Surprise FY2027 Budget

FY2027 Budgeted Expenditures/Expenses are $40,895,200 higher than FY2026, an increase of approximately 4.42%.

FY2026 comparison amount

$925,744,000

Dollar change

+$40,895,200

Percent change

+4.4%

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

$635,399,500

Transfers In

$46,276,900

Total Sources

$681,676,400

Change in Fund Balance

$331,239,700

Exact amount required to reconcile Total Sources of $681,676,400 to Total Uses of $1,012,916,100.

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

$587,597,600

Other Financing Sources

$77,527,200

Total Financial Resources Available

$1,222,997,100

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

$99,674,700

Ongoing activity

Total Ongoing Sources

$257,946,600

Total Ongoing Uses

$257,946,600

Ongoing Surplus/(Shortfall)

$0

FY2027 General Fund ongoing sources equal ongoing uses.

One-time activity

Total One-Time Sources

$12,457,200

Total One-Time Uses

$24,948,100

One-Time Surplus/(Shortfall)

$-12,490,900

The source presents the FY2027 one-time result as a $12,490,900 shortfall.

Ending fund balance

$87,183,800

Reserves

Required Reserve

$69,408,300

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

$17,775,500

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

$15,846,425

Primary levy

$11,490,400

Secondary levy

$9,614,600

Total levy

$21,105,000

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.