BUDGET SUMMARY City of Homestead, FL - Fiscal Year 2025-2026 THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE CITY OF HOMESTEAD, FL ARE 27.3% MORE THAN LAST YEARS TOTAL OPERATING EXPENDITURES General fund 5.9604 Mills Voted fund 0.2446 Mills GENERAL SPECIAL DEBT CAPITAL ENTERPRISE INTERNAL TOTAL ALL ESTIMATED REVENUES FUND REVENUE SERVICE PROJECTS FUND SERVICE FUNDS Taxes Millage per $1,000 Ad Valorem 5.9604 3 2,400,826 6,672,112 - - - - 39,072,938 Ad Valorem 0.2446 - - 1,484,659 - - - 1,484,659 Other Taxes 5,131,347 - - - - 60,000 5,191,347 Payment in Lieu of Taxes 10,626,540 - - - - - 10,626,540 Charges For Services 1,023,448 - - - 1 44,670,070 - 1 45,693,518 Intergovernmental Revenue 17,892,618 - - 4,922,922 - - 22,815,540 Fines & Forfeitures 2,052,114 - - - - - 2,052,114 Other Revenue 11,661,996 2,350,000 - - 2,323,046 - 16,335,042 Interest Income 2,000,000 3 95,099 - 45,001 3 41,945 - 2,782,045 Licenses and Permits 4 63,592 - - - 3,140,362 - 3,603,954 Internal Service Charges - - - - - 34,326,404 34,326,404 TOTAL REVENUE 83,252,481 9,417,211 1,484,659 4,967,923 1 50,475,423 34,386,404 2 83,984,101 Transfers-In - - 2,150,000 3,391,303 13,374,339 - 18,915,642 Fund Balance/Reserves/Net Assets 5,962,039 18,574,790 1,329 9,681,504 11,601,131 - 45,820,793 TOTAL FUNDING SOURCES 89,214,520 27,992,001 3,635,988 18,040,730 1 75,450,893 34,386,404 3 48,720,536 EXPENDITURES General Government 22,905,221 4,767,919 - 1,379,780 - 27,279,574 56,332,494 Public Safety 39,360,266 8 32,765 - 1,175,113 6,400,172 - 47,768,316 Public Works 82,222 7,287,820 - - 53,562,713 - 60,932,755 Transportation 2,235,072 - - 4,648,780 - - 6,883,852 Debt Services 6 67,311 - 3,635,988 - 2,826,345 - 7,129,644 Utilities - - - - 82,713,468 5,702,195 88,415,663 Recreation & Cultural 10,931,077 1,584,062 - 1,249,341 - - 13,764,480 Internal Services 5,168,578 4 06,798 - - 26,688,856 1,190,427 33,454,659 TOTAL EXPENDITURES 81,349,747 14,879,364 3,635,988 8,453,014 1 72,191,554 34,172,196 3 14,681,863 Transfers-Out 7,023,588 5 32,715 - 8,100,000 3,259,339 - 18,915,642 Fund Balance/Reserves/Net Assets 8 41,185 12,579,922 - 1,487,716 - 2 14,208 15,123,031 TOTAL APPROPRIATED EXPENDITURES, TRANSFERS, RESERVES & BALANCES 89,214,520 27,992,001 3,635,988 18,040,730 175,450,893 34,386,404 348,720,536 The tentative / adopted budget is on file in the City of Homestead, FL, City Clerk Office as a public record