debt Service Funds
GO Bonds $ (330,000) $ 4,462,400 $ 4,132,400 $ — $ 330,000
URD Bonds — 743,400 743,400 — —
SID Revolving Fund 623,100 — — 623,100 —
Special Improvement Districts (SIDs) 1,950,900 579,500 270,900 2,259,500 308,600
Total Debt Service Funds $ 2,244,000 $ 5,785,300 $ 5,146,700 $ 2,882,600 $ 638,600
Construction Funds
Capital Projects $ 190,500 $ 9,500 $ 200,000 $ — $ (190,500)
Street Reconstruction 1,604,200 32,100 434,400 1,201,900 (402,300)
Fire Station #2 — — — — —
Recreation Improvements — — — — —
Shops Complex 844,000 500,000 260,000 1,084,000 240,000
Total Construction Funds $ 2,638,700 $ 541,600 $ 894,400 $ 2,285,900 $ (352,800)
Enterprise Funds
Water Fund $ 30,158,200 $ 22,476,100 $ 22,828,900 $ 29,805,400 $ (352,800)
Wastewater Fund 3,893,900 18,326,700 22,081,500 139,100 (3,754,800)
Solid Waste Fund 475,700 9,955,600 10,431,300 — (475,700)
Stormwater Fund 1,594,300 2,398,100 3,715,500 276,900 (1,317,400)
Parking Fund 971,600 1,211,700 1,569,300 614,000 (357,600)
Total Enterprise Funds $ 37,093,700 $ 54,368,200 $ 60,626,500 $ 30,835,400 $ (6,258,300)
Internal Service Funds
Vehicle Maintenance $ 4,800 $ 2,962,000 $ 2,966,800 $ — $ (4,800)
Health-Medical Insurance ISF — 7,789,600 7,789,600 — —
Public Works Administration 1,337,300 8,210,200 8,811,700 735,800 (601,500)
Total Internal Service Funds $ 1,342,100 $ 18,961,800 $ 19,568,100 $ 735,800 $ (606,300)
Permanent Funds
Cemetery Perpetual Care $ 2,018,000 $ 104,700 $ — $ 2,122,700 $ 104,700
Total Permanent Funds $ 2,018,000 $ 104,700 $ — $ 2,122,700 $ 104,700
Total All Funds $ 100,596,300 $ 198,661,900 $ 230,386,100 $ 68,872,100 $ (31,724,200)
FY26 Adopted Annual Operating Budget
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General Fund Resources & Expenditures
FY26 Adopted Annual Operating Budget
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FY26 Adopted Annual Operating Budget
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General Fund Resources & Expenditures
Parts of the General Fund budget will be presented multiple times throughout this document.
Departmental expenditures in the General Fund will be presented again in more detail in the
Departmental Resources and Expenditures by Service Area within the General Government, Public
Safety, and Public Welfare Service Areas.
General Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 26,668,200 $ 15,572,900
Revenues & Other Resources
Taxes $ 26,965,418 $ 29,734,800 $ 33,570,400
State Shared 5,423,135 5,453,200 5,568,600
County Shared 3,454,311 3,396,600 3,443,200
Special Assessments 185 100 100
Licenses & Permits 414,079 500,900 529,800
Intergovernmental 4,096,943 696,100 2,241,300
Charges for Services 1,113,373 1,215,200 1,246,400
Fines & Forfeitures 914,294 952,800 959,500
Interest Income 554,609 100,000 100,000
Miscellaneous Revenue 489,607 221,500 221,500
Debt Proceeds 4,147,967 2,311,300 894,600
Internal Charges 6,595,256 7,020,800 7,887,500
Transfers In 6,725,110 3,876,000 3,094,700
Total Revenues $ 60,894,287 $ 55,479,300 $ 59,757,600
Expenditures
Salaries & Benefits $ 34,371,775 $ 37,657,300 $ 42,664,600
Operations & Maintenance 10,357,556 13,252,500 13,041,000
Capital Outlay 2,979,104 11,324,000 2,524,600
Debt Service/Loans 200,181 399,200 811,900
Transfers Out 1,906,116 3,941,600 2,786,000
Total Expenditures $ 49,814,733 $ 66,574,600 $ 61,828,100
Ending Balance $ 15,572,900 $ 13,502,400
Designated Reserves $ 3,505,000
Undesignated Reserves $ 9,997,400
General Fund Undesignated Reserves as a Percent of Revenue 16.73 %1
FY26 Adopted Annual Operating Budget
Page 19
1 City of Bozeman Ordinance 1787 established that the minimum level of undesignated fund balance in
the General Fund be no less than 16.67% of estimated General Fund revenues.
General Fund Operating Expenditures by Department Summary
Department Service Area FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
City Commission General Government $ 330,965 $ 806,600 $ 1,619,000
City Manager General Government 2,268,596 2,755,100 3,215,500
Municipal Court General Government 1,522,741 1,922,100 2,016,600
City Attorney General Government 2,150,125 2,665,400 2,855,900
Finance General Government 1,498,737 2,055,500 2,176,300
Facilities General Government 2,851,341 6,749,400 3,900,700
Information Technology (IT)General Government 2,125,353 2,287,300 2,758,200
Human Resources (HR)General Government 920,035 1,193,500 1,249,400
Police Public Safety 13,583,056 15,038,200 15,095,100
Fire Public Safety 9,307,459 9,234,300 10,738,700
Cemetery Public Welfare 719,636 1,518,100 776,000
Library Public Welfare 3,347,969 3,734,900 3,878,500
Recreation Public Welfare 3,831,483 8,078,500 4,072,300
Neighborhood Services Public Welfare 291,887 931,100 1,012,300
Economic Development Public Welfare 433,987 524,000 539,600
Sustainability Public Welfare 432,981 1,322,900 1,297,000
Cross-Departmental N/A 2,292,267 1,816,100 1,841,000
Transfers Out N/A 1,906,116 3,941,600 2,786,000
Total $ 49,814,733 $ 66,574,600 $ 61,828,100
General Fund FY26 Operating Expenditures
City Commission, 2.6%
City Manager, 5.2%
Municipal Court, 3.3%
City Attorney, 4.6%
Finance, 3.5%
Facilities, 6.3%
Information Technology (IT)
4.5%
Human Resources (HR)
2.0%
Police, 24.4%
Fire, 17.4%
Cemetery, 1.3%
Library, 6.3%
Recreation, 6.6%
Neighborhood Services, 1.6%
Economic Development, 0.9%
Sustainability, 2.1%
Cross-Departmental, 3.0%
Transfers Out, 4.5%
FY26 Adopted Annual Operating Budget
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Departmental Resources & Expenditures
by Service Area
FY26 Adopted Annual Operating Budget
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FY26 Adopted Annual Operating Budget
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General Government
FY26 Adopted Annual Operating Budget
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General Government - Resources & Expenditures
FY26 Adopted Annual Operating Budget
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City Commission - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
