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HomeMy WebLinkAboutWORKSHOP 2026 Budget Workshop2026 RECOMMENDED BUDGET UPDATES 2026 RECOMMENDED BUDGET REVENUE UPDATES EXPENDITURE UPDATES THE FUTURE LESSONS LEARNED CASH POSITION UPDATE GENERAL FUND REVENUE UPDATE $204,514 Sales Tax Increased -2.75% New Taxable Transactions, Net impact to removing Road Diversion, Increase PILT plus others $301,600 Public Safety proposed 1/10th of 1% Sales Tax $150,000 Opioid Abatement Funds $456,379 Other GF Department Increases $1,112,493 Increase GENERAL FUND EXPENDITURE UPDATE TOTAL DECREASE $3,423,791 Central Services –Internal Services Reduction Salary and Benefits Reduction including full time FTE, clerk hires, retirements 7.30 FTE Vacant Positions On Hold 3.38 FTE Positions Eliminated Reduction including Travel, Training for Staff, Add Requests from Departments. $ 1,767,209 Reduction in areas below: OPERATING TRANSFERS GENERAL FUND TRANSFERS TO OTHER FUNDS $2,004,823 REDUCTION GF Request Recommended 105 AUDITOR'S O&M 65,139 65,139 108 WSU Coop Ext 426,456 215,000 127 Public Health 559,000 100,000 128 Water Quality 28,000 - 140 Law Library 6,000 6,000 143 Community Development 1,055,416 637,500 174 Parks & Recreation 999,968 750,000 180 Roads 638,483 - Total Transfers to Other Funds 3,778,462 1,773,639 FUND OTHER FUNDS ➢Revenue Decreases due to Reduced Transfers from the General Fund ➢Community Development •3.5 FTE Reduction incl Code Compliance •Fire Marshall/Building Official will revert back to the Director. •Deputy Fire Marshal hours reduced. ➢Revenue reductions impacting expenditures for Public Health, WSU Cooperative Ext will require appropriations if needed. ➢Parks and Recreation –closing the funding gap $250,000 GENERAL FUND CASH PROJECTION UPDATE 2025 2026 Actual Recommended Budget Budget 11/30/2025 %Projection Beginning Fund Balance 7,992,326 7,992,326 2,818,160 REVENUES 27,596,560 27,232,632 98.7%28,474,383 EXPENDITURES:33,270,726 28,667,426 86.2%29,581,102 Projected Carryover 500,000 Ending Fund Balance 2,818,160 6,557,532 1,711,441 Budget Over (Short)(5,674,166)(1,434,794)(1,106,719) Recommended Reserve: 15% of Expenditures 4,990,609 4,300,114 4,437,165 Unreserved Fund Balance (2,172,449)2,257,418 (2,725,724) 2025 THE FUTURE •Secure Rural Schools –reauthorization by Congress, including prior year revenue. •Parks & Rec Sustainability •Financial Plan Identify Revenues -Recurring, Volatile, One-time Expenditures –Recurring, One-time •Cash Flow •Budget Validation •Budget Appropriations –change the culture around “permission to spend” and bottom line budget LESSONS LEARNED Keep the next year in focus when making funding decisions during the current year. Improve Internal Controls over Budget Data and Projections GF Collaboration works, keep doing it. Improve collaboration with funds outside the General Fund.