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Changes since November 10, 2025 Meeting — decrease of $55,430 <br />• Updated union health and dental premiums — decrease of $5,430 <br />• Reduction in EDA levy — decrease of $50,000 <br />With the 2025 projected budget surplus, staff is providing options to the City Council regarding the <br />planned use of the 2025 budget surplus for further discussion, ahead of the 2026 Truth -in -Taxation <br />meeting: <br />• Replenish General Fund Reserve <br />o The surplus should be directed to replenish the reserve balance to get back to the 50%. <br />Fund One -Time Investments (avoid recurring costs) in the 2026 Budget- use for one-time <br />expenses only, as new costs require a permanent levy increase in the future. <br />o Capital Projects: Fund infrastructure repairs, building maintenance, purchasing new <br />equipment or vehicles. <br />o Technology: Fund a new software system (Permit Software — $60,000 or 1% levy <br />increase in 2026) or replace computer hardware. <br />o Other: Fund one-time future costs (2027 Comp Plan - $60,000 or 1 % levy increase in <br />2026, Utility Rate Study). <br />Set Aside for Economic Uncertainty or Emergencies <br />o Keep remaining in reserves to buffer against unexpected revenue shortfalls or spikes in <br />emergency expenses. <br />Reduce the 2026 Levy/Tax Rate <br />o Taxpayer Relief: Cover a portion of the 2026 planned expenditures. Note that the 2027 <br />levy may need a larger percentage increase to return to the necessary funding level. <br />Attachments <br />A. Major Changes - Proposed 2026 Budget <br />B. General Fund Balances 5-Year Trend (2020-2024) <br />Page 2 of 7 <br />