Page 25 - CityofLakeWorthFY26AdoptedBudget

Fund Balance and Reserve Position

At the close of FY 2026, the projected available ending fund balance in the General

Fund is $7,239,279. This equates to a reserve level of 4.93% of annual operating
expenditures, which significantly exceeds the City Council’s adopted reserve policy goal

of 30%.

Maintaining a healthy fund balance not only demonstrates the City’s sound financial

management but also provides a critical buffer against unforeseen revenue shortfalls or

emergencies. This strong reserve position helps to protect the City’s financial stability,
maintain service continuity during uncertain times, and reinforce Lake Worth’s strong

standing with credit rating agencies.

Staffing and Personnel

The FY 2026 budget will increase the current staffing structure of full-time positions
(FTEs). The City will operate with 116 full-time employees and 3 part-time position

across all departments.

The following changes have been made to staffing:

Approved but Unfunded Position: 1 Patrol Officer
The budget includes authorization for one additional Patrol Officer, but funding

for this position has been deferred at this time. The position remains a priority
and may be considered for mid-year adjustment or future budget cycles,

depending on available resources and operational demands.

Modifications to the Municipal include:
Addition of 1 Part time Municipal Court clerk position.