Page 40 - CityofKennedaleFY26AdoptedBudget

CITY OF KENNEDALE
Long Range Financial Plan - General Fund
Fiscal Year 2026-2031
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
Projected Adopted Projected Projected Projected Projected Projected Projected
Description 2024-25 2025-26 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31
REVENUES
Property Taxes $ 6,327,254 $ 5,998,567 $ 5,998,567 $ 6,298,495 $ 6,613,420 $ 6,944,091 $ 7,291,296 $ 7,655,860

Sales Taxes 2,818,445 3,647,834 3,647,834 3,830,226 4,021,737 4,222,824 4,433,965 4,655,663
Licenses and Permits 425,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Fines and Fees 1,027,915 1,033,500 1,033,500 1,033,500 1,033,500 1,033,500 1,033,500 1,033,500
Charges for Services 321,662 325,000 325,000 325,000 325,000 325,000 325,000 325,000
Intergovernmental 228,785 230,000 230,000 230,000 230,000 230,000 230,000 230,000
All Other Revenues 475,907 425,000 425,000 425,000 425,000 425,000 425,000 425,000
Transfers In 1,517,154 1,628,453 1,628,453 1,628,453 1,628,453 1,628,453 1,628,453 1,628,453
Total Revenues 13,142,122 13,738,354 13,738,354 14,220,674 14,727,110 15,258,868 15,817,214 16,403,477
EXPENDITURES
City Administration - Dept 01 760,384 868,804 868,804 886,180 903,904 921,982 940,421 959,230
Mayor/Council - Dept 02 210,575 210,550 210,550 214,761 219,056 223,437 227,906 232,464
Municipal Court - Dept 04 318,374 332,256 332,256 338,901 345,679 352,593 359,645 366,837
Finance - Dept 07 587,050 663,129 663,129 676,392 689,919 703,718 717,792 732,148
Police - Dept 09 3,692,484 4,002,396 4,002,396 4,082,444 4,164,093 4,247,375 4,332,323 4,418,969
Fire - Dept 10 2,855,569 3,303,997 3,303,997 3,370,077 3,437,478 3,506,228 3,576,352 3,647,879
Community Development - Dept 12 612,971 695,940 695,940 709,858 724,055 738,537 753,307 768,373

Senior Citizen Center - Dept 16 85,300 60,850 60,850 62,067 63,308 64,575 65,866 67,183
Library - Dept 17 606,006 560,638 560,638 571,850 583,287 594,953 606,852 618,989
Communications - Dept 18 17,600 19,900 19,900 20,298 20,704 21,118 21,540 21,971
Public Works - Dept 20 1,411,825 2,087,877 2,087,877 1,837,409 1,874,157 1,911,640 1,949,873 1,988,870
Non Departmental - Dept 90 1,021,609 1,151,808 1,151,808 1,174,844 1,198,341 1,222,308 1,246,754 1,271,689
Transfers Out 331,915 331,915 331,915 275,593 275,593 275,593 275,593 275,593
Total Expenditures 12,511,662 14,290,059 14,290,059 14,220,674 14,499,576 14,784,055 15,074,225 15,370,197

Revenues Over (Under) Expenditures 630,460 (551,705) (551,705) (0) 227,534 474,813 742,989 1,033,280

Beginning Fund Balance 4,149,173 4,779,633 4,779,633 4,227,928 4,227,928 4,455,462 4,930,275 5,673,264

Prior Period Adjustment - - - - - - - -
Ending Fund Balance $ 4,779,633 $ 4,227,928 $ 4,227,928 $ 4,227,928 $ 4,455,462 $ 4,930,275 $ 5,673,264 $ 6,706,544
Average Daily Annual Expenditures $ 34,279 $ 39,151 $ 39,151 $ 38,961 $ 39,725 $ 40,504 $ 41,299 $ 42,110
Days of Working Capital 139 108 108 109 112 122 137 159
Days of Working Capital Goal = 75-100 days
Assumptions:
Total Tax Rate $0.69619
M&O Tax Rate (for General Fund operations) $0.48307
I&S Tax Rate (for debt service) $0.21312
General Property Tax revenue growth from values and new development 5.00% 5.00% 5.00% 5.00% 5.00%
Property Tax revenue from increased M&O tax rate (one penny generates approx. $120,000)
One penny of M&O tax rate generates approx. $120,000 in FY2026 $120,000 $126,000 $132,300 $138,915 $145,861
City Sales Tax revenue growth 5.00% 5.00% 5.00% 5.00% 5.00%
Expenditure growth in all departments 2.00% 2.00% 2.00% 2.00% 2.00%
All other revenues and expenditures are set numbers

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