City Commission
Expenditures
Salaries & Benefits $ 202,642 $ 233,500 $ 247,500
Operations & Maintenance 113,372 541,600 1,371,500
Capital Outlay 14,951 31,500 —
Total Expenditures $ 330,965 $ 806,600 $ 1,619,000
Local Government Study Commission Special Revenue Fund
Local Government Study
Commission FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ — $ —
Revenues & Other Resources
Taxes $ — $ 245,300 $ —
Total Revenues $ — $ 245,300 $ —
Expenditures
Operations & Maintenance $ — $ 245,300 $ —
Total Expenditures $ — $ 245,300 $ —
Ending Balance $ — $ —
City Manager - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
City Manager
Expenditures
Salaries & Benefits $ 1,619,868 $ 1,711,000 $ 2,210,000
Operations & Maintenance 648,728 994,100 1,005,500 2
Capital Outlay — 50,000 —
Total Expenditures $ 2,268,596 $ 2,755,100 $ 3,215,500
General Government - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 25
2 Budget includes $50,000 for ballot education regarding the Water Adequacy Ballot Initiative.
City Attorney - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
City Attorney
Expenditures
Salaries & Benefits $ 1,971,356 $ 2,354,900 $ 2,599,200
Operations & Maintenance 178,768 310,500 256,700
Total Expenditures $ 2,150,125 $ 2,665,400 $ 2,855,900
Finance - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Finance
Expenditures
Salaries & Benefits $ 1,044,361 $ 1,450,800 $ 1,659,300
Operations & Maintenance 454,376 604,700 517,000
Total Expenditures $ 1,498,737 $ 2,055,500 $ 2,176,300
Facilities Management - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Facilities
Expenditures
Salaries & Benefits $ 726,009 $ 976,200 $ 1,167,200
Operations & Maintenance 1,750,976 2,188,100 1,864,000
Capital Outlay 363,001 3,585,100 670,500
Debt Service/Loans 11,356 — 199,000
Total Expenditures $ 2,851,341 $ 6,749,400 $ 3,900,700
General Government - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 26
Information Technology (IT) - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Information Technology (IT)
Expenditures
Salaries & Benefits $ 1,295,246 $ 1,452,600 $ 1,677,600
Operations & Maintenance 611,610 774,700 746,100
Capital Outlay 102,867 60,000 334,500
Debt Service/Loans 115,630 — —
Total Expenditures $ 2,125,353 $ 2,287,300 $ 2,758,200
Human Resources (HR) - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Human Resources (HR)
Expenditures
Salaries & Benefits $ 757,484 $ 875,600 $ 1,002,700
Operations & Maintenance 162,551 317,900 246,700
Total Expenditures $ 920,035 $ 1,193,500 $ 1,249,400
General Government - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 27
Planning Special Revenue Fund (Community Development)
Community Development/Planning FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 2,891,400 $ 1,746,900
Revenues & Other Resources
Taxes $ 349,560 $ 619,100 $ 1,266,100
State Shared 141,476 152,700 155,900
Licenses & Permits 98,758 104,500 107,600
Intergovernmental 39,736 6,200 6,400
Charges for Services 949,565 1,220,000 1,403,100
Interest Income 74,283 14,400 14,800
Miscellaneous Revenue 78,177 83,500 86,000
Internal Charges 362,557 414,200 426,600
Transfers In 2,638,825 188,500 212,500
Total Revenues $ 4,732,937 $ 2,803,100 $ 3,679,000
Expenditures
Salaries & Benefits $ 2,114,275 $ 2,546,300 $ 2,872,700
Operations & Maintenance 399,224 897,000 350,600
Capital Outlay — 13,000 25,000
Debt Service/Loans 23,726 — —
Transfers Out 502,372 491,300 525,800
Total Expenditures $ 3,039,597 $ 3,947,600 $ 3,774,100
Ending Balance $ 1,746,900 $ 1,651,800
Municipal Court - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Municipal Court
Expenditures
Salaries & Benefits $ 1,399,960 $ 1,592,800 $ 1,652,600
Operations & Maintenance 122,781 329,300 364,000
Total Expenditures $ 1,522,741 $ 1,922,100 $ 2,016,600
General Government - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 28
Public Safety
Public Safety - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 29
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Public Safety - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 30
Police - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Police
Expenditures
Salaries & Benefits $ 11,700,298 $ 12,295,300 $ 13,286,100
Operations & Maintenance 1,259,278 1,459,800 1,324,500
Capital Outlay 605,737 1,265,200 359,500
Debt Service/Loans 17,743 17,900 125,000
Total Expenditures $ 13,583,056 $ 15,038,200 $ 15,095,100
Drug Forfeiture Special Revenue Fund
Drug Forfeiture Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ — $ —
Revenues & Other Resources
Intergovernmental $ 124,951 $ — $ —
Interest Income 3,521 — —
Miscellaneous Revenue 2,515 — —
Transfers In 196,351 287,000 305,200
Total Revenues $ 327,338 $ 287,000 $ 305,200
Expenditures
Salaries & Benefits $ 299,805 $ 280,400 $ 298,600
Operations & Maintenance 141,585 5,600 5,600
Transfers Out 15,115 1,000 1,000
Total Expenditures $ 456,506 $ 287,000 $ 305,200
Ending Balance $ — $ —
Public Safety - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 31
Fire - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Fire
Expenditures
Salaries & Benefits $ 8,425,281 $ 8,060,700 $ 9,906,000
Operations & Maintenance 882,178 1,123,600 832,700
Debt Service/Loans — 50,000 —
Total Expenditures $ 9,307,459 $ 9,234,300 $ 10,738,700
Fire Capital & Equipment Special Revenue Fund
Fire Department Equipment FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 651,400 $ 456,400
Revenues & Other Resources
Taxes $ 959,539 $ 1,023,800 $ 1,228,100
Interest Income (135) 9,200 9,200
Total Revenues $ 959,404 $ 1,033,000 $ 1,237,300
Expenditures
Operations & Maintenance $ 265,183 $ — $ —
Capital Outlay 1,383,271 434,000 151,700
Debt Service/Loans — 794,000 794,000
Transfers Out 2,000,000 — —
Total Expenditures $ 3,648,454 $ 1,228,000 $ 945,700
Ending Balance $ 456,400 $ 748,000
Public Safety - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 32
Fire Impact Fee Special Revenue Fund
Fire Impact Fee FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 1,839,400 $ 917,800
Revenues & Other Resources
Charges for Services $ 724,018 $ 615,800 $ 634,300
Interest Income 180,293 47,400 47,400
Total Revenues $ 904,311 $ 663,200 $ 681,700
Expenditures
Operations & Maintenance $ 3,040 $ 54,000 $ 56,700
Capital Outlay — 1,500,000 —
Transfers Out 3,836,201 30,800 31,700
Total Expenditures $ 3,839,241 $ 1,584,800 $ 88,400
Ending Balance $ 917,800 $ 1,511,100
Fire Station #2 Capital Construction Fund
Fire Station 2 Capital
Construction Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 1,990,200 $ —
Revenues & Other Resources
Interest Income $ 40,185 $ — $ —
Transfers In 5,800,000 — —
Total Revenues $ 5,840,185 $ — $ —
Expenditures
Operations & Maintenance $ 13,449 $ — $ —
Capital Outlay 9,500,811 1,990,200 —
Total Expenditures $ 9,514,259 $ 1,990,200 $ —
Ending Balance $ — $ —
Public Safety - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 33
Fire Station #4 Capital Construction Fund
Fire Station 4 Capital
Construction Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ — $ —
Revenues & Other Resources
Debt Proceeds $ — $ 18,000,000 $ —
Total Revenues $ — $ 18,000,000 $ —
Expenditures
Capital Outlay $ — $ 18,000,000 $ —
Total Expenditures $ — $ 18,000,000 $ —
Ending Balance $ — $ —
Building Inspection Special Revenue Fund (Community Development)
Building Inspection Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 1,059,300 $ 1,116,400
Revenues & Other Resources
Licenses & Permits $ 4,223,073 $ 4,870,000 $ 5,852,100
Intergovernmental 171,305 — —
Charges for Services 51,300 49,300 50,800
Interest Income 36,525 10,000 10,000
Miscellaneous Revenue 19,125 19,700 20,300
Total Revenues $ 4,501,328 $ 4,949,000 $ 5,933,200
Expenditures
Salaries & Benefits $ 2,719,603 $ 3,478,800 $ 3,728,700
Operations & Maintenance 780,644 778,300 888,700
Capital Outlay 37,548 120,000 79,100
Debt Service/Loans 94,864 — —
Transfers Out 467,660 514,800 548,500
Total Expenditures $ 4,100,319 $ 4,891,900 $ 5,245,000
Ending Balance $ 1,116,400 $ 1,804,600
Public Safety - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 34
Parking Enterprise Fund
Parking Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 1,725,100 $ 971,600
Revenues & Other Resources
Licenses & Permits $ 739,495 $ 753,500 $ 776,100
Intergovernmental 6,644 — —
Charges for Services 1,996 1,100 1,100
Fines & Forfeitures 472,635 361,800 372,700
Interest Income 61,524 58,800 58,800
Miscellaneous Revenue (1,913) 3,000 3,000
Total Revenues $ 1,280,381 $ 1,178,200 $ 1,211,700
Expenditures
Salaries & Benefits $ 455,442 $ 651,800 $ 695,700
Operations & Maintenance 626,003 609,700 466,600
Capital Outlay 108,886 447,000 170,500
Transfers Out 132,818 223,200 236,500
Total Expenditures $ 1,323,148 $ 1,931,700 $ 1,569,300
Ending Balance $ 971,600 $ 614,000
Public Safety - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 35
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Public Safety - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 36
Public Works
Public Works - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 37
