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Preliminary Operating Budget FY25-26
City of Euless, Texas Fiscal Year 2025-2026 Budget Cover Page July 17, 2025 This preliminary budget was prepared prior to the delivery of Certified Appraisal Values. This budget will raise more revenue from property taxes than last year's budget by an amount of $471,992, which is a 2 percent increase from last year's budget. This document and this page will be updated once Certified Appraisal Values are received. The property tax revenue to be raised from new property added to the tax roll will be reported once data is received. 1 City of Euless Preliminary Annual Operating Budget Fiscal Year Ending September 30, 2026 201 N. Ector Drive, Euless, TX 76039 www.eulesstx.gov City of Euless FISCAL YEAR 2025-26 Council Members LINDA MARTIN, MAYOR Tim Stinneford, Mayor Pro Tem, Place One Jeremy Tompkins, Place Two Eddie Price, Place Three Perry Bynum, Place Four Annabel Eads, Place Five Tika Paudel, Place Six Chris Barker, City Manager Steven Viera, Assistant City Manager Lawrence Bryant, Assistant City Manager 3 THE CITY OF EULESS July 18, 2025 Honorable Mayor Linda Martin Honorable City Councilmembers: Tim Stinneford, Mayor Pro Tem, Place One Jeremy Tompkins, Place Two Eddie Price, Place Three Perry Bynum, Place Four Annabel Eads, Place Five Tika Paudel, Place Six INTRODUCTION As required by the City of Euless' Home Rule Charter, the operating budget for the fiscal year beginning October 1, 2025 and ending September 30, 2026 is submitted for your review. This budget document includes all required data per the City's Charter. We hope our citizens find this document easy to navigate. In accordance with state law, the proposed budget must be filed with the municipal clerk at least 30 days prior to adoption of the tax rate which is scheduled for August 18, 2025. Therefore, property valuations and the proposed tax rate are based on estimates. The certified taxable property values are due from Tarrant Appraisal District on July 25, 2025. Upon receipt, we will update the taxable property values reflected in this document and will recalculate the property tax rate necessary to fund the proposed expenses. The proposed budget document will be updated with the municipal clerk and on the City's website to reflect these changes as soon as the calculations are completed. We would like to extend our thanks to all of the department directors and managers along with the finance staff for their outstanding performance in preparing this budget document. BUDGET HIGHLIGHTS In preparing this budget, we strived to provide funding to continue excellent service to our citizens and retain a talented and skilled workforce while addressing inflationary pressures and facility and infrastructure needs. 201 N. Ector Drive, Euless, Texas 76039-3595 817/685-1400 • Metro 817/267-4403 • Fax 817/685-1416 www.eulesstx.gov 4 The City's current property rate is 44.67¢ per $100 of assessed valuation. Upon receipt of the certified taxable property values, the proposed tax rate will be calculated to achieve the revenue needed to fund the proposed budget. This may result in an increase or a decrease from the current tax rate. In accordance with state law, if the proposed tax rate exceeds the voter approval tax rate, an automatic election will be held on the next uniform election date which is November 4, 2025. Highlights of the proposed budget are detailed below: ♦ Property tax revenues assume an increase of 3.5% from current year collections. The proposed tax rate and tax revenue will be adjusted upon receipt of the certified taxable values from Tarrant Appraisal District and the no -new revenue rate and voter approval rate will be calculated. ♦ There are no cuts in programs or services for citizens. ♦ Several personnel changes are being implemented through a strategic reorganization and reclassification of certain existing positions. A current part-time position is being upgraded to full-time by reclassifying an existing position to better support operational needs. Additionally, this budget does shift some full-time employees' duties and which fund they are paid from. There are no new full-time employee additions from the current fiscal year. ♦ In an effort to maintain a skilled workforce and remain competitive, this budget provides for a baseline salary increase and/or a one-time lump sum payment based on performance. ♦ The water rate includes a $1 increase in the standard base rate, adjusted proportionately for