This is the special meeting of the common council of the town of Payson, June 25th, 2025.

Call to orders, 3 p.m.

Roll call, Dawn.

Ballant is appearing in a Zoom.

Or absent.

But we do have a quorum.

This is a public hearing pursuant to ARS 42-17104 regarding estimates of revenue and expenditures expenses and a proposed budget for the fiscal year 2025-2026.

The public hearing is for the budget and property tax levy for physical fiscal year 2025-2026.

This is a public hearing.

A discussion possible action regarding resolution 3453.

On resolution 3453.

As you mentioned, this is the um agenda item for the final budget for 2526.

We looked at personnel requests, compensation and benefits in April.

We looked at a draft budget and expenditure and operational enhancements and one-time expenditures in May, and also in May, we looked at the tentative budget, and we had a work session at 6.3, which is culminated in this particular document, our 2526 final budget.

Both expenditures and revenues are matching at that number.

Expenditures.

The library is at 685 million.

Sorry, 685,000.

The Advent Center is 440,000.

Capital projects are at 3.8 million.

The contingency fund is 250,000.

And then we have 1.3 million dollars expenditures in the capital replacement fund.

And then we have some of these other ancillary funds.

The Gibson Grant Fund is 1.9 million.

And then these other smaller funds that you can you can see right there.

And if you total all those, they total 91.6 million dollars.

Sure.

The GIFs and grants fund.

What is coming into that?

Is that what it is right now?

Is that the fund balance currently?

Um I think the fund balance currently is around 700,000.

Okay.

But they have a bunch of other monies coming into it.

They have the opioid money coming into it.

They have we have a fire grant going into it.

We have um Prop 7 uh marijuana money going in, both police and fire.

Right.

And so any grants we we're kind of putting into that.

It's unlikely that we'll ever spend that much in there, but um we have the we budget just in case there is an expenditure that you the council wants to make out of there.

And so here we'll look at the general fund.

Um available financing expenditures are 40 million, and you can see this number if you look at the budget schedules, um, the town budget schedules, the official schedules.

You look the bottom number on general fund, you'll see that number there, 40 million six twenty-nine.

And if anybody wants a hard copy of these schedules, I have some if you if you want to take a look at those.

And so where does that where does that 40 million come from?

Well, for the revenues, it includes this 38.6 million dollars in revenues, and that's found on Schedule C.

You look on Schedule C down at the bottom of general fund, you'll see that number 38, 67506.

Also on Schedule B is a property tax.

Property tax is not included in the regular revenues of general fund.

So you have 720, 720,000 in property tax.

We also have a transfer in from the water department at 547,000, and again, transfers are not included in regular revenues, it's included in schedule D.

If you look in schedule D, it lists all the transfers for all the funds.

Um, there's a 3.6 million dollar transfer out of the general fund.

That's a transfer out to the capital projects, transfer out to the airport fund, transfer out to library, um, and if you subtract that out and then add the fund balance that's being used, you'll get to that 40 million 629 number.

Again, that number is referenced on the schedule A, the very front page of the schedules.

Um, and this is where all the revenues come from.

Uh we have taxes, intergovernmental revenue, we have licenses and permits, we have charge for services, those are all the charged for services that we have in our different departments, fines and forfeitures, interest, and miscellaneous revenue.

And if you total all those, they'll total 38 million 675, and that's the number that you'll see in Schedule C again under the revenues for general fund.

Now, when we go uh during the year and we start looking at our monthly expenditures, the budget will actually show the revenue budget will actually show 39.9 million, and that's because that 540,000, which isn't included in the revenues in the state in the state schedule, that's included in our accounting system.

The accounting system includes that as revenue.