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Public Works - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 38
Public Works Administration Internal Service Fund
Public Works Administration FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 2,396,000 $ 1,337,300
Revenues & Other Resources
Licenses & Permits $ 7,689 $ 12,000 $ 12,000
Intergovernmental 69,419 — —
Interest Income 88,573 184,200 184,200
Miscellaneous Revenue 21,355 — —
Internal Charges 5,497,756 7,085,800 7,913,000
Transfers In 93,272 97,200 101,000
Total Revenues $ 5,778,064 $ 7,379,200 $ 8,210,200
Expenditures
Salaries & Benefits $ 4,038,732 $ 4,873,500 $ 5,582,700
Operations & Maintenance 1,199,250 1,488,300 1,678,700
Capital Outlay — 250,000 —
Debt Service/Loans 116,998 97,200 101,000
Transfers Out 702,921 1,728,900 1,449,300
Total Expenditures $ 6,057,900 $ 8,437,900 $ 8,811,700
Ending Balance $ 1,337,300 $ 735,800
Shops Complex Capital Construction Fund
Shops Complex Capital
Construction Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ — $ 844,000
Revenues & Other Resources
Transfers In $ — $ 1,000,000 $ 500,000
Total Revenues $ — $ 1,000,000 $ 500,000
Expenditures
Operations & Maintenance $ — $ — $ 260,000
Capital Outlay — 156,000 —
Total Expenditures $ — $ 156,000 $ 260,000
Ending Balance $ 844,000 $ 1,084,000
Public Works - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 39
Solid Waste Enterprise Funds
Solid Waste Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 565,600 $ 475,700
Revenues & Other Resources
Special Assessments $ 36 $ 100 $ 100
Intergovernmental 31,725 1,450,100 —
Charges for Services 6,655,306 8,026,500 8,664,300
Interest Income (12,639) 2,900 2,900
Miscellaneous Revenue 68,981 44,000 47,600
Debt Proceeds — 1,941,100 433,500
Interfund Loan Proceeds — 1,186,900 166,400
Transfers In 352,800 272,100 640,800
Total Revenues $ 7,096,209 $ 12,923,700 $ 9,955,600
Expenditures
Salaries & Benefits $ 2,189,857 $ 2,523,400 $ 2,692,200
Operations & Maintenance 2,382,128 3,222,900 3,884,500
Capital Outlay 1,067,647 4,135,900 976,500
Debt Service/Loans — — 301,000
Transfers Out 1,599,134 3,131,400 2,577,100
Total Expenditures $ 7,238,767 $ 13,013,600 $ 10,431,300
Ending Balance $ 475,700 $ —
Public Works - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 40
Stormwater Enterprise Fund
Stormwater Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 2,147,700 $ 1,594,300
Revenues & Other Resources
Intergovernmental $ 12,588 $ — $ —
Charges for Services 2,023,962 2,212,700 2,338,300
Interest Income 69,755 59,800 59,800
Miscellaneous Revenue 13,020 — —
Debt Proceeds — 1,275,000 —
Total Revenues $ 2,119,326 $ 3,547,500 $ 2,398,100
Expenditures
Salaries & Benefits $ 849,936 $ 881,300 $ 942,800
Operations & Maintenance 193,347 223,100 247,800
Capital Outlay 264,667 2,214,200 1,524,500
Debt Service/Loans 116,363 116,200 281,000
Transfers Out 529,577 666,100 719,400
Total Expenditures $ 1,953,890 $ 4,100,900 $ 3,715,500
Ending Balance $ 1,594,300 $ 276,900
Public Works - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 41
Transportation Funds
Street Maintenance District Special Revenue Fund
Street Maintenance District FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 4,853,100 $ 2,187,900
Revenues & Other Resources
State Shared $ 3,488,443 $ 2,827,300 $ 2,884,200
Special Assessments 21,385 20,000 20,000
Licenses & Permits 30,993 30,000 31,000
Intergovernmental 36,908 — —
Charges for Services 8,973,561 9,425,800 9,805,700
Interest Income 130,782 20,000 20,000
Miscellaneous Revenue 76,027 1,000 1,000
Debt Proceeds 911,912 — —
Transfers In 292,179 — —
Total Revenues $ 13,962,191 $ 12,324,100 $ 12,761,900
Expenditures
Salaries & Benefits $ 2,512,170 $ 3,091,300 $ 3,464,000
Operations & Maintenance 2,236,320 3,550,300 3,491,200
Capital Outlay 3,087,855 4,724,100 3,261,400
Debt Service/Loans 364,988 323,500 323,800
Transfers Out 2,686,577 3,300,100 3,713,700
Total Expenditures $ 10,887,910 $ 14,989,300 $ 14,254,100
Ending Balance $ 2,187,900 $ 695,700
Public Works - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 42
Street Impact Fee Special Revenue Fund
Street Impact Fee FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 18,274,600 $ 8,691,800
Revenues & Other Resources
Charges for Services $ 7,741,627 $ 8,174,900 $ 8,420,100
Interest Income 544,486 132,000 132,000
Transfers In 2,457 — —
Total Revenues $ 8,288,570 $ 8,306,900 $ 8,552,100
Expenditures
Operations & Maintenance $ 14,768 $ 50,000 $ 50,000
Capital Outlay 3,870,868 17,431,000 15,992,900
Transfers Out 373,707 408,700 421,000
Total Expenditures $ 4,259,344 $ 17,889,700 $ 16,463,900
Ending Balance $ 8,691,800 $ 780,000
Street Arterial & Collector District Special Revenue Fund
Street Arterial Construction District FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 5,239,500 $ 4,208,200
Revenues & Other Resources
Special Assessments $ 4,424 $ 4,000 $ 4,000
Intergovernmental — 573,900 —
Charges for Services 1,816,473 1,883,000 1,906,000
Interest Income 101,302 20,000 20,000
Miscellaneous Revenue 1,323,678 100,000 100,000
Debt Proceeds — 2,885,400 2,712,900
Total Revenues $ 3,245,877 $ 5,466,300 $ 4,742,900
Expenditures
Operations & Maintenance $ 14,183 $ 358,600 $ 153,200
Capital Outlay 2,119,189 6,139,000 5,905,600
Debt Service/Loans — — 326,000
Total Expenditures $ 2,133,372 $ 6,497,600 $ 6,384,800
Ending Balance $ 4,208,200 $ 2,566,300
Public Works - Resources & Appropriations
FY26 Adopted Annual Operating Budget
Page 43
Metropolitan Planning Organization (MPO) Special Revenue Fund
MPO FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 417,500 $ 398,200
Revenues & Other Resources
Intergovernmental $ 70 $ 502,500 $ 438,600
Miscellaneous Revenue 5,876 — —
Transfers In 5,876 74,600 —
Total Revenues $ 11,822 $ 577,100 $ 438,600
Expenditures
Salaries & Benefits $ 9,339 $ 288,100 $ 304,800
Operations & Maintenance 2,483 308,300 316,700
Total Expenditures $ 11,822 $ 596,400 $ 621,500
Ending Balance $ 398,200 $ 215,300
Lighting District Special Revenue Funds
Lighting Districts FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 415,400 $ —
Revenues & Other Resources
Special Assessments $ 422,024 $ 97,000 $ 532,400
Interest Income 16,048 — —
Total Revenues $ 438,072 $ 97,000 $ 532,400
Expenditures
Operations & Maintenance $ 494,160 $ 512,400 $ 532,400
Total Expenditures $ 494,160 $ 512,400 $ 532,400
Ending Balance $ — $ —
Public Works - Resources & Appropriations
FY26 Adopted Annual Operating Budget
Page 44
Street Reconstruction Capital Construction Fund
Street Reconstruction Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 2,154,500 $ 1,604,200
Revenues & Other Resources
Interest Income $ 74,019 $ 32,100 $ 32,100
Transfers In 782,130 — —
Total Revenues $ 856,149 $ 32,100 $ 32,100
Expenditures
Operations & Maintenance $ 3,507 $ — $ —
Capital Outlay 942,624 582,400 434,400
Total Expenditures $ 946,132 $ 582,400 $ 434,400
Ending Balance $ 1,604,200 $ 1,201,900
Gas Tax Special Revenue Fund
Gas Tax Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ — $ —
Revenues & Other Resources
Interest Income $ 4,833 $ — $ —
Total Revenues $ 4,833 $ — $ —
Expenditures
Transfers Out $ 265,958 $ — $ —
Total Expenditures $ 265,958 $ — $ —
Ending Balance $ — $ —
Public Works - Resources & Appropriations
FY26 Adopted Annual Operating Budget
Page 45
Vehicle Maintenance Internal Service Fund
Vehicle Maintenance FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 24,000 $ 4,800
Revenues & Other Resources
Intergovernmental $ 14,390 $ — $ —
Interest Income (10,080) (19,200) (19,200)
Miscellaneous Revenue 14,800 — —
Internal Charges 3,627,068 2,651,100 2,981,200
Total Revenues $ 3,646,178 $ 2,631,900 $ 2,962,000
Expenditures
Salaries & Benefits $ 961,575 $ 1,056,000 $ 1,247,800
Operations & Maintenance 1,320,534 1,075,500 1,220,200
Capital Outlay 38,154 120,000 52,000
Transfers Out 275,514 399,600 446,800
Total Expenditures $ 2,595,776 $ 2,651,100 $ 2,966,800
Ending Balance $ 4,800 $ —
Public Works - Resources & Appropriations
FY26 Adopted Annual Operating Budget
Page 46
Water Enterprise Funds
Water Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 41,828,500 $ 30,158,200
Revenues & Other Resources
Special Assessments $ 160 $ — $ —
Intergovernmental 684,477 535,900 —
Charges for Services 17,180,977 19,260,100 21,095,200
Interest Income 1,372,635 1,231,300 1,231,300
Miscellaneous Revenue 175,563 149,600 149,600
Loan/Lease Repayments 46,333 — —
Transfers In 69,979 — —
Total Revenues $ 19,530,123 $ 21,176,900 $ 22,476,100
Expenditures
Salaries & Benefits $ 3,560,952 $ 3,789,200 $ 4,073,400
Operations & Maintenance 3,760,545 4,000,300 3,950,300 3
Capital Outlay 4,126,724 18,917,700 8,342,600
Debt Service/Loans 1,796,388 1,796,200 1,795,900
Transfers Out 3,880,395 4,343,800 4,666,700
Total Expenditures $ 17,125,004 $ 32,847,200 $ 22,828,900
Ending Balance $ 30,158,200 $ 29,805,400
Public Works - Resources & Appropriations
FY26 Adopted Annual Operating Budget
Page 47
3 Up to $50,000 of the Water Operations budget may be used for ballot education regarding the Water
Adequacy Ballot Initiative.
