July 28, 2025 Budget Workshop & Special Meeting.pdf?t=202507211239070

BUSHNELL CITY COUNCIL

CITY COUNCIL CHAMBERS 117 E. JOE P. STRICKLAND JR. AVE.

JULY 2 6:00

28,2025 P.M.

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AGENDA BUSHNELL CITY COUNCIL 117 E. JOE P. STRICKLAND JR. AVE. BUDGET WORKSHOP JULY 28,2025 6:00 P.M.

CALL WORKSHOP TO ORDER

1. DISCUSSION AND COMMENTS ON THE CITY'S FY2024-2025 ESTIMATED BUDGET, THE FY2025-2026 PROPOSED BUDGET, AND THE FIVE-YEAR CAPITAL IMPROVEMENT PLAN.

ADJOURN

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City of Bushnell

Memo

To: Honorable Mayor and Council Members

From: Mike Eastburn

CC: Administration Files

Date: 7/11/2025

Re: Proposed FY2025-2026 Budget

The proposed FY2025-2026 budget is complete and is being delivered to you for your consideration prior to the July 28th Budget Workshop. The format of this document is similar to past years. Historical information for the past three years, including the current budget, and a proposed 2025-2026 budget column are provided for your review.

This year's budget is greater than last year's by approximately $30.153 million. Table one shows the proposed revenues that are expected to be received in the upcoming fiscal year. Table two of this report compares the two previous, current, and proposed years by Fund, Capital, and Operation & Maintenance expenditures. Table three compares the four budgets by funding categories and selected expenditure categories.

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TABLE ONE

PROPOSED REVENUES IN MILLIONS

| FUND | OPERATING REVENUES | FEDERAL/STATE GRANTS | FED/STATE/BANK LOANS | | --- | --- | --- | --- | | GENERAL | 6.428 | .303 | 0 | | CEMETERY | .043 | 0 | 0 | | ELECTRIC | 6.077 | 0 | 0 | | WATER | 1.905 | 2.741 | 2.741 | | WASTEWATER | 2.270 | 17.408 | 17.408 | | SANITATION | .905 | 0 | 0 | | TOTALS | 17.628 | 20.149 | 20.149 |

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TABLE TWO

| | Fiscal Yr. 22/23 | Fiscal Yr. 23/24 | Fiscal Yr. 24/25 | Proposed 25/26 | | --- | --- | --- | --- | --- | | GENERAL FUND | | | | | | O & M | $3.200 | $3.808 | $3.103 | $3.695 | | CAPITAL | $1.008 | $0.724 | $0.991 | $1.226 | | GENERAL FUND TOTAL | $4.208 | $4.532 | $4.094 | $4.921 | | COMMUNITY TRUST FUND RESERVE ADDITION | $0.000 | $0.000 | $0.000 | $0.000 | | | | | | | | CEMETERY FUND | | | | | | O & M | $0.037 | $0.035 | $0.038 | $0.021 | | CAPITAL | $0.060 | $0.000 | $0.000 | $0.000 | | CEMETERY FUND TOTAL | $0.097 | $0.035 | $0.038 | $0.021 | | | | | | | | ELECTRIC FUND | | | | | | O & M | $7.417 | $7.261 | $6.190 | $6.425 | | CAPITAL | $2.025 | $0.511 | $0.458 | $0.663 | | ELECTRIC FUND TOTAL | $9.442 | $7.772 | $6.648 | $7.088 | | | | | | | | WATER FUND | | | | | | O & M | $1.253 | $1.505 | $1.521 | $1.864 | | CAPITAL | $1.481 | $1.691 | $2.906 | $5.781 | | WATER FUND TOTAL | $2.734 | $3.196 | $4.427 | $7.645 | | | | | | | | WASTEWATER FUND | | | | | | O & M | $3.420 | $1.071 | $0.966 | $1.012 | | CAPITAL | $10.685 | $7.962 | $8.281 | $35.273 | | WASTEWATER FUND TOTAL | $14.105 | $9.033 | $9.247 | $36.285 | | | | | | | | SANITATION FUND | | | | | | O & M | $0.645 | $0.640 | $0.696 | $0.711 | | CAPITAL | $0.077 | $0.509 | $0.131 | $0.512 | | SANITATION FUND TOTAL | $0.722 | $1.149 | $0.827 | $0.827 | | | | | | | | TOTAL ALL FUNDS O&M | $15.972 | $14.320 | $12.514 | $13.728 | | TOTAL ALL FUNDS CAPITAL | $15.336 | $11.397 | $12.767 | $43.455 | | TOTAL ALL FUNDS | $31.308 | $25.717 | $25.281 | $57.183 |

\*\*All Dollars are in Millions \*\*\*All Amounts Are Budgeted & Not Actual

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TABLE THREE

| | Fiscal Year2022/2023 | Fiscal Year2023/2024 | Fiscal Year2024/2025 | Proposed2025/2026 | | --- | --- | --- | --- | --- | | Revenues | 15.850 | 16.005 | 16.087 | 17.628 | | Grants&Contributions | 9.604 | 6.354 | 5.916 | 20.149 | | Loans | 6.412 | 4.927 | 5.770 | 20.149 | | Due to Revenues | 0 | 0 | 0 | 0 | | All Funding Sources | 31.866 | 27.286 | 27.773 | 57.926 | | Enterprise Capital | 14.268 | 10.673 | 11.976 | 42.229 | | General Fund Capital | 1.008 | 0.724 | 0.991 | 1.226 | | Special RevenueCapital | .060 | 0 | 0 | 0 | | Power | 5.904 | 5.719 | 4.500 | 4.869 | | Payroll w/Promotions | 2.060 | 2.205 | 2.185 | 1.809 | | Benefits&Taxes | .916 | .879 | 1.037 | 1.021 | | Other O&M Expenses | 7.182 | 5.517 | 5.840 | 7.254 | | All Expenditures | 31.398 | 25.717 | 26.529 | 58.408 | | Fund BalanceAdd/Delete | .468 | 1.569 | 1.244 | (0.482) | | Total Expenses&Reserves | 31.866 | 27.286 | 27.773 | 57.926 |

\*\*All Dollars are in Millions

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2025-2026 Proposed Budget Funding Sources

2025-2026 PROPOSED BUDGET EXPENDITURES

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As you can tell from the tables and figures above, the City will be capitalizing on approximately $43.455 million dollars of a $57.926 million Expenditure budget.The financing of this years' capital additions is a combination of grants and loans. The remaining $14.471 million is used for operational expenditures of which approximately $2.830 million is used for employee related expenses.

Of significance in the proposed budget are the following:

- The budget is balanced and it contains an excess of revenues across all of the funds except the electric fund;

- Ad valorem taxes are calculated using last year's levied millage times the preliminary tax base totals reported by the Sumter County Property Appraiser;

- There are no proposed budget transfers between any funds for the upcoming fiscal year;