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File #: RES 25-17    Version: 1 Name: Resolution Final Budget Adoption
Type: Resolution Status: Special Meeting Agenda
File created: 5/13/2025 In control: City Council Special Meeting
On agenda: 6/3/2025 Final action: 6/3/2025
Title: PUBLIC HEARING. A Resolution of the Mayor and City Council of the City of Maricopa, Arizona adopting the final budget for fiscal year 2025-2026 (FY25-26). Discussion and Action.
Sponsors: Matt Kozlowski
Attachments: 1. Resolution, 2. FY26 Budget Summary Forms - Operating and CIP

TITLE

PUBLIC HEARING. A Resolution of the Mayor and City Council of the City of Maricopa, Arizona adopting the final budget for fiscal year 2025-2026 (FY25-26). Discussion and Action.

 

AGENDA ITEM DESCRIPTION

Title 42 of the Arizona Revised Statutes requires the City of Maricopa to hold a public hearing at which any taxpayer can appear before the Mayor and City Council to comment on the Final Budget for Fiscal Year 2025-2026 prior to formal adoption.

 

In compliance with Title 42 of the Arizona Revised Statutes (A.R.S.), the final budget for FY25-26 is presented for council consideration. The final operating and capital budgets, based on Council strategic priorities and staff input, total $344,464,442.  The final operating budget totals $146,664,158 and the final Capital Improvement Projects (CIP) totals $197,800,283.

 

Per state statute, the tentative budget was adopted on May 6, 2025. Additionally, a public notice indicating the final budget adoption was to take place on June 3, 2025, was published on May 24, 2025, and again on May 31, 2025.

 

 

Operating Budget

 

The proposed operating budget was developed through input from the April 23, 2025, Council Budget and Finance Committee (BFC) meeting.   Based on this meeting, the proposed FY25-26 operating budget totals $146,664,158.  The totals, by fund, are as follows:

 

Operating Budget

 

General Fund

 $              81,874,675

Special Revenue

 

Highway User Revenue Fund

 $                4,883,585

1/2 Cent County Road Tax

 $               2,110,000

Grants Operating Fund

 $              51,613,310

Debt Service Fund

 $                6,182,588

Total Operating Expenditures

 $        146,664,158

 

The information above includes all operating funds of the City with the General Fund being the largest operating fund. 

 

Capital Budget

 

The proposed capital budget was developed through input from the February 6, 2025, Council Budget and Finance Committee (BFC) meeting. The 10-Year Capital Improvement Plan (Plan) serves as the basis for developing the FY25-26 Capital Improvement Projects (CIP) budget.  Based on the Plan, the FY25-26  CIP budget totals $190,800,283 and is as follows:

 

Capital Project Funds

 

General Government CIP

 $              43,888,398

Grants CIP

 $              39,130,805

Fire Impact Fee Fund

 $               2,560,000

Library Impact Fee Fund

 

Parks Impact Fee Fund

 $                2,905,228

Police Impact Fee Fund

 

Transportation Impact Fee Fund

 $               4,753,570

Special Revenue Funds

 

Commuting Corridors Sales Tax Fund

 $            50,000,000

Highway User Revenue Fund

 $               11,196,966

1/2 Cent County Road Tax

 $              10,783,072

Asset Replacement Fund

 $               4,994,144

Land Acquisition Enhancement Fund

 $               11,270,211

Revenue Bond

 $              16,317,889

Total Capital Project Funds

 $        197,800,283

 

 

PRESENTER

This item will be presented by Lisell Blancarte, Budget Manager. 

 

 

STAFF RECOMMENDATION

 

Staff recommends that the Mayor and Council adopt the final budget for fiscal year 2025-2026 (FY25-26) and the 10-Year Capital Improvement Plan.