Wastewater Enterprise Funds
Wastewater Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 14,753,100 $ 3,893,900
Revenues & Other Resources
Special Assessments $ 22 $ — $ —
Intergovernmental 942,225 — —
Charges for Services 14,693,222 16,304,600 17,883,700
Interest Income 494,464 435,600 435,600
Miscellaneous Revenue (3,401) 7,400 7,400
Debt Proceeds — 10,200,000 —
Transfers In 97,834 — —
Total Revenues $ 16,224,366 $ 26,947,600 $ 18,326,700
Expenditures
Salaries & Benefits $ 2,842,969 $ 3,052,500 $ 3,248,800
Operations & Maintenance 3,235,040 3,436,000 3,131,300
Capital Outlay 2,936,734 25,187,200 8,272,500
Debt Service/Loans 2,727,628 2,994,600 4,050,800
Transfers Out 2,795,618 3,136,500 3,378,100
Total Expenditures $ 14,537,988 $ 37,806,800 $ 22,081,500
Ending Balance $ 3,893,900 $ 139,100
Public Works - Resources & Appropriations
FY26 Adopted Annual Operating Budget
Page 48
Public Welfare
Public Welfare - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 49
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Public Welfare - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 50
Recreation - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Recreation
Expenditures
Salaries & Benefits $ 1,405,140 $ 2,114,000 $ 2,489,500
Operations & Maintenance 657,709 869,600 769,900
Capital Outlay 1,726,356 4,765,500 325,000
Debt Service/Loans 42,279 329,400 487,900
Total Expenditures $ 3,831,483 $ 8,078,500 $ 4,072,300
Recreation Improvements Capital Construction Fund
Recreation Improvements
Capital Construction Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 1,364,400 $ —
Revenues & Other Resources
Interest Income $ 20,642 $ — $ —
Debt Proceeds 2,424,019 — —
Transfers In 37,607 — —
Total Revenues $ 2,482,267 $ — $ —
Expenditures
Operations & Maintenance $ 58,387 $ — $ —
Capital Outlay 1,022,344 1,364,400 —
Transfers Out 1,750,000 — —
Total Expenditures $ 2,830,731 $ 1,364,400 $ —
Ending Balance $ — $ —
Public Welfare - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 51
Tree Maintenance (Forestry) District Special Revenue Fund
Tree Maintenance District FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 636,400 $ 364,200
Revenues & Other Resources
Special Assessments $ 2,428 $ 2,000 $ 2,000
Intergovernmental 7,420 — —
Charges for Services 935,893 973,700 1,012,900
Interest Income 21,760 10,000 10,000
Miscellaneous Revenue 30,976 15,000 15,000
Total Revenues $ 998,478 $ 1,000,700 $ 1,039,900
Expenditures
Salaries & Benefits $ 553,831 $ 671,700 $ 718,600
Operations & Maintenance 189,574 219,300 220,000
Capital Outlay 56,364 212,000 130,000
Transfers Out 129,399 169,900 182,900
Total Expenditures $ 929,168 $ 1,272,900 $ 1,251,500
Ending Balance $ 364,200 $ 152,600
Public Welfare - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 52
Parks & Trails District Special Revenue Fund
Parks & Trails District FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 4,979,600 $ 1,453,800
Revenues & Other Resources
Special Assessments $ 15,179 $ 13,300 $ 13,300
Intergovernmental 36,233 — —
Charges for Services 6,688,040 6,847,600 7,112,100
Interest Income 130,931 13,800 13,800
Miscellaneous Revenue 469,377 3,510,000 10,000
Debt Proceeds — 550,800 153,000
Transfers In 33,237 — —
Total Revenues $ 7,372,997 $ 10,935,500 $ 7,302,200
Expenditures
Salaries & Benefits $ 2,221,554 $ 2,725,800 $ 3,028,700
Operations & Maintenance 2,351,622 2,655,900 2,585,100
Capital Outlay 492,191 8,074,900 1,380,000
Debt Service/Loans 62,897 125,900 211,900
Transfers Out 702,986 878,800 946,400
Total Expenditures $ 5,831,250 $ 14,461,300 $ 8,152,100
Ending Balance $ 1,453,800 $ 603,900
Public Welfare - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 53
Parkland Trust Fund
Park Land Trust FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 2,556,100 $ 2,088,000
Revenues & Other Resources
Interest Income $ 87,279 $ 66,100 $ 66,100
Miscellaneous Revenue 807,631 786,200 809,800
Transfers In 243,877 — —
Total Revenues $ 1,138,788 $ 852,300 $ 875,900
Expenditures
Operations & Maintenance $ 14,000 $ 613,800 $ 525,000
Capital Outlay 45,220 706,600 600,000
Debt Service/Loans 233,719 — —
Total Expenditures $ 292,939 $ 1,320,400 $ 1,125,000
Ending Balance $ 2,088,000 $ 1,838,900
Cemetery - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Cemetery
Expenditures
Salaries & Benefits $ 384,751 $ 452,200 $ 449,700
Operations & Maintenance 168,692 241,800 236,300
Capital Outlay 166,193 824,100 90,000
Total Expenditures $ 719,636 $ 1,518,100 $ 776,000
Public Welfare - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 54
Cemetery Perpetual Care Permanent Fund
Cemetery Perpetual Care FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 1,915,800 $ 2,018,000
Revenues & Other Resources
Charges for Services $ 101,063 $ 82,200 $ 84,700
Interest Income 63,660 20,000 20,000
Total Revenues $ 164,723 $ 102,200 $ 104,700
Expenditures $ — $ — $ —
Total Expenditures $ — $ — $ —
Ending Balance $ 2,018,000 $ 2,122,700
Library - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Library
Expenditures
Salaries & Benefits $ 2,657,975 $ 2,884,700 $ 3,024,000
Operations & Maintenance 682,801 813,300 854,500
Capital Outlay — 35,000 —
Debt Service/Loans 7,192 1,900 —
Total Expenditures $ 3,347,969 $ 3,734,900 $ 3,878,500
Public Welfare - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 55
Library Depreciation Capital Construction Fund
Library Depreciation Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 341,700 $ 190,500
Revenues & Other Resources
Interest Income $ 21,629 $ 9,500 $ 9,500
Miscellaneous Revenue — 67,000 —
Transfers In 83,977 87,400 —
Total Revenues $ 105,606 $ 163,900 $ 9,500
Expenditures
Operations & Maintenance $ 6,884 $ — $ —
Capital Outlay — 315,100 200,000
Total Expenditures $ 6,884 $ 315,100 $ 200,000
Ending Balance $ 190,500 $ —
Neighborhood Services - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Neighborhood Services
Expenditures
Salaries & Benefits $ 185,293 $ 576,300 $ 631,300
Operations & Maintenance 100,613 264,800 277,000
Capital Outlay — 90,000 104,000
Debt Service/Loans 5,981 — —
Total Expenditures $ 291,887 $ 931,100 $ 1,012,300
Economic Development - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Economic Development
Expenditures
Salaries & Benefits $ 266,905 $ 252,600 $ 266,200
Operations & Maintenance 167,082 271,400 273,400
Total Expenditures $ 433,987 $ 524,000 $ 539,600
Public Welfare - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 56
Downtown Improvement District Special Revenue Fund
Downtown Improvement
District FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 5,600 $ 5,200
Revenues & Other Resources
Special Assessments $ 230,454 $ 260,100 $ 280,100
Licenses & Permits 2,500 1,500 1,500
Total Revenues $ 232,954 $ 261,600 $ 281,600
Expenditures
Operations & Maintenance $ 232,609 $ 262,000 $ 286,800
Total Expenditures $ 232,609 $ 262,000 $ 286,800
Ending Balance $ 5,200 $ —
Urban Renewal District Special Revenue Funds
Urban Renewal Districts FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 11,215,900 $ 12,043,700
Revenues & Other Resources
Taxes $ 6,324,553 $ 5,664,900 $ 6,066,300
State Shared 128,429 57,100 57,100
Intergovernmental 2,783 — —
Interest Income 367,008 2,100 2,100
Miscellaneous Revenue 329 — —
Total Revenues $ 6,823,102 $ 5,724,100 $ 6,125,500
Expenditures
Salaries & Benefits $ 183,409 $ 194,600 $ 205,800
Operations & Maintenance 2,675,813 3,455,500 14,881,500
Capital Outlay 279,485 408,200 1,670,000
Debt Service/Loans 92,000 92,100 92,100
Transfers Out 987,958 745,900 743,400
Total Expenditures $ 4,218,665 $ 4,896,300 $ 17,592,800
Ending Balance $ 12,043,700 $ 576,400
Public Welfare - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 57
Sustainability - General Fund
Excludes Transfers
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Sustainability
Expenditures
Salaries & Benefits $ 329,207 $ 374,100 $ 395,700
Operations & Maintenance 103,774 331,200 260,200
Capital Outlay — 617,600 641,100
Total Expenditures $ 432,981 $ 1,322,900 $ 1,297,000
Community Housing Special Revenue Fund
Community Housing Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 1,780,600 $ 536,900
Revenues & Other Resources
Taxes $ 1,415,586 $ — $ —
Intergovernmental 1,607 — —
Interest Income 61,425 13,600 13,600
Miscellaneous Revenue 89 100 100
Transfers In — 1,250,000 1,000,000
Total Revenues $ 1,478,708 $ 1,263,700 $ 1,013,700
Expenditures
Salaries & Benefits $ 106,996 $ 111,100 $ 117,600
Operations & Maintenance 1,786,657 2,396,300 1,433,000
Total Expenditures $ 1,893,653 $ 2,507,400 $ 1,550,600
Ending Balance $ 536,900 $ —
Public Welfare - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 58
Cross-Departmental
Cross-Departmental - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 59
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Cross-Departmental - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 60
Cross-Departmental - General Fund (Excludes Transfers)
FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Cross-Departmental
Expenditures
Operations & Maintenance $ 2,292,267 $ 1,816,100 $ 1,841,000
Total Expenditures $ 2,292,267 $ 1,816,100 $ 1,841,000
Health-Medical Insurance Special Revenue Fund
Health-Medical Insurance FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 486,400 $ —
Revenues & Other Resources
Taxes $ 2,616,796 $ 2,701,300 $ 3,324,700
Interest Income 11,264 — —
Total Revenues $ 2,628,060 $ 2,701,300 $ 3,324,700
Expenditures
Transfers Out $ 3,392,870 $ 3,187,700 $ 3,324,700
Total Expenditures $ 3,392,870 $ 3,187,700 $ 3,324,700
Ending Balance $ — $ —
Health-Medical Internal Service Fund
Health-Medical Insurance ISF FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ — $ —
Revenues & Other Resources
Charges for Services $ 6,639,354 $ 7,036,000 $ 7,739,600
Interest Income (513) 400 400
Miscellaneous Revenue 10,852 45,000 49,600
Total Revenues $ 6,649,692 $ 7,081,400 $ 7,789,600
Expenditures
Operations & Maintenance $ 6,585,647 $ 7,081,400 $ 7,789,600
Total Expenditures $ 6,585,647 $ 7,081,400 $ 7,789,600
Ending Balance $ — $ —
Cross-Departmental - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 61
American Rescue Plan Act Special Revenue Fund
American Rescue Plan FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 454,700 $ —
Revenues & Other Resources
Intergovernmental $ 4,115,310 $ — $ —
Interest Income 70,175 — —
Total Revenues $ 4,185,485 $ — $ —
Expenditures
