Page 110 - FY 2026-2027 Adopted Budget Book

CALCULATION
FY 2024 FY 2025 FY 2026 Amended FY 2026 FY 2027 Proposed % Change
Actuals Actuals Budget Projection Budget
Expenditures
Public Works $3,524,678 $3,185,312 $6,620,742 $6,610,767 $4,502,185 -32%
EXPENDITURES
TOTAL $3,524,678 $3,185,312 $6,620,742 $6,610,767 $4,502,185 -32%

Fund Balance

The SIEDC Board annually approves the projects for each fiscal year. They use a mix of financing sources
available including fund balance or debt instruments. Changes in fund balance are determined by the
schedule of projects and planned financing sources approved by the Board. The FY 2026 decrease in fund
balance is primarily driven by the construction costs for the Gregory and Bedford Court Addition Utility and
Street Improvements Capital Improvement Project. The fund balance is projected to remain flat in FY2027.

In accordance with our Fiscal and Budgetary Policy Statements, the assigned balance in this fund is
equivalent to one year of the average annual debt service requirement, including related expenses.

$6M

$4M
Fund Balance
Average Annual Debt Service Requirement
$2M
Minimum Requirement
≥ $662,789
$0
FY2024 FY2025 FY2026 FY2027
Data Updated: Sep 15, 2026, 3:21 PM View Report

Description FY2024 FY2025 FY2026 FY2027
Fund Balance Amount
Average Annual Debt Service Requirement $663,459 $662,572 $662,572 $662,789
Fund Balance $5,280,193 $6,571,354 $4,469,777 $4,459,650
FUND BALANCE AMOUNT $5,943,652 $7,233,926 $5,132,349 $5,122,439

FY 2026-2027 Adopted Budget Book · September 15, 2026 106