Page 32 - CityofLakeWorthFY26AdoptedBudget

Fee collection began in October 2021, with residential properties charged a flat rate

of $2.00 per month. Commercial account rates are calculated based on the amount of
impervious surface area, reflecting their relative impact on the storm water system.

For Fiscal Year 2025–2026, projected revenues total $184,400, while budgeted
operational expenditures are minimal at $1,350, allowing for continued accumulation

of reserves. The available ending fund balance is estimated at $352,858, positioning
the City to continue addressing priority drainage improvements and storm water

infrastructure projects as outlined in the adopted master plan.

The Storm water Fund will be contributing $450,000 for major storm water

improvements for the Oak's Improvement Project located along Telephone Road.

This fund supports the City’s ongoing efforts to invest in resilient infrastructure and

proactive storm water management solutions that protect public and private property,
preserve water quality, and enhance overall community sustainability.

CONCLUSION

This concludes the highlights of the Fiscal Year 2025–2026 Budget. I believe this
budget reflects a thoughtful balance between sustaining high-quality municipal

services and proactively addressing the long-term priorities essential to Lake Worth’s

future. It positions the City to advance key initiatives, including competitive
compensation to retain our talented workforce, and critical investments in

infrastructure, city facilities, and open spaces.