Transfers Out $ 4,115,310 $ 454,700 $ —
Total Expenditures $ 4,115,310 $ 454,700 $ —
Ending Balance $ — $ —
Senior Transportation Special Revenue Fund
Senior Transportation FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 30,900 $ 23,500
Revenues & Other Resources
Taxes $ 186,319 $ 2,100 $ 2,200
Interest Income 3,519 500 500
Transfers In — 190,000 190,000
Total Revenues $ 189,839 $ 192,600 $ 192,700
Expenditures
Operations & Maintenance $ — $ 200,000 $ 216,200
Total Expenditures $ — $ 200,000 $ 216,200
Ending Balance $ 23,500 $ —
Cross-Departmental - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 62
Cross-Department Special Revenue Funds
Department Special Revenue Funds FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 3,516,500 $ 3,448,000
Revenues & Other Resources
Intergovernmental $ 193,426 $ 160,000 $ —
Charges for Services 51,125 47,300 49,700
Fines & Forfeitures 53,578 63,100 63,100
Interest Income 84,477 9,400 9,400
Miscellaneous Revenue 53,852 — —
Total Revenues $ 436,458 $ 279,800 $ 122,200
Expenditures
Salaries & Benefits $ 53,208 $ 110,300 $ 116,600
Operations & Maintenance 255,083 235,400 88,200
Transfers Out — 2,600 2,700
Total Expenditures $ 308,291 $ 348,300 $ 207,500
Ending Balance $ 3,448,000 $ 3,362,700
Cross-Departmental - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 63
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Cross-Departmental - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 64
Debt Service Funds
Debt Service Funds - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 65
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Debt Service Funds - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 66
General Obligation (GO) Bond Debt Service Funds
GO Bonds FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ (330,000) $ (330,000)
Revenues & Other Resources
Taxes $ 4,039,312 $ 4,139,000 $ 4,447,600
Interest Income 17,436 — —
Interfund Loan Proceeds — — 14,800
Total Revenues $ 4,056,748 $ 4,139,000 $ 4,462,400
Expenditures
Debt Service/Loans $ 3,959,850 $ 4,139,000 $ 4,132,400
Total Expenditures $ 3,959,850 $ 4,139,000 $ 4,132,400
Ending Balance $ (330,000) $ —
Special Improvement District (SID) Revolving Debt Service Fund
SID Revolving Fund FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 623,100 $ 623,100
Revenues & Other Resources
Interest Income $ 1,554 $ — $ —
Miscellaneous Revenue 9,909 — —
Transfers In 992,114 — —
Total Revenues $ 1,003,576 $ — $ —
Expenditures $ — $ — $ —
Total Expenditures $ — $ — $ —
Ending Balance $ 623,100 $ 623,100
Debt Service Funds - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 67
Special Improvement Districts (SIDs) Debt Service Funds
Special Improvement Districts
(SIDs)FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ 1,810,700 $ 1,950,900
Revenues & Other Resources
Special Assessments $ 515,511 $ 549,900 $ 550,000
Interest Income 75,484 28,300 29,500
Total Revenues $ 590,995 $ 578,200 $ 579,500
Expenditures
Debt Service/Loans $ 320,276 $ 270,900 $ 270,900
Transfers Out 782,130 167,100 —
Total Expenditures $ 1,102,406 $ 438,000 $ 270,900
Ending Balance $ 1,950,900 $ 2,259,500
Urban Renewal District (URD) Bond Debt Service Funds
URD Bonds FY24 Actual
FY25 Revised
Budget
FY26 Adopted
Budget
Beginning Balance $ — $ —
Revenues & Other Resources
Transfers In $ 744,081 $ 745,900 $ 743,400
Total Revenues $ 744,081 $ 745,900 $ 743,400
Expenditures
Debt Service/Loans $ 744,081 $ 745,900 $ 743,400
Total Expenditures $ 744,081 $ 745,900 $ 743,400
Ending Balance $ — $ —
Debt Service Funds - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 68
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Debt Service Funds - Resources & Expenditures
FY26 Adopted Annual Operating Budget
Page 69
Reconciliation of 2025 Biennium Budget to FY26 Adopted Annual Operating Budget
Fund
FY26 Adopted
in 2025
Biennium
Budget
2026-2030
Capital
Improvement
Plan (CIP)
Other
Amendments
FY26 Adopted
Budget
Explanation of Non-CIP Changes (Detailed changes adopted as part of
the 2026-2030 CIP can be found in the CIP Section on page 77.)
General Fund
General Fund $ 59,283,500 $ 331,300 $ 2,213,300 $ 61,828,100
Twelve (12) firefighters funded by the SAFER grant ($1,491,600), water
adequacy ballot education ($50,000), Bozeman Creek Plan ($50,000),
other Commission priorities ($621,700).
Total General Fund $ 59,283,500 $ 331,300 $ 2,213,300 $ 61,828,100
Special Revenue Funds
Community Development/Planning $ 3,749,100 $ 25,000 $ — $ 3,774,100
Senior Transportation 216,200 — — 216,200
Urban Renewal Districts 7,914,600 — 9,678,200 17,592,800 Adjust appropriations to match work plans and budgets adopted by City
Commission on May 6, 2025.
Local Government Study Commission — — — —
Health-Medical Insurance 3,324,700 — — 3,324,700
Fire Department Equipment 945,700 — — 945,700
Community Housing Fund 518,000 — 1,032,600 1,550,600 Estimated uncommitted amount to carry forward, likely to be spent on
Fowler Affordable Housing Project.
Department Special Revenue-Local 207,500 — — 207,500
Drug Forfeiture 305,200 — — 305,200
Building Inspection Fund 5,220,000 25,000 — 5,245,000
Impact Fees 21,919,600 (5,367,300) — 16,552,300
Lighting Districts 532,400 — — 532,400
Street Maintenance District 14,232,000 22,100 — 14,254,100
Street Arterial Construction District 8,758,900 (2,374,100) — 6,384,800
Tree Maintenance District 1,175,600 75,900 — 1,251,500
Parks & Trails District 8,287,100 665,000 (800,000) 8,152,100 Estimated vacancy savings used to support adopted increases to capital
plan.
Downtown Improvement District 267,300 — 19,500 286,800 Adjust appropriations to match work plans and budgets adopted by City
Commission on May 6, 2025.
Gas Tax Fund — — — —
MPO 621,500 — — 621,500
American Rescue Plan — — — —
Park Land Trust 525,000 600,000 — 1,125,000
Total Special Revenue Funds $ 78,720,400 $ (6,328,400) $ 9,930,300 $ 82,322,300
FY26 Adopted Annual Operating Budget
Page 70
Fund
FY26 Adopted
in 2025
Biennium
Budget
2026-2030
Capital
Improvement
Plan (CIP)
Other
Amendments
FY26 Adopted
Budget
Explanation of Non-CIP Changes (Detailed changes adopted as part of
the 2026-2030 CIP can be found in the CIP Section on page 77.)
Debt Service Funds
GO Bonds $ 4,132,400 $ — $ — $ 4,132,400
URD Bonds 743,400 — — 743,400
SID Revolving Fund — — — —
Special Improvement Districts (SIDs) 270,900 — — 270,900
Total Debt Service Funds $ 5,146,700 $ — $ — $ 5,146,700
Construction Funds
Capital Projects $ — $ 200,000 $ — $ 200,000
Street Reconstruction 124,400 310,000 — 434,400
Technology Fund — — — —
Trails & Open Space Bond Projects — — — —
Fire Station #2 — — — —
Recreation Improvements — — — —
Shops Complex 13,780,000 (13,520,000) — 260,000
Total Construction Funds $ 13,904,400 $ (13,010,000) $ — $ 894,400
Enterprise Funds
Water Fund $ 26,543,500 $ (3,258,900) $ (455,700) $ 22,828,900
The reduction in budget appropriations is due to an acceleration of a
substantial groundwater modeling effort to identify locations for City
wells. Funding was reduced in FY26 and increased in FY25.
Wastewater Fund 22,515,600 (434,100) — 22,081,500
Solid Waste Fund 10,231,300 200,000 — 10,431,300
Stormwater Fund 3,375,500 340,000 — 3,715,500
Parking Fund 1,969,300 (400,000) — 1,569,300
Total Enterprise Funds $ 64,635,200 $ (3,553,000) $ (455,700) $ 60,626,500
Internal Service Funds
Vehicle Maintenance $ 2,966,800 $ — $ — $ 2,966,800
Health-Medical Insurance ISF 7,789,600 — — 7,789,600
Public Works Administration 8,761,700 — 50,000 8,811,700 This amount will cover 1/3 of the estimated $150,000 project to create a
concept plan for Bozeman Creek.
Total Internal Service Funds $ 19,518,100 $ — $ 50,000 $ 19,568,100
Permanent Funds
Cemetery Perpetual Care $ — $ — $ — $ —
Total Permanent Funds $ — $ — $ — $ —
Total All Funds $ 241,208,300 $ (22,560,100) $ 11,737,900 $ 230,386,100
FY26 Adopted Annual Operating Budget
Page 71
Capital Improvement Plan (CIP)
The CIP includes a list of anticipated capital expenditures as defined by any planned expenditure of
$25,000 or greater, that results in the acquisition of an asset with a useful life of 3 years or more. There
are a couple of “exceptions” or “extensions” of this definition that we have found helpful and necessary
in past years:
•Specific plans that involve pre-engineering or preliminary design of facilities are often (but not
always) included in the CIP.
•Software purchases that could potentially be “software as a service” (SaaS). Cloud based
services are beginning to replace purchases of outright software and hardware. In the CIP, we
have treated the software projects as a capital outlay purchase.
State law and City charter require the City to prepare the CIP. State Law requires the City to maintain a
Capital Improvement Plan for our Development Impact Fee programs. Under Montana Code Annotated
(MCA), this Capital Improvement Plan provides the schedules and cost projections required under MCA
§7-6-1602(2)(k)(i-iv). In Article 5.06 of the adopted City Charter, the City Manager is responsible for
preparing and submitting a multi-year capital program to the City Commission no later than December
15 for the ensuing fiscal year.
The five-year plan includes long-range plans for our current facilities while keeping in mind level of
service standards. In a community with relatively high cost of living, the ability of citizens to afford the
needed utility rate, fee, and assessment levels is of concern. At the same time, the City strives to keep
existing facilities properly maintained — and not pass deferred maintenance costs and problems on to
future generations.
Once adopted, the FY2025-2029 Capital Improvement Plan became the basis of the 2025 Biennium
Recommended Budget. Following the adoption of the 2025 Biennium Budget, the FY2026-2030 Capital
Improvement Plan was developed and adopted on December 10, 2024. A summary and explanation of
changes made to the FY26 capital plan is provided on page 77, following the table of FY26 Capital
Improvements Plan by project, beginning on the next page.
The City will continue to invest in capital infrastructure in order to keep Bozeman a vibrant and active
city. We are a resilient, enterprising, and creative community. The CIP is a plan to provide efficient and
effective services, and to achieve the Commission’s vision and priorities set out in the Strategic Plan for
the City of Bozeman.
The FY2026-2030 CIP can be found on the Budget and Financial Reporting webpage.
