BUDGET SUMMARY CITY OF PALMETTO - Fiscal Year 2025-2026 THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE CITY OF PALMETTO ARE 15.0% MORE THAN LAST YEARS TOTAL OPERATING EXPENDITURES General Fund 5.9671 GENERAL CAPITAL SPECIAL TRUST ENTERPRISE AGENCY TOTAL ALL ESTIMATED REVENUES: FUND PROJECTS REVENUES FUNDS FUND FUND FUNDS Millage Taxes: per $1000 Ad Valorem Taxes 5.9671 9,352,838 - 7,029,022 - - - 16,381,860 Sales and Use Taxes 4,008,087 - 1,315,702 - - - 5,323,789 Permits, Fees and Assessments 2,067,571 - - - 442,359 - 2,509,930 Charges for Services 1,562,392 - 189,788 - 15,236,824 - 16,989,004 Intergovernmental Revenue - - - - - - - Fines and Forfeitures 36,400 - - - - - 36,400 Miscellaneous Revenue 670,603 - 314,403 - 378,300 - 1,363,306 Other Financing Sources 837,443 - 5,552,757 - 316,904 - 6,707,104 TOTAL SOURCES 18,535,334 - 14,401,672 - 16,374,387 - 49,311,393 Transfers In 2,071,562 - - - - - 2,071,562 Fund Balances/Reserves/Net Assets 14,405,093 1,256,915 6,903,578 36,072,518 46,846,876 - 105,484,980 TOTAL REVENUES, TRANSFERS & BALANCES $ 35,011,989 $1,256,915 $ 21,305,250 $36,072,518 $63,221,263 $ - $ 156,867,935 EXPENDITURES: General Government 11,408,382 - 12,049,422 - - - 23,457,804 Public Safety 8,530,134 - - - - - 8,530,134 Physical Environment - - - - 13,289,723 - 13,289,723 Transportation - - 1,266,388 - - - 1,266,388 Debt Services 429,117 - 591,357 - 1,202,578 - 2,223,052 Human Services - - - - - - - Internal Services - - - - - - - TOTAL EXPENDITURES 20,367,633 - 13,907,167 - 14,492,301 - 48,767,101 Transfers out 239,263 - 494,505 - 1,337,794 - 2,071,562 Fund Balances/Reserves/ Net Assets 14,405.093 1,256,915 6,903,578 36,072,518 47,391.168 - 106,029,272 TOTAL APPROPRIATED EXPENDITURES, TRANSFERS, RESERVES & BALANCES $ 35,011,989 $1,256,915 $21,305,250 $36,072,518 $ 63,221,263 $ - $ 156,867,935 The tentative, adopted, and/or final budgets are on file in the office of the above referenced taxing authority as a public record.