Surprise FY2026 Budget

FY2026 Budgeted Expenditures/Expenses are $26,388,000 lower than FY2025, a decrease of approximately 2.77%.

FY2025 comparison amount

$952,132,000

Dollar change

-$26,388,000

Percent change

-2.8%

These figures use the accounting measures reported by the City. Revenue, transfers, fund balance and other financing measures are kept separate rather than treated as interchangeable.

Revenue

$597,360,800

Transfers In

$59,978,700

Total Sources

$657,339,500

Change in Fund Balance

$328,383,200

Exact amount required to reconcile Total Sources of $657,339,500 to Total Uses of $985,722,700. The budget narrative describes $328.38 million of change in fund balance.

Beginning Fund Balance/(Deficit) or Net Position/(Deficit)

$530,679,600

Other Financing Sources

$17,939,600

Total Financial Resources Available

$1,128,040,300

The Summary of Sources and Uses and Schedule A are distinct accounting presentations. Beginning fund balance/net position and Total Financial Resources Available should not be treated as recurring revenue.

The General Fund is shown separately from the citywide budget. Ongoing activity, one-time activity, fund balance and reserves are kept distinct where the adopted budget reports them separately.

Beginning fund balance

$99,197,700

Ongoing activity

Total Ongoing Sources

$239,400,100

Total Ongoing Uses

$239,400,000

Ongoing Surplus/(Shortfall)

$100

FY2026 General Fund ongoing sources exceed ongoing uses by $100.

One-time activity

Total One-Time Sources

$16,739,600

Total One-Time Uses

$22,326,000

One-Time Surplus/(Shortfall)

$-5,586,400

The source presents the FY2026 one-time result as a $5,586,400 shortfall.

Ending fund balance

$93,611,400

Reserves

Required Reserve

$62,927,700

Required reserve presented in the General Fund Five-Year Forecast.

Accounting details

Compared with Ending Fund Balance to determine Balance Above/(Below) Reserve.

Balance Above/(Below) Reserve

$30,683,700

Ending Fund Balance above the forecast Required Reserve.

Accounting details

Ending Fund Balance minus Required Reserve.

General Fund forecast values are preserved as their own accounting layer and are not collapsed with citywide fund-balance or contingency measures.

Maximum allowable primary levy

$14,880,892

Primary levy

$10,387,300

Secondary levy

$10,288,800

Total levy

$20,676,100

Primary rate

$0.5534 per $100 assessed value

Secondary rate

$0.3880 per $100 assessed value

Combined rate

$0.9414 per $100 assessed value

Rate basis: per $100 assessed value

Schedule A contains boilerplate stating that the city does not levy property taxes and that Schedule B is omitted. This conflicts with the levy rows in Schedule A and the included City of Surprise Schedule B. Both source presentations are preserved rather than silently corrected.