FY26 Adopted Annual Operating Budget
Page 72
FY26 Capital Plan
Fund/Department Project #Project Name
FY26 Adopted
Budget
General Fund/Facilities
FCA007 Site Accessibility Assessments $ 86,600
FCA009 Library Boiler Replacements 317,100
FCA010 Architectural Study 73,300
FCA012 Railings/Handrail Replacement 67,700
GF344 New Department Vehicle 75,000
GF379 Flooring Replacement 50,800
General Fund/IT
GF080 City-Wide Switches and Routers 60,000
GF233 IT Vehicle Replacement 37,500
GF265 Server Replacement 202,000
GF289 Server Farm Upgrade 35,000
General Fund/Police GF052 Non-Patrol Car Replacement 35,000
GF053 Patrol Vehicle - Replacement 324,500
General Fund/Cemetery GF116 Cemetery Vehicle Replacement 90,000
General Fund/Recreation GF364 Bulkhead at Swim Center 325,000
General Fund/
Neighborhood Services
GF382 Vehicle (Replacement) 60,000
GF387 New Portable Radios 44,000
General Fund/Sustainability GF362 Solar Panel Arrays 641,100
General Fund Total $ 2,524,600
Planning Fund CD08 Community Development Office Reconfiguration $ 25,000
Planning Fund Total $ 25,000
Street Maintenance Fund
STR20 Annual Multimodal Improvements $ 158,200
STR30 Annual Median & Boulevard 125,000
STR40 Dump Truck with Plow Sander 297,400
STR49 Sander Replacement 40,000
STR71 Street Improvement Mill and Overlay 1,136,100
STR75 Annual Pedestrian Ramp Repair 120,000
STR93 Snow Blower 220,000
STR117 Annual Sidewalk Improvements 50,000
STR123 Light Duty Fleet Addition 80,000
STR129 Light Duty Replacements 80,000
STR135 Diesel Fuel Tank & Kiosk 32,000
STR139 Mini Excavator 200,000
STR145 Smart Paving Technology Attachment 55,000
STR155 Flanders Mill Shared Use Path 182,300
STR157 Wing Plows for Existing Trucks 60,000
STR159 Road Weather Information System (RWIS) Stations 110,000
STR161 Automatic Vehicle Location (AVL) Update With Dash Cams 99,200
STR162 Routing Software 216,200
Street Maintenance Fund Total $ 3,261,400
Tree Maintenance Fund FOR18 Forestry Midsize Truck Replacement $ 45,000
FOR23 Urban Forest Management Plan: 2026 Update 85,000
Tree Maintenance Fund Total $ 130,000
FY26 Adopted Annual Operating Budget
Page 73
Fund/Department Project #Project Name
FY26 Adopted
Budget
Street Impact Fee Fund
SIF009 Kagy: 19th to Willson $ 2,690,000
SIF112 Highland/Main Intersection Improvement 850,000
SIF114 Fowler Avenue Connection: Huffine to Oak 9,551,800
SIF118 Babcock: 15th to 19th 2,151,100
SIF188 Oak Street Intersections 750,000
Street Impact Fee Fund Total $ 15,992,900
Building Inspection Fund BI07 Building Vehicle $ 54,100
CD08 Community Development Office Reconfiguration 25,000
Building Inspection Fund Total $ 79,100
Arterial & Collector Fund
A&C007 Shared Use Path: Valley Center Infill Sections $ 527,600
A&C016 Shared Use Path: S 19th Lincoln to Kagy 432,600
SIF114 Fowler Avenue Connection: Huffine to Oak 401,700
SIF118 Babcock: 15th to 19th 1,927,900
SIF157 College: 8th to 11th 2,465,800
SIF188 Oak Street Intersections 150,000
Arterial & Collector Fund Total $ 5,905,600
Fire Capital & Equipment
Fund
FE12 Personal Protective Equipment $ 56,700
FE18 Light Duty Vehicles 50,000
FE28 Vehicle Lift 45,000
Fire Capital & Equipment Fund Total $ 151,700
Parks & Trails District Fund
PTD02 Parks Restroom Upgrades $ 200,000
PTD03 Playground/Skate Park Improvements 200,000
PTD04 Park Vehicles (Replacements) 150,000
PTD05 Toolcat Multi Purpose 90,000
PTD06 Park Shelter Replacement 75,000
PTD09 Deferred Maintenance 200,000
PTD13 Sports Complex 90,000
PTD20 Loop Trail Feasibility Study 70,000
PTD22 Sound Mitigation 150,000
PTD23 Pickleball Courts 75,000
PTD26 Bikefill Community Park 80,000
Parks & Trails District Fund Total $ 1,380,000
FY26 Adopted Annual Operating Budget
Page 74
Fund/Department Project #Project Name
FY26 Adopted
Budget
Downtown TIFD Fund
Park Improvements (Soroptimist/NBPP)$ 250,000
Public Utility Infrastructure Improvements 1,000,000
Wayfinding & Parking Signage 20,000
Bozeman Creek Improvements 50,000
Alternative Transportation Projects 10,000
Tree Replacement Project (Streetscape Imp. in FY24) 10,000
Street Furniture/Streetscape Improvements & Furniture 100,000
Intersection Cable Anchor Repairs 10,000
Parklet Infrastructure 10,000
Streetscape Assistance Grant Program 100,000
Life-Safety Grant Program 60,000
Fiber-Broadband Infrastructure Grants 10,000
Art Enhancement/CPTED Grant Program 40,000
Downtown TIFD Fund Total $ 1,670,000
Street Reconstruction SCR01 Curb Spot Repair $ 124,400
SIF009 Kagy: 19th to Willson 310,000
Library Depreciation Fund LIB33 Irrigation Replacement 200,000
Construction Funds Total $ 634,400
Water Fund
W03 Annual Water Pipe Replacement Program $ 34,300
W04 Water Pipe Replacement Program 2,001,000
W72 Pressure Reducing Valve (PRV) Phase 1-Mechanical &
Structural Upgrades 500,000
W79 Hyalite Dam & Reservoir Optimization Improvements 500,000
W87 Lyman Tank & Transmission Main 1,500,000
W108 Ground Thawer Replacement 60,000
W110 Replace 3/4 Ton Truck with 1 Ton Truck 69,000
W111 Meter Service Truck Replacement 75,000
W115 Hyalite Intake Rehab 540,800
W134 Municipal Groundwater Water Right & Mitigation Plan
Permitting 200,000
W151 Water Treatment Plant (WTP) Capital Replacement 505,800
W164 Blower and Reverse Filtration Variable Frequency Drives (VFD)
Replacement 35,000
W167 Water Mains with Fowler Corridor 800,000
WIF33 Municipal Test Well & Mitigation System Exploration Program 1,166,700
WIF99 Water Development Oversizing 355,000
Water Fund Total $ 8,342,600
FY26 Adopted Annual Operating Budget
Page 75
Fund/Department Project #Project Name
FY26 Adopted
Budget
Wastewater Fund
WW07 Annual Wastewater Pipe Replacement Design $ 34,300
WW08 Wastewater Pipe Replacement 762,000
WW09 Annual 6-Inch Wastewater Pipe Replacement 811,200
WW69 Small Works Projects 162,200
WW92 Dewater Pumps Replacement 162,200
WW112 East Gallatin River Data Collection 66,200
WW113 Skid Steer Loader Replace 72,500
WW114 Dump Truck 236,000
WW115 3/4 Ton Pickup Replacement 95,000
WW121 Water Reclamation Facility (WRF) Motor Control Center (MCC)
Replacements 282,000
WW129 Water Reclamation Facility (WRF) Base Hydraulic Phase 1 1,607,600
WW131 Water Reclamation Facility (WRF) Base Hydraulic Phase 2 400,000
WW138 MSU Interceptor 836,800
WW141 Treatment Wetlands 50,000
WW147 Joint DEQ/City Water Reclamation Biologically Available
Phosphorus Study 50,000
WW148 Food Truck and RV Dump Site Joint Project with Gallatin
County 86,000
WWIF58 Fowler Sewer Upgrade 988,500
WWIF63 Gooch Hill Lift Station 1,500,000
WWIF99 Wastewater Development Oversizing 70,000
Wastewater Fund Total $ 8,272,500
Solid Waste Funds
SW65 Side Load Truck-Recycling $ 475,000
SW78 Cover System Improvements 351,500
SW80 Storage Building 150,000
Solid Waste Funds Total $ 976,500
Parking Fund P017 Rouse Lot Improvements $ 170,500
Parking Fund Total $ 170,500
Stormwater Fund
STDM04 Historic Pipe Replacement Program $ 535,400
STDM05 Annual Unplanned Pipe Rehabilitation 59,100
STOP08 Vacuum & Jetting Truck 650,000
STRM60 River Health - Mechanical Treatment - Peach 280,000
Stormwater Fund Total $ 1,524,500
Vehicle Maintenance Fund VM08 Mobile Column Wheel Lifts $ 52,000
Vehicle Maintenance Fund Total $ 52,000
Park Land Trust Fund PK1820 Rose Park Phase 2 $ 100,000
PTD27 Cattail Corridor Parks and Anchor Route 500,000
Park Land Trust Fund Total $ 600,000
Total Capital Projects for All Funds $ 51,693,300
FY26 Adopted Annual Operating Budget
Page 76
Changes to CIP from Adopted 2025 Biennium Budget to FY26 Adopted
Budget
Fund/Department
Increase
(Decrease)Explanation
General Fund $ 331,300
Increase primarily due to acceleration of the Bulkhead project at the
Swim Center. Other changes include reductions to facilities
improvements at the shops complex in anticipation of a larger shops
complex project. Reductions are offset by the addition of one vehicle
and radios for Neighborhood Services and other inflationary increases
to budgeted capital items.
Planning Fund 25,000 Community Development Office Reconfiguration project funded
jointly between Planning and Building Inspection.
Street Maintenance Fund 22,100
Increases to FY26 Street Maintenance capital included the addition of
wing plows, routing software, AVL updates, and the movement of a
mini excavator from FY27 to FY26. Changes to capital also included
removing budgeted lease payments from the capital budget category.
