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HomeMy WebLinkAboutCity notice of budget hearing FY 26NOTICE OF PUBLIC HEARING CITY OF REXBURG, IDAHO PROPOSED BUDGET FOR FISCAL YEAR ENDING 9/30/2026 (FY 2026) A public hearing will be held for the consideration of the proposed budget for the fiscal year from October 1, 2025 to September 30, 2026, at the City Hall, 35 North 1st East, Rexburg, Idaho, at 6:30 p.m., on July 16, 2025. All interested persons are invited to appear and show cause, if any, why such budget should or should not be adopted. Copies of the proposed City budget in detail are available at City Hall during the regular office hours (7:30 a.m. to 5:30 p.m. Monday – Thursday and 7:30 a.m. to 12:30 p.m. on Friday). City Hall is accessible to persons with disabilities. Anyone desiring accommodations for disabilities related to the budget documents or to the hearing should contact City Hall, 359-3020 at least 48 hours prior to the public hearing. This Notice can be provided in a format accessible to persons with disabilities and/or persons with limited English proficiency upon request. Se le puede proveer esta notificación en un formato accesible para las personas discapacidades y/o personas con conocimientos limitados del inglés a pedido. The proposed total expenditures and revenues for each fund for FY 2026 have been tentatively approved by the City Council and entered in detail in the minutes of their meeting. CITY OF REXBURG REVENUES AND EXPENDITURES 2024 2025 2026 ACTUAL BUDGET* BUDGET GENERAL FUND PROPERTY TAX 6,630,639 6,932,400 7,342,000 OTHER REVENUE 11,655,828 12,293,800 12,220,800 TOTAL REVENUE: 18,286,467 19,226,200 19,562,800 TOTAL EXPENSE: 19,377,609 19,226,200 19,562,800 STREET OPERATION FUND TOTAL REVENUE: 6,832,198 5,021,400 5,355,500 TOTAL EXPENSE: 6,832,198 5,021,400 5,355,500 RECREATION FUND TOTAL REVENUE: 270,338 317,500 306,300 TOTAL EXPENSE: 261,704 317,500 306,300 TABERNACLE OPERATIONS FUND TOTAL REVENUE: 1,041,016 1,753,300 1,182,200 TOTAL EXPENSE: 968,305 1,753,300 1,182,200 POLICE IMPACT FEE CAPITAL FUND TOTAL REVENUE: 64,444 75,000 383,300 TOTAL EXPENSE: - 75,000 383,300 D.A.R.E. ASSOCIATION FUND TOTAL REVENUE: 17,000 18,000 17,800 TOTAL EXPENSE: 14,664 18,000 17,800 DRUG ENFORCEMENT FUND TOTAL REVENUE: 16,168 19,400 18,000 TOTAL EXPENSE: 3,632 19,400 18,000 POLICE SMALL GRANTS FUND TOTAL REVENUE: 56,166 46,000 51,000 TOTAL EXPENSE: 56,166 46,000 51,000 HIGH FIVE & OTHER GRANTS TOTAL REVENUE: 1,928 - - TOTAL EXPENSE: 68,815 - - FIRE STATION BUILDING FUND TOTAL REVENUE: - 1,200,000 309,000 TOTAL EXPENSE: - 1,200,000 309,000 FIRE DEPARTMENT OPERATIONS FUND TOTAL REVENUE: 6,065,623 5,983,400 7,080,700 TOTAL EXPENSE: 6,065,623 5,983,400 7,080,700 JOINT FIRE EQUIPMENT FUND TOTAL REVENUE: 606,578 778,800 408,000 TOTAL EXPENSE: 340,857 778,800 408,000 MADISON COUNTY FIRE DISTRICT TOTAL REVENUE: 1,191,371 1,241,000 1,565,500 TOTAL EXPENSE: 1,529,427 1,241,000 1,565,500 FIRE IMPACT FEE CAPITAL FUND TOTAL REVENUE: 34,701 42,100 42,000 TOTAL EXPENSE: 40,008 42,100 42,000 FIRE DEPARTMENT EMPLOYEE FUND TOTAL REVENUE: 1,193 3,000 3,000 TOTAL EXPENSE: - 3,000 3,000 REVOLVING LOAN FUND TOTAL REVENUE: 82,002 73,500 83,500 TOTAL EXPENSE: 11,688 73,500 83,500 REXBURG RAPIDS FUND TOTAL REVENUE: 546,698 583,100 622,600 TOTAL EXPENSE: 602,516 583,100 622,600 LEGACY FLIGHT MUSEUM FUND TOTAL REVENUE: 384,056 213,600 147,300 TOTAL EXPENSE: 326,466 213,600 147,300 SANITATION OPERATIONS FUND TOTAL REVENUE: 3,416,727 3,509,500 3,560,900 TOTAL EXPENSE: 3,159,881 3,509,500 3,560,900 WATER OPERATIONS FUND TOTAL REVENUE: 5,904,362 5,012,200 4,675,200 TOTAL EXPENSE: 4,315,322 5,012,200 4,675,200 WASTEWATER