title
Fiscal Year 2026/27 Final Budget
end
Requested Action(s)
recommendation
Review and approve the final FY 2026/27 Budget, as presented.
body
Financial Impact:
As listed.
Background Information:
Attached is the recommended final budget for fiscal year 2026/27.
Below is a description of major changes in revenues and expenses as compared to the
preliminary approved FY 2026/27 budget:
Income
The proposed FY 2026/27 budget would result in a contingency of $69,089.96 (7.32%). No changes have been made to revenue sources identified in the preliminary budget.
Expenses
- Workers Compensation (510400) rates are expected to decrease rather than increase. The actual rate was unknown when the preliminary budget was prepared; as such, staff assumed a 10% increase over FY 2025/26.
- Property, Crime, Liability, and Pollution Insurance (531500) includes an anticipated 10-25% increase in property, crime, and liability premiums over FY 2025/26. The pollution liability policy renewed with only a slight increase of 1.67% rather than an anticipated large increase.