These changes resulted in a slight overall increase to Street
Maintenance capital.
Tree Maintenance Fund 75,900 The increase supports the 2026 update of the Urban Forest
Management Plan.
Street Impact Fee Fund (5,367,300)
The overall reduction is due primarily to updating the budget for Kagy:
19th to Willson project to be limited to City's portion given that MDT
will administer the project. The reduction is offset by the acceleration
of the Fowler Avenue Connection project and an increase to the Oak
St Intersections Project.
Building Inspection Fund 25,000 Community Development Office Reconfiguration project funded
jointly between Planning and Building Inspection.
Arterial & Collector Fund (2,374,100)
The primary driver of the reduction is due to shifting the funding split
between Arterial & Collector and Street Impact Fee Fund based on
updated analysis of Street Impact Fee eligible projects.
Parks & Trails District
Fund 665,000
Various projects added due to community feedback and potential
public/private partnerships. This increase includes Commission's
addition of the Loop Trail Feasibility Study with the adoption of the
FY26-30 CIP.
Downtown TIFD Fund 720,000
As outlined in the Work Plan adopted by Commission on May 6, 2025,
the primary increase is an additional $600k for Public Utility
Infrastructure Improvements.
Construction Funds/Street
Reconstruction 310,000
Cash-in-Lieu of Infrastructure collected from adjacent development
has been deposited in the Street Reconstruction Fund for use on the
Kagy project. This establishes budget to expend the cash-in-lieu
collected.
Construction Funds/
Library Depreciation 200,000 Increase for maintenance and repair costs as Library irrigation piping
continues to degrade.
Construction Funds/Shops
Complex (13,520,000)
The reduction is attributable to the postponement of the Shops
Complex project to allow for a more clearly defined project scope and
cost.
FY26 Adopted Annual Operating Budget
Page 77
Fund/Department
Increase
(Decrease)Explanation
Water Funds $ (3,714,600)
The reduction is primarily due to postponing the Hyalite Dam &
Reservoir Optimization Improvements to FY28 for grant funding
pursuit and delaying the Western Transmission Main / New South
Pressure Zone project to await the completion of scope-informing
projects. The reduction includes the acceleration of the Municipal
groundwater project from FY26 to FY25. The reductions are offset by
the addition of a condition assessment for the Lyman Tank &
Transmission Main.
Wastewater Funds (434,100)
The overall reduction is primarily due to the discontinuation of
concurrently planned projects and limited contractor availability.
Adjustments include the reallocation of budget from the Cottonwood
Road Oversizing project to Gooch Hill List Station project.
Solid Waste Funds 200,000
This increase is intended for the construction of a storage building to
accommodate additional storage needs resulting from the new
organics program, plus inflationary increases anticipated for vehicle
purchases.
Parking Fund (400,000)
This $400k was originally identified by Commission with the adoption
of the 2025 Biennium Budget as a reduction to the Rouse Lot
Improvements project and set aside for other priority parking
projects. The department has opted to return the appropriation to
fund balance for future priority projects.
Stormwater Fund 340,000
Due to EPA emissions requirements, the budget for the Vacuum &
Jetting Truck has been increased. The River Health - Mechanical
Treatment - Peach project was also added to FY26. This project was
originally part of the Downtown Mechanical Storm Phase 3 project,
which was identified in prior CIPs. Following the bid process, the
project was split into phases due to high costs and logistical timing
issues.
Park Land Trust Fund 600,000 Two new projects were included in the adopted FY26-30 CIP; Rose
Park Phase 2 and Cattail Corridor Parks and Anchor Route project.
Total $ (22,295,800)
FY26 Adopted Annual Operating Budget
Page 78
Outstanding Debt
FY26 Adopted Annual Operating Budget
Page 79
Outstanding Debt - Budget Year Activity4
General Issuance Information Budget Year Activity
Fund Name of Issue Type of Debt Issued Maturity Years Borrowed Outstanding
Principal Balance
6/30/2025
Principal Amount Due
FY26
Interest Amount Due
FY26
Principal Balance
6/30/2026
General Fund
Sports Park/Bronken Intercap Loan #2810-01 Intercap Loans Payable 5/24/2019 8/15/2029 10 $ 314,559 $ 154,545 $ 154,545 $ 32,380 $ 12,500 $ 122,165
Fire Station 2 Lease Lease 10/1/2024 10/1/2071 48 1,051,800 1,045,291 1,045,291 6,802 47,038 1,038,489
Limited Tax GO Bonds, Series 2024B GO Bonds 5/16/2024 7/1/2043 19 3,930,000 3,835,000 3,835,000 120,000 164,950 3,715,000
$ 5,296,359 $ 5,034,836 $ 5,034,836 $ 159,182 $ 224,488 $ 4,875,654
Street Maintenance Fund
Replace/Upgrade Street Lights Loan #2593-01 & 2593-02 Intercap Loans Payable 9/11/2015 8/15/2030 15 $ 199,231 $ 81,690 $ 81,690 $ 14,440 $ 6,300 $ 67,250
(2) 2022 CAT 150-15AWD Motor Graders #4478 & 4479 Capital Leases 2/21/2023 2/21/2028 5 584,900 477,200 477,200 58,159 33,724 419,042
2022 Elgin Broom Bear Sweeper #4481 Capital Leases 2/3/2023 4/1/2027 4 277,720 115,194 115,194 55,754 7,616 59,440
2023 Elgin Broom Bear Sweeper #4559 Capital Leases 10/26/2023 11/15/2027 4 295,706 177,950 177,950 55,329 12,532 122,621
(2) 2023 CAT 140-15AWD Motor Graders #4574 & 4575 Capital Leases 1/23/2024 2/6/2029 6 616,206 464,650 464,650 72,733 7,046 391,917
$ 1,973,763 $ 1,316,684 $ 1,316,684 $ 256,414 $ 67,218 $ 1,060,269
Parks & Trails District Fund
Sports Park Loan Notes Payable 6/15/2018 6/30/2039 20 $ 1,700,000 $ 1,361,316 $ 1,361,316 $ 75,579 $ 50,216 $ 1,285,738
$ 1,700,000 $ 1,361,316 $ 1,361,316 $ 75,579 $ 50,216 $ 1,285,738
GO Bonds
GO TOP Bonds, Series 2013 GO Bonds 12/23/2013 7/1/2034 20 $ 9,900,000 $ 5,305,000 $ 5,305,000 $ 505,000 $ 208,375 $ 4,800,000
GO TOP Bonds, Series 2014 GO Bonds 12/9/2014 7/1/2035 20 5,100,000 2,990,000 2,990,000 250,000 119,600 2,740,000
GO BPSC Bonds, Series 2019 GO Bonds 9/18/2019 7/1/2039 20 34,405,000 26,705,000 26,705,000 1,480,000 889,050 25,225,000
GO FS2 Bonds, Series 2022 GO Bonds 6/30/2022 7/1/2042 20 6,730,000 6,075,000 6,075,000 240,000 266,100 5,835,000
GO Rec Improvement Bonds, Series 2024A GO Bonds 5/16/2024 7/1/2044 20 2,280,000 2,220,000 2,220,000 75,000 97,888 2,145,000
$ 58,415,000 $ 43,295,000 $ 43,295,000 $ 2,550,000 $ 1,581,013 $ 40,745,000
URD Bonds
Downtown Revenue Refunding Bonds, Series 2020 TIF Revenue Bonds 3/5/2020 7/1/2032 12 $ 3,689,000 $ 2,112,000 $ 2,112,000 $ 279,000 $ 51,533 $ 1,833,000
Northeast URD Revenue Bonds, Series 2017 TIF Revenue Bonds 7/9/2017 7/1/2042 25 1,446,000 1,096,965 1,096,965 47,215 44,785 1,049,749
Midtown Revenue Bonds, Series 2020 TIF Revenue Bonds 7/9/2020 7/1/2044 24 6,500,000 5,575,000 5,575,000 205,000 207,750 5,370,000
$ 11,635,000 $ 8,783,965 $ 8,783,965 $ 531,215 $ 304,068 $ 8,252,749
Special Improvement Districts (SIDs)
SID 747_Manley Road Bonds, Series 2020 SID Bond Debt 8/14/2020 7/1/2040 20 $ 4,001,000 $ 2,996,026 $ 2,996,026 $ 177,031 $ 93,730 $ 2,818,995
$ 4,001,000 $ 2,996,026 $ 2,996,026 $ 177,031 $ 93,730 $ 2,818,995
FY26 Adopted Annual Operating Budget
Page 80
4 FY26 Adopted Annual Operating Budget includes debt service that was projected when the 2025 biennial budget was developed. This schedule is
limited to existing debt as of the development of this document.