OPERATIONS FUND TOTAL REVENUE: 8,660,279 13,518,900 12,804,700 TOTAL EXPENSE: 6,120,483 13,518,900 12,804,700 BUILDING SAFETY FUND TOTAL REVENUE: 1,441,169 1,210,800 1,541,100 TOTAL EXPENSE: 972,148 1,210,800 1,541,100 GEOGRAPHIC INFORMATION SYSTEMS TOTAL REVENUE: 519,150 567,200 601,300 TOTAL EXPENSE: 519,150 567,200 601,300 JOINT CITY HALL/POLICE ADDITION RESERVE FUND TOTAL REVENUE: 481,216 365,000 1,581,200 TOTAL EXPENSE: - 365,000 1,581,200 STREET IMPACT FEE FUND TOTAL REVENUE: 681,292 245,000 1,222,200 TOTAL EXPENSE: 508,931 245,000 1,222,200 WATER CAPITAL RESERVE FUND TOTAL REVENUE: 709,233 1,120,500 2,698,000 TOTAL EXPENSE: 271,067 1,120,500 2,698,000 SEWER CAPITAL RESERVE FUND TOTAL REVENUE: 2,324,689 3,929,100 5,890,200 TOTAL EXPENSE: 1,178,990 3,929,100 5,890,200 ARTS PROMULGATION FUND TOTAL REVENUE: 59,534 105,000 225,000 TOTAL EXPENSE: 25,008 105,000 225,000 ESD PARAMEDIC CARE UNIT FUND TOTAL REVENUE: 1,565,546 1,508,100 1,501,700 TOTAL EXPENSE: 1,472,339 1,508,100 1,501,700 PARKS IMPACT FEE CAPITAL FUND TOTAL REVENUE: 276,648 1,225,000 2,511,700 TOTAL EXPENSE: 158,660 1,225,000 2,511,700 TRAILS OF MADISON COUNTY FUND TOTAL REVENUE: 81,195 630,500 1,066,000 TOTAL EXPENSE: 48,225 630,500 1,066,000 ROMANCE THEATRE FUND TOTAL REVENUE: 270,070 210,300 186,300 TOTAL EXPENSE: 284,498 210,300 186,300 PARK CONSTRUCTION FUND TOTAL REVENUE: 125,999 333,600 5,000 TOTAL EXPENSE: - 333,600 5,000 WATER CAPITAL CONSTRUCTION FUND TOTAL REVENUE: 14,130 575,000 2,185,000 TOTAL EXPENSE: 14,130 575,000 2,185,000 STREET REPAIR FUND TOTAL REVENUE: 5,972,395 3,359,000 3,765,000 TOTAL EXPENSE: 4,914,018 3,359,000 3,765,000 STREET NEW CONSTRUCTION FUND TOTAL REVENUE: 3,595,386 4,115,000 7,333,600 TOTAL EXPENSE: 3,633,015 4,115,000 7,333,600 AIRPORT OPERATIONS FUND TOTAL REVENUE: 67,785 62,400 61,100 TOTAL EXPENSE: 51,249 62,400 61,100 AIRPORT CONSTRUCTION FUND TOTAL REVENUE: 185,811 717,400 4,561,000 TOTAL EXPENSE: 200,027 717,400 4,561,000 AIRPORT RELOCATION RESERVE FUND TOTAL REVENUE: 88,981 45,000 28,500 TOTAL EXPENSE: - 45,000 28,500 GOLF COURSE FUND TOTAL REVENUE: 1,659,403 1,641,500 1,778,500 TOTAL EXPENSE: 1,472,699 1,641,500 1,778,500 GOLF COURSE CONSTR./RESERVE FUND TOTAL REVENUE: 212,650 227,500 210,800 TOTAL EXPENSE: 59,196 227,500 210,800 SEWER PLANT CONSTRUCTION FUND TOTAL REVENUE: 244,219 2,650,000 3,276,500 TOTAL EXPENSE: 225,713 2,650,000 3,276,500 LID CONSTRUCTION FUNDS TOTAL REVENUE: 4,322,634 3,995,200 4,700,000 TOTAL EXPENSE: 3,633,471 3,995,200 4,700,000 LID DEBT SERVICE FUNDS TOTAL REVENUE: 588,031 941,100 1,008,400 TOTAL EXPENSE: 740,267 941,100 1,008,400 REXBURG CULTURAL ARTS FUND TOTAL REVENUE: 234,010 270,200 306,600 TOTAL EXPENSE: 234,010 270,200 306,600 FIBER INITIATIVE CONSTRUCTION FUND TOTAL REVENUE: 270,000 200,000 108,800 TOTAL EXPENSE: 273,142 200,000 108,800 REXBURG BUSINESS COMPETITION FUND TOTAL REVENUE: 337,046 35,000 23,900 TOTAL EXPENSE: 343,717 35,000 23,900 NORTH 2ND EAST CONSTRUCTION FUND TOTAL REVENUE: 226,533 2,931,000 4,830,000 TOTAL EXPENSE: 226,533 2,931,000 4,830,000 COMMUNITY SAFETY LIGHTING FUND TOTAL REVENUE: 316,264 620,600 - TOTAL EXPENSE: 998,609 620,600 - FIBER OPERATING FUND TOTAL REVENUE: 90,000 123,300 135,800 TOTAL EXPENSE: 7,809 123,300 135,800 SHOP-WITH-A-COP FUND TOTAL REVENUE: 22,504 18,200 18,000 TOTAL EXPENSE: 17,853 18,200 18,000 AMBULANCE CAPITAL REPLACEMENT FUND TOTAL REVENUE: 22,772 440,000 - TOTAL EXPENSE: - 440,000 - CITY 501 C3 FOUNDATION FUND TOTAL REVENUE: 3,275 5,100 3,000 TOTAL EXPENSE: 3,275 5,100 3,000 GRAND TOTAL REVENUE: 80,488,885 93,058,500 111,543,500 GRAND TOTAL EXPENSE: 72,583,113 93,058,500 111,543,500 * 2025 Amended Budget as of 6/2/25