Page 93 - FY 2021-22 ADOPTED BUDGET

CONTRACTUAL SERVICES

The projected cost of contractual services in 2025-26 in the amount of $2,121,206 increases by $312,748 from the

2024-25 re-estimate of $1,808,458. This category includes funds for utilities, professional services, dues and
memberships, training, and printing services. Funds are included in the 2025-26 Budget for the general election
and for a run-off election.

MAINTENANCE AND REPAIR

Maintenance and repair costs decrease by $1,248,815 from the 2024-25 re-estimate of $4,852,905 to the 2025-26
Budget allocation of $3,604,090. This decrease is due to less funds being allocated to the street overlay program.
Funds for vehicle, equipment, radio, and software maintenance costs are budgeted near the 2024-25 re-estimate
level for 2024-26.

CAPITAL OUTLAY

There are no capital outlay purchases budgeted in the General Fund in 2025-26. Funds for the purchase of four
replacement Police Department vehicles will be made from the Capital Asset Replacement Fund. A capital outlay

is defined as an item or piece of equipment that costs a minimum of $5,000, has a useful life of more than one year,
and/or is recorded as a fixed asset on the City's official inventory.

DEBT SERVICE

Debt service requirements decreased by $265,525 from $1,533,863 in 2024-25 to $1,268,338 in 2025-26. Principal
payments decreased by $240,000 in 2025-26 to $745,000 from $985,000 in 2024-25; interest expenses decreased
by $25,525 from $544,763 in 2024-25 to $519,238 in 2025-26. Agent fees remain at $4,100.

TRANSFERS AND USE OF UNAPPROPRIATED RESERVES

The 2024-25 Budget includes the transfer of $550,000 from the General Fund to the Capital Asset Replacement
Fund; these funds are designated for the purchase of major pieces of equipment in future years. Also, in both 2023-
24 and 2024-25 a $50,000 transfer to the IT/Facilities Fund is budgeted.

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