General Issuance Information Budget Year Activity
Fund Name of Issue Type of Debt Issued Maturity Years Borrowed Outstanding
Principal
Balance
6/30/2025
Principal
Amount Due
FY26
Interest
Amount Due
FY26
Principal
Balance
6/30/2026
Water Fund
State Revolving Fund Revenue Bond_12247_Series 2011A Revenue Bond 9/30/2011 1/1/2032 20 $ 9,491,000 $ 3,941,000 $ 3,941,000 $ 558,000 $ 114,075 $ 3,383,000
State Revolving Fund Revenue Bond_13291_Series 2011B Revenue Bond 6/12/2013 1/1/2033 20 $ 9,552,000 $ 4,270,000 $ 4,270,000 $ 516,000 $ 124,260 $ 3,754,000
State Revolving Fund Revenue Bond_17386_Series 2017 Revenue Bond 5/17/2017 7/1/2037 20 7,573,000 4,987,000 4,987,000 361,000 122,438 4,626,000
$ 26,616,000 $ 13,198,000 $ 13,198,000 $ 1,435,000 $ 360,773 $ 11,763,000
Wastewater Fund
State Revolving Revenue Bond_10252_Series 2010B Revenue Bond 2/10/2010 1/1/2030 20 $ 359,300 $ 91,000 $ 91,000 $ 20,000 $ 1,505 $ 71,000
State Revolving Revenue Bond_10230_Series 2010D Revenue Bond 2/25/2010 1/1/2030 20 9,500,000 2,683,000 2,683,000 566,000 76,275 2,117,000
State Revolving Revenue Bond_10262_Series 2010F Revenue Bond 6/10/2010 7/1/2030 20 729,000 254,000 254,000 48,000 7,260 206,000
State Revolving Revenue Bond_11291_Series 2010C Revenue Bond 8/21/2013 1/1/2031 17.5 885,081 329,000 329,000 56,000 9,450 273,000
State Revolving Revenue Bond_11292_Series 2010G Revenue Bond 4/27/2011 1/1/2031 20 3,903,000 1,029,000 1,029,000 172,000 29,595 857,000
State Revolving Revenue Bond_11281_Series 2010H Revenue Bond 8/21/2013 1/1/2031 17.5 8,692,000 3,232,000 3,232,000 550,000 92,865 2,682,000
State Revolving Revenue Bond_21490_Series 2020D Revenue Bond 8/12/2020 7/1/2040 20 2,807,000 2,230,000 2,230,000 124,000 54,975 2,106,000
State Revolving Revenue Bond_21487_Series 2020B Revenue Bond 7/22/2020 7/1/2040 20 7,786,000 6,186,000 6,186,000 344,000 152,513 5,842,000
State Revolving Revenue Bond_21506_Series 2020C Revenue Bond 4/21/2021 1/1/2041 20 6,693,321 5,443,000 5,443,000 291,000 134,263 5,152,000
State Revolving Revenue Bond_21486_Series 2020A Revenue Bond 7/22/2020 7/1/2040 N/A 300,000 300,000 300,000 — — 300,000
$ 41,654,702 $ 21,777,000 $ 21,777,000 $ 2,171,000 $ 558,700 $ 19,606,000
Stormwater Fund
State Revolving Fund Revenue Bond_15373_Series 2015 Revenue Bond 6/29/2015 7/1/2035 20 $ 1,815,000 $ 1,020,000 $ 1,020,000 $ 90,000 $ 24,938 $ 930,000
$ 1,815,000 $ 1,020,000 $ 1,020,000 $ 90,000 $ 24,938 $ 930,000
Public Works Administration Fund
East Beall Office Lease Lease 4/1/2022 3/1/2027 5 $ 423,122 $ 170,793 $ 170,793 $ 94,477 $ 6,413 $ 76,316
$ 423,122 $ 170,793 $ 170,793 $ 94,477 $ 6,413 $ 76,316
Total $ 153,529,946 $ 98,953,620 $ 98,953,620 $ 7,539,898 $ 3,271,555 $ 91,413,722
FY26 Adopted Annual Operating Budget
Page 81
Outstanding Debt - Schedules to Maturity
Fiscal GO Bonds Revenue Bonds Intercap Loans Payable Notes Payable TIF Revenue Bonds SID Bond Debt Leases & Capital Leases Total
Year Principal Interest Principal Interest Principal Interest5 Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest
2026 2,670,000 1,745,963 3,696,000 944,410 46,820 12,909 75,579 50,216 531,215 304,068 177,031 93,730 343,253 114,369 7,539,898 3,265,664
2027 2,780,000 1,637,338 3,805,000 1,209,090 48,101 10,198 78,432 47,363 545,171 287,104 182,696 88,064 338,146 96,401 7,777,547 3,375,559
2028 2,890,000 1,522,838 3,914,000 1,110,613 49,423 7,422 81,332 44,463 564,152 269,745 188,543 82,218 502,592 82,451 8,190,042 3,119,748
2029 3,015,000 1,402,438 4,025,000 1,008,048 50,784 4,567 84,522 41,273 586,381 251,566 194,577 76,184 250,896 49,824 8,207,160 2,833,899
2030 3,135,000 1,276,788 3,809,000 504,286 33,450 1,615 87,653 38,142 598,537 232,817 200,803 69,957 8,112 45,729 7,872,556 2,169,333
2031 3,275,000 1,146,088 3,068,000 401,405 7,657 218 90,962 34,833 619,838 209,734 207,230 63,531 8,477 45,364 7,277,163 1,901,172
2032 3,415,000 1,009,488 2,355,000 322,460 — — 94,354 31,441 641,190 199,862 213,861 56,896 8,858 44,982 6,728,264 1,665,129
2033 3,550,000 866,988 1,756,000 263,470 — — 97,998 27,797 327,768 172,982 220,705 50,055 9,257 44,583 5,961,729 1,425,874
2034 3,515,000 718,838 1,480,000 222,475 — — 101,657 24,138 340,326 159,824 227,768 42,992 9,673 44,167 5,674,425 1,212,433
2035 2,950,000 569,938 1,515,000 185,263 — — 105,495 20,300 358,032 146,118 235,057 35,703 10,109 43,732 5,173,693 1,001,053
2036 3,220,000 480,313 1,437,000 147,875 — — 109,456 16,339 370,822 131,728 242,580 28,181 10,563 43,277 5,390,421 847,712
2037 2,935,000 399,931 1,473,000 111,725 — — 113,628 12,167 383,810 116,740 250,343 20,418 11,039 42,801 5,166,820 703,782
2038 3,015,000 319,175 1,024,000 77,688 — — 117,899 7,896 401,841 101,309 258,354 12,406 11,535 42,305 4,828,629 560,779
2039 3,100,000 235,950 1,049,000 51,938 — — 122,349 3,446 415,024 85,126 196,477 4,139 12,055 41,786 4,894,904 422,384
2040 590,000 146,600 1,079,000 25,550 — — — — 433,327 68,423 — — 12,597 41,243 2,114,924 281,816
2041 1,335,000 109,000 210,000 2,625 — — — — 451,798 50,952 — — 13,164 40,676 2,009,962 203,253
2042 640,000 69,600 — — — — — — 429,731 36,415 — — 13,756 40,084 1,083,487 146,099
2043 935,000 28,800 — — — — — — 385,000 23,550 — — 14,375 39,465 1,334,375 91,815
2044 165,000 6,600 — — — — — — 400,000 12,000 — — 15,022 38,818 580,022 57,418
2045 — — — — — — — — — — — — 15,698 38,142 15,698 38,142
2046 — — — — — — — — — — — — 16,405 37,436 16,405 37,436
2047 — — — — — — — — — — — — 17,143 36,697 17,143 36,697
2048 — — — — — — — — — — — — 17,914 35,926 17,914 35,926
2049 — — — — — — — — — — — — 18,720 35,120 18,720 35,120
2050 — — — — — — — — — — — — 19,563 34,277 19,563 34,277
2051 — — — — — — — — — — — — 20,443 33,397 20,443 33,397
2052 — — — — — — — — — — — — 21,363 32,477 21,363 32,477
2053 — — — — — — — — — — — — 22,324 31,516 22,324 31,516
2054 — — — — — — — — — — — — 23,329 30,511 23,329 30,511
2055 — — — — — — — — — — — — 24,379 29,461 24,379 29,461
2056 — — — — — — — — — — — — 25,476 28,364 25,476 28,364
2057 — — — — — — — — — — — — 26,622 27,218 26,622 27,218
2058 — — — — — — — — — — — — 27,820 26,020 27,820 26,020
2059 — — — — — — — — — — — — 29,072 24,768 29,072 24,768
FY26 Adopted Annual Operating Budget
Page 82
5 Intercap Loans interest rates are variable. This schedule assumes the most recent interest rate of 5.75% each year.
Fiscal GO Bonds Revenue Bonds Intercap Loans Payable Notes Payable TIF Revenue Bonds SID Bond Debt Leases & Capital Leases Total
Year Principal Interest Principal Interest Principal Interest5 Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest
2060 $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — $ 30,380 $ 23,460 $ 30,380 $ 23,460
2061 — — — — — — — — — — — — 31,748 22,093 31,748 22,093
2062 — — — — — — — — — — — — 33,176 20,664 33,176 20,664
2063 — — — — — — — — — — — — 34,669 19,171 34,669 19,171
2064 — — — — — — — — — — — — 36,229 17,611 36,229 17,611
2065 — — — — — — — — — — — — 37,860 15,981 37,860 15,981
2066 — — — — — — — — — — — — 39,563 14,277 39,563 14,277
2067 — — — — — — — — — — — — 41,344 12,497 41,344 12,497
2068 — — — — — — — — — — — — 43,204 10,636 43,204 10,636
2069 — — — — — — — — — — — — 45,148 8,692 45,148 8,692
2070 — — — — — — — — — — — — 47,180 6,660 47,180 6,660
2071 — — — — — — — — — — — — 49,303 4,537 49,303 4,537
2072 — — — — — — — — — — — — 51,522 2,318 51,522 2,318
Total $ 47,130,000 $ 13,692,669 $ 35,695,000 $ 6,588,919 $ 236,235 $ 36,929 $ 1,361,316 $ 399,813 $ 8,783,965 $ 2,860,062 $ 2,996,026 $ 724,474 $ 2,451,078 $ 1,641,981 $ 98,653,620 $ 25,944,846
FY26 Adopted Annual Operating Budget
Page 83
Appendix A: Taxable Value/Mill Levy Documents
Property Tax Estimates for Residential Property
The Montana Department of Revenue determines the assessed (taxable) value of individual properties
annually, as outlined in MCA 15-8-111. For Fiscal Year 2026, the City of Bozeman’s property tax rate is
estimated to decrease by 1.1%, as measured per $100,000 of taxable value. However, even though the
City’s rate is declining, the taxable value of an individual property may increase.
The chart below reflects estimates based on Fiscal Year 2025 taxable values, which were finalized in
October 2024. These estimates will be updated in August 2025 when the Department of Revenue
releases updated assessed values for Fiscal Year 2026.
Estimated Annual Property Tax per Household
FY25
Actual
FY26 Budget
Estimated
FY26 Change
($)
FY26 Change
(%)
Number of Mills 158.23 156.56
Home Value
$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 %
FY26 Adopted Annual Operating Budget
Page 84