larger meters, to cover operational cost increases in water delivery and an increase to the volume rate of 47¢ per thousand gallons to cover the pass -through increase from Trinity River Authority (TRA) in the cost to purchase water. ♦ The wastewater rate includes a $1 increase in the base rate to cover operational cost increases in wastewater collections and an increase to the volume rate of 54¢ per thousand gallons to cover the pass -through increase from TRA for the collection and treatment of the wastewater. ♦ A 75¢ per thousand gallons rate stabilization rebate is proposed to help offset some of the increases. This rebate is for residential water customers up to 15,000 gallons per month. ♦ The storm drain fee is proposed to increase 50¢ per single family residential customer with a $8.19 increase per impervious acre for commercial customers. This increase is to continue to fund the increasing operating costs of providing and improving the curb and gutter infrastructure for the efficient drainage of storm water. ♦ Other user fees, permit fees and inspection fees are proposed to be adjusted, as deemed necessary, based on increased costs of service and changes to state law regarding fee structure. ♦ The Water and Wastewater Operating Fund includes transfers to Capital Improvement Programs (CIP) to cash flow infrastructure improvements including water and wastewater line replacements. The annual commitment for line 201 N. Ector Drive, Euless, Texas 76039-3595 817/685-1400 • Metro 817/267-4403 • Fax 817/685-1416 www.eulesstx.gov 5 replacement has been increased $25,000 to $1,150,000 in an effort to keep pace with inflation. • The General Fund includes a transfer to CIP to cash flow annual street improvements. This has been increased $25,000 in an effort to keep pace with inflation and is based on a third -party study of street conditions. The proposed amount for FY2025-26 is $1,150,000. An additional $6,961,745 has been allocated to Street CIP, Equipment Replacement, and General CIP Fund Balances for future capital or unforeseen projects and to cover increased costs due to inflationary pressures. • The Car Rental Fund includes a transfer to CIP in the amount of $4,000,000 and the Euless Development Corporation (EDC) Fund includes a transfer to CIP in the amount of $2,600,000 for future projects. • Depreciation funding for the majority of the City's vehicles, equipment, furnishing and fixtures, and facility needs is included in the baseline budgets. • A detail of the recommended capital and supplemental programs is included in this Proposed Budget. GENERAL FUND General Fund revenues are proposed at $59,186,162 which represents an increase of 4% from the previous year's budget. The increase is primarily due to an estimated increased property tax revenue, increased sales tax collections, increased car rental tax collections, and interest income expectations. As mentioned, certified property valuations are expected on July 25th from the Tarrant Appraisal District. This proposed budget assumes an increase of 3.5% in property tax revenues from current year collections. Once certified taxable values are received, property tax revenue and the proposed property tax rate will be adjusted accordingly. FY2024-25 sales tax collections are projected to end the current fiscal year over 6% from budget due to better than expected collections. This is attributed to continued commercial development, consumer confidence, and inflationary increases. Projections for FY2025-26 sales taxes assume relatively flat projection from those FY2024-25 year-end projections. Other revenue sources vary in their projections. While building permits have been strong, this revenue source will be vastly reduced as the City reaches buildout. Therefore, we continue to reduce our dependence on this revenue. Municipal court fines and fees have increased recently and therefore our projection for next year has increased slightly. Franchise fees are projected to increase slightly due to the inflationary impact on rates charged. Interest income is expected to increase from current year budget but be lower than current year estimate as the Federal Reserve is expected to continue to cut rates. General Fund operating expenses, excluding capital programs, are proposed at $59,145,736 which represents an increase of approximately 4%. This increase is primarily due to the proposed pay plan adjustments, contractual agreements, a drone as a first responder program, an annual increase for street improvements, and network and system expansion. 201 N. Ector Drive, Euless, Texas 76039-3595 817/685-1400 • Metro 817/267-4403 • Fax 817/685-1416 www.eulesstx.gov 6 Recommended capital items are detailed in the proposed budget and are funded from excess reserves. In accordance with the City's fiscal policy, all current expenses will be paid from current revenues. Per this policy, the budgeted General Fund reserve is equal to 60 days working capital. The fund balance summary verifies that the City has complied with this policy. Excess reserves have only been used to fund proposed capital and one-time needs. WATER AND WASTEWATER FUND The FY2025-26 budget includes proposed operating revenues of $37,572,028, which is an increase of 7% over the current year budget. The water and wastewater revenue projections are based on proposed rates, detailed above, and estimated consumption. A proposed rebate of 75¢ per 1,000 gallons of water used up to a maximum of 15,000 gallons per month is included for single-family residential customers. The City's Rate Stabilization Fund will provide the resources to cover the cost of the proposed rebate. Proposed water and wastewater baseline expenses are $37,547,461, which is an increase of 7% over current year. The increase is attributed to the increased costs from TRA for the purchase of water and treatment of wastewater, the proposed pay plan, administrative and franchise fees, the annual increase to system improvements, water plan and water model engineering services, and supervisory control and data acquisition pack upgrades. Recommended capital items are detailed in the proposed budget and funded from excess reserves. The proposed budget meets the criteria set forth in the City's fiscal policies with reserves calculated at 75 days of working capital. Water and Wastewater Debt Reserve Requirements Water and wastewater revenue bond covenants require the City to maintain sufficient reserves equal to the average annual debt service requirements. This debt reserve is in addition to the working capital reserve required by the City's fiscal policies and is maintained in a separate fund. EQUIPMENT REPLACEMENT FUND The City maintains an equipment replacement program to accumulate funds for the replacement of vehicles, equipment, assets and certain facility items. Funding is provided annually by user departments in order to accumulate funds necessary to cover the expected replacement costs. Shortages in accumulated funds are supplemented with funding from the Car Rental Fund. In addition, a one-time transfer of $1,000,000 from the General Fund is proposed to address inflation -related increases in replacement costs. 201 N. Ector Drive, Euless, Texas 76039-3595 817/685-1400 • Metro 817/267-4403 • Fax 817/685-1416 www.eulesstx.gov 7 RISK MANAGEMENT & WORKERS COMPENSATION FUND This fund is used to account for the revenue and expenses applicable to providing workers' compensation coverage for all City employees, as well as, general liability and property coverage. The reserve in this fund is $1,000,000. SPECIAL REVENUE FUNDS Hotel/Motel Fund The Hotel/Motel Fund was established to account for a 7% hotel/motel occupancy tax allowed by the State of Texas. The tax is levied on the rental of a hotel/motel room within the City of Euless. Funds generated by this occupancy tax must be expended for items that qualify in accordance with state law including the promotion of tourism, programs which enhance the arts, historical restoration programs, and convention facilities. The hotel/motel tax receipts are projected to increase over the current year's budget due to the planned opening of three new hotels during the fiscal year. Historical preservation, conference center operations, and contractual rebates are included in the proposed budget. Capital expenses are proposed to fund a new wall system and hallway expansion at the Texas Star Conference Centre. Increased funding for Arbor Daze is included in the budget as well as new short-term rental management program. Half -Cent Sales Tax Fund — Euless Development Corporation (EDC) Euless citizens approved an additional 1/2¢ sales tax in 1993 that is restricted for parks, library, and economic development activities. Sales tax revenue projections assume a 6% increase over current budget. Proposed supplemental funding is included for a school resource officer program at the library. Recommended capital programs include transfers to CIP for miscellaneous parks projects and future projects identified in the updated Parks Master Plan. Other capital projects include funding for a mobile teaching kitchen, enhanced technology, and resilient flooring for the library. This budget maintains the required reserves equal to 60 days of working capital. Car Rental Tax Fund In November 1999, Euless citizens approved a 5% tax to be collected on all short-term motor vehicle rentals within the City limits. In the spring of 2000, the Dallas -Fort Worth International (DFW) Airport opened a consolidated car rental facility within Euless city limits. These funds are divided equally among Euless, Dallas, and Fort Worth per the requirements of a revenue sharing agreement established by the parties in FY1997-98. Revenue from car rentals continue to be strong. We expect revenues of $21,104,938 in FY2025-26 in the fund. 201 N. Ector Drive, Euless, Texas 76039-3595 817/685-1400 • Metro 817/267-4403 • Fax 817/685-1416 www.eulesstx.gov 8 Expenditures from this fund include a transfer to the General Fund equal to one-third of the City's share of the revenue. This transfer helps offset the amount needed from property taxes to support general government operations. Additionally, funding is included for the airport revenue sharing obligations and equipment replacement funding as mentioned previously. Capital funding for the aquatics park and natatorium improvements and a transfer to CIP for future projects are also included. The reserve level for this fund is $4,000,000 due the reliance on this funding for general government operations. CAPITAL IMPROVEMENT FUNDS A separate Capital Improvements Program (CIP) has been updated and will be distributed under separate cover. This comprehensive document provides a summary of all funded projects detailing project scope, justification, funding sources, future maintenance and operating costs, and expenses to -date. Unfunded projects are categorized as Priority A, B, or C. Priority A items are recommended in the upcoming budget year and funding sources have been identified. Priority B items are expected to be presented for funding consideration within a two to five year window. Priority C items have been identified, but will be introduced for funding consideration at some time beyond the five year window. Projects identified as Priority B are considered in multi -year financial planning. This Capital Improvements Plan is fluid and will be reviewed and updated annually based on infrastructure needs within the City. The FY2025-26 recommended Priority A projects include ongoing curb and gutter improvements to the drainage system; continued street improvements; a traffic signal at State Highway 10 and Dickey Drive; traffic signal improvements at Farm to Market 157 and Signet Drive; wastewater line replacements at Martin, Slaughter, E. Huitt, Oakwood Terrace North (Phases I &II), and Vine Street; water line replacement at Sagebrush Trail; a feasibility and programming study for a Euless Family Life Center expansion, Kiddie Carr Park improvements, batting cage redevelopment at the Parks at Texas Star South, and South Euless Park improvements. LONG-TERM DEBT The City has existing long-term debt issued for the acquisition and construction of major capital facilities, infrastructure, and equipment. A brief explanation of the various debt instruments is provided below: General Obligation Bonds — issued pursuant to voter authorization for infrastructure and facility projects. General Obligation Refunding Bonds — issued to refund existing General Obligation Bonds and Certificates of Obligations in order to lower the overall debt service requirements of the City. These bonds do not require voter authorization. 201 N. Ector Drive, Euless, Texas 76039-3595 817/685-1400 • Metro 817/267-4403 • Fax 817/685-1416 www.eulesstx.gov 9 Certificates of Obligation — similar to General Obligation bonded debt in usage, but do not require voter authorization and cannot be used for refunding existing debt. Water and Wastewater Revenue Bonds — issued to provide funds for certain improvements to the water and wastewater system as well as to refund prior water and wastewater debt issues. These bonds are reported in the Water and Wastewater Fund and will be repaid from revenues of this enterprise operation. Sales Tax Revenue Bonds — are used to finance library, park, and economic development projects as well as to refund prior sales tax revenue debt issues. Sales tax revenue bonds will be repaid from the half -cent sales tax revenues collected by the Euless Development Corporation. The City strives to utilize the long-term plan to maintain a stable Interest and Sinking (I&S) tax rate so as not to have undue volatility in the overall tax rate due to capital projects and debt issuance. Additional information relating to the City's currently outstanding debt is included in this book. No new issuances are planned for FY2025-26. CLOSING COMMENTS This proposed budget is focused on providing the resources to allow us to continue all current service levels while addressing inflationary impacts. We believe that this is a fiscally sound budget that meets our City's primary objectives including: maintaining financial integrity; providing public safety and health services to the community; employing high -quality professional personnel; maintaining the City's infrastructure; promoting quality development; providing quality leisure opportunities; and instilling a "sense of community" in residents. We will continue to be diligent in the use of City funds and will remain flexible to adapt to the changing conditions. We look forward to seeing you at the budget work session. Ily submitted, is :a er ity Manager 201 N. Ector Drive, Euless, Texas 76039-3595 817/685-1400 • Metro 817/267-4403 • Fax 817/685-1416 W5N1v.eulesstx.gov 10 EXECUTIVE SUMMARY GENERAL FUND FY 2025 Budgeted Resources $ 63,770,490 Less Use of Prior Year Reserves $ (6,887,970) FY 2025 Net Operating Revenues $ 56,882,520 Proposed Changes in Revenue Property Taxes $ 471,992 Sales Tax $ 1,082,216 Franchise Fees $ 120,896 Licenses and Permits $ 64,946 Fines and Fees $ 172,708 Contractual Services $ 44,122 Interest Income $ 123,584 Transfers $ 290,585 Other Changes $ (67,407) Subtotal: $ 2,303,642 FY 2026 Proposed Operating Revenues $ 59,186,162 FY 2025 Budgeted Expenses $ 63,757,737 Less Capital / One -Time Expenses $ (6,887,970) FY 2025 Net Operating Expenses $ 56,869,767 Proposed Changes in Expenses Salaries and Benefits $ 1,080,137 Rebates/Incentives $ 281,349 Professional/Technical $ 81,173 Utilities and Fees $ 84,845 Maintenance/Supplies $ 112,664 Equipment Replacement $ (231,315) Street Improvements $ 25,000 Other Changes $ 291,880 Subtotal: $ 1,725,733 FY 2026 Proposed Supplemental $ 550,236 FY 2026 Proposed Operating Expenses $ 59,145,736 Proposed Capital / One -Time Expenses Capital / One -Time Carryover Recommended Capital / One -Time Expenses $ 1,310,519 $ 10,017,325 FY 2026 Proposed Capital / One -Time Expenses $ 11,327,844 FY 2026 Proposed Budget $ 70,473,580 11 EXECUTIVE SUMMARY WATER & WASTEWATER FY 2025 Budgeted Resources Less Use of Prior Year Reserves $ 35,627,572 $ (657,752) FY 2025 Net Operating Revenues $ 34,969,820 Proposed Changes in Revenue Water Service $ 951,217 Wastewater Service $ 1,448,357 Reclaimed Water Service $ 71,608 Interest Income $ 110,771 Sanitation/Recycling/Penalties $ 9,098 Other Changes $ 11,157 Subtotal: $ 2,602,208 FY 2026 Proposed Operating Revenues $ 37,572,028 FY 2025 Budgeted Expenses Less Capital / One -Time Expenses $ 35,622,153 $ (657,752) FY 2025 Net Operating Expenses $ 34,964,401 Proposed Changes in Expenses Salaries and Benefits $ 322,982 TRA Payments $ 1,763,430 Reclaimed Water Purchases $ 38,541 Transfers $ 105,649 G&A/Franchise $ 261,222 Utilities and Fees $ 41,909 Maintenance $ 6,500 Other Changes $ 42,827 Subtotal: $ 2,583,060 FY 2026 Proposed Supplemental $ FY 2026 Proposed Operating Expenses $ 37,547,461 Proposed Capital / One -Time Expenses Capital / One -Time Carryover Recommended Capital / One -Time Expenses FY 2026 Proposed Capital / One -Time Expenses $ 205,862 $ 687,455 $ 893,317 FY 2026 Proposed Budget $ 38,440,778 12 EXECUTIVE SUMMARY CAR RENTAL FUND FY 2025 Budgeted Resources Less Use of Prior Year Reserves $ 29, 991,162 $ (9,512,972) FY 2025 Net Operating Revenues $ 20,478,190 Proposed Changes in Revenue Car Rental Taxes Transfer In Interest Income Subtotal: $ 1,325,986 $ (750,000) $ 50,762 $ 626,748 FY 2026 Proposed Operating Revenues $ 21,104,938 FY 2025 Budgeted Expenses Less Capital / One -Time Expenses $ 25,629,531 $ (9,512,972) FY 2025 Net Operating Expenses $ 16,116,559 Proposed Changes in Expenses DFW Rebate Transfer to General Fund Transfer to Equipment Replacement Subtotal: FY 2026 Proposed Operating Expenses Proposed Capital / One -Time Expenses Capital / One -Time Carryover Recommended Capital / One -Time Expenses FY 2026 Proposed Capital / One -Time Expenses FY 2026 Proposed Budget $ 883,991 $ 147,332 $ 37,719 $ 675,372 $ 4,350,000 $ 1,069,042 $ 17,185,601 $ 5,025,372 $ 22,210,973 13 Fund Balance Summary Estimated FY2024-25 and