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Home My WebLink About2027 Recommended Budget Commission Presentations-260623-FINALCITY MANAGER’S RECOMMENDED 2027 BIENNIUM BUDGET JUNE 23, 2026 2027 Biennium Recommended Budget URD Districts and BID Budget Presentations May 12, 2026 Budget Document Distribution May 28, 2026 Work Session: Introduction, Internal Service Funds , & Enterprise Funds June 2, 2026 Work Session: General Fund & Special Revenue Funds June 9, 2026 Commission Budget Deliberation & Adoption June 23, 2026 Establish and Affix Mill Levies based on Certified Taxable Va lu e s August 18, 2026 COMMISSION AGENDA TIMELINE 2027 Biennium Recommended Budget Budget Unit Resources Requirements Ending Balance General Fund 130,626,800$ 117,946,900$ 12,679,900$ Special Revenue Funds 177,701,000 157,239,000 20,462,000 Debt Service Funds 13,337,400 10,302,500 3,034,900 Construction Funds 34,979,400 32,904,800 2,074,600 Enterprise Funds 159,857,200 128,647,700 31,209,500 Internal Service Funds 38,474,300 37,688,500 785,800 Permanent Funds 2,122,700 - 2,122,700 Grand Total 557,098,800$ 484,729,400$ 72,369,400$ FINANCIAL SUMMARY – 2027 BIENNIUM BUDGET 2027 Biennium Recommended Budget Budget Unit Resources Requirements Ending Balance General Fund $ 137,816,600 $ 128,428,100 $ 9,388,500 Special Revenue Funds 218,390,200 189,633,300 28,756,900 Debt Service Funds 12,291,000 10,703,500 1,587,500 Construction Funds 23,630,500 20,989,400 2,641,100 Enterprise Funds 206,218,500 174,211,600 32,006,900 Internal Service Funds 88,354,300 85,206,300 3,148,000 Permanent Funds 2,549,900 -2,549,900 Grand Total $ 689,251,000 $ 609,172,200 $ 80,078,800 SHOPS COMPLEX - BACKGROUND 2010 – Shops Facility Master Plan proposed 2011 – Vehicle Maintenance & HRDC facility constructed 2017 – Aspen & Rouse property purchased 2020 – Shops Facility Master Plan v.1 o Failed due to lack of funding & property acquisition issues 2023 – Shops Facility Master Plan v.2 o Failed due to lack of funding & location operational issues 2026 – Shops Facility Concept Design o Refocused on projected needs for FY29 o Optimized for existing city-owned lands & building re-use o Designed for future expansion as the community grows 2027 Biennium Recommended Budget SHOPS COMPLEX – PROJECT INFORMATION •Total Cost = $84,147,600 o includes design already budgeted in FY27 •Additional Cost in 2027 Biennium = $76,147,600 •Funded by debt proceeds •Debt service payments to be split between: o Water o Wastewater o Stormwater o Street Maintenance District o Parks & Trails District o Forestry District 2027 Biennium Recommended Budget ESTIMATED HOMEOWNER IMPACT Monthly estimates: •FY27 = $12.90 •FY28 = $19.23 2027 Biennium Recommended Budget Fiscal Year (FY) 26 Fiscal Year (FY) 27 Budget Fiscal Year (FY) 28 Budget FY27 Increase $ FY28 Increase $ FY27 Change % FY28 Change % Property Taxes $ 1,108.62 $ 1,108.63 $ 1,184.86 $ 0.01 $ 76.23 0.0 %6.9 % Street Assessment 301.64 325.76 345.31 24.12 19.55 8.0 %6.0 % Arterial Street Assessment 63.75 65.66 67.63 1.91 1.97 3.0 %3.0 % Forestry (Tree) Assessment 32.40 37.26 40.24 4.86 2.98 15.0 %8.0 % Parks & Trails Assessment 221.39 254.60 292.79 33.21 38.19 15.0 %15.0 % Water Service 588.62 641.60 699.35 52.98 57.74 9.0 %9.0 % Sewer Service 666.81 686.82 707.42 20.01 20.60 3.0 %3.0 % Stormwater Service 57.67 66.32 70.30 8.65 3.98 15.0 %6.0 % Garbage Service 227.51 236.61 246.07 9.10 9.46 4.0 %4.0 % Annual Total $ 3,268.41 $ 3,423.26 $ 3,653.97 $ 154.85 $ 230.70 4.7 %6.7 % Monthly Total $ 272.37 $ 285.27 $ 304.50 $ 12.90 $ 19.23 Estimated Annual Service Cost for a Household Based on Assessed Value of $652,100 (FY26) + 3% in FY27 + 3% in FY28 7,500 SQFT lot with water use of 7.5-HCF ESTIMATED HOMEOWNER IMPACT – SHOPS COMPLEX (HIGH) 2027 Biennium Recommended Budget Fiscal Year (FY) 26 Fiscal Year (FY) 27 Budget Fiscal Year (FY) 28 Budget FY27 Increase $ FY28 Increase $ FY27 Change % FY28 Change % Property Taxes $ 1,108.62 $ 1,108.63 $ 1,184.86 $ 0.01 $ 76.23 0.0 %6.9 % Street Assessment 301.64 346.89 388.51 45.25 41.63 15.0 %12.0 % Arterial Street Assessment 63.75 65.66 67.63 1.91 1.97 3.0 %3.0 % Forestry (Tree) Assessment 32.40 39.85 45.83 7.45 5.98 23.0 %15.0 % Parks & Trails Assessment 221.39 272.31 326.77 50.92 54.46 23.0 %20.0 % Water Service 588.62 688.69 785.10 100.07 96.42 17.0 %14.0 % Sewer Service 666.81 726.82 770.43 60.01 43.61 9.0 %6.0 % Stormwater Service 57.67 68.05 78.26 10.38 10.21 18.0 %15.0 % Garbage Service 227.51 236.61 246.07 9.10 9.46 4.0 %4.0 % Annual Total $ 3,268.41 $ 3,553.51 $ 3,893.47 $ 285.10 $ 339.96 8.7 %9.6 % Monthly Total $ 272.37 $ 296.13 $ 324.46 $ 23.76 $ 28.33 Estimated Annual Service Cost for a Household Based on Assessed Value of $652,100 (FY26) + 3% in FY27 + 3% in FY28 7,500 SQFT lot with water use of 7.5-HCF ESTIMATED HOMEOWNER IMPACT – SHOPS COMPLEX HIGH •Maximum monthly impact to typical residential homeowner o FY27 - $23.76 o FY28 - $28.33 •Maximum monthly impact attributable to shops complex o FY27 - $10.86 o FY28 - $9.10 2027 Biennium Recommended Budget URD Districts and BID Budget Presentations May 12, 2026 Budget Document Distribution May 28, 2026 Work Session: Introduction, Internal Service Funds , & Enterprise Funds June 2, 2026 Work Session: General Fund & Special Revenue Funds June 9, 2026 Commission Budget Deliberation & Adoption June 23, 2026 Adopt Rates and Mill Levies based on Certified Va lu e s August 18, 2026 COMMISSION AGENDA TIMELINE 2027 Biennium Recommended Budget MOTION AND AMENDMENT LANGUAGE Adoption Motion Language Amendment Information Needed I move to approve the 2027 Biennium Budget and FY27 Annual Operating Budget as presented. •Fund •Project or initiative •Amount •Funding source (ending reserves or reductions to other line items) 2027 Biennium Recommended Budget BACKUP SLIDES 2027 Biennium Recommended Budget 2027 Biennium Recommended Budget ACCESSIBILITY – CIP PROJECTS Transportation 2027 2028 2029 2030 2031 5 year CIP Annual Multimodal Improvements 150,000$ 150,000$ 150,000$ 150,000$ 150,000$ 750,000$ Annual Pedestrian Ramp Repair 150,000 150,000 150,000 150,000 150,000 750,000 Annual Sidewalk Improvements 100,000 100,000 100,000 100,000 100,000 500,000 Shared use Path: Frontage 500,000 - 200,000 - - 700,000 Shared Use Paths: City-wide Imp.- 500,000 500,000 500,000 500,000 2,000,000 ADA Upgrades & Ped Safety (Transp. Alt.)- 789,700 - - - 789,700 Flanders Mill Sidewalk - 751,900 - - - 751,900 Winter path and crosswalk maintenance 100,000 100,000 100,000 100,000 100,000 Subtotal - Transportation 1,000,000$ 2,541,600$ 1,200,000$ 1,000,000$ 1,000,000$ 6,241,600$ Parks & Trails District Playground/Skate Park Improvements 525,000$ 100,000$ 300,000$ 400,000$ 400,000$ 1,725,000$ Bikefill Community Park 1,250,000 - - - - 1,250,000 Cattail Corridor Parks and Anchor Route - 300,000 300,000 - - 600,000 Park Shelter Replacements 75,000 75,000 200,000 - - 350,000 Active Transportation Infrastructure 100,000 100,000 50,000 50,000 50,000 350,000 Parks Restroom Upgrades 60,000 140,000 - - - 200,000 Subtotal - Parks & Trails 2,010,000$ 715,000$ 850,000$ 450,000$ 450,000$ 4,475,000$ Facilities 2027 2028 2029 2030 2031 5 year CIP Beall Center Accessible Ramp Replacement - 82,300 - - - 82,300 Subtotal - Facilities -$ 82,300$ -$ -$ -$ 82,300$ Grand Total ADA Projects in CIP 3,010,000 3,338,900 2,050,000 1,450,000 1,450,000 10,798,900 POTENTIAL MOTION LANGUAGE •I move to amend the budget to increase appropriations in Construction Funds by $76,147,600 to fund the construction of a City shops complex, to be funded by debt proceeds. 2027 Biennium Recommended Budget MOTION AND AMENDMENT LANGUAGE Adoption Motion Language Amendment Information Needed I move to approve the 2027 Biennium Budget and FY27 Annual Operating Budget as presented. •Fund •Project or initiative •Amount •Funding source (ending reserves or reductions to other line items) 2027 Biennium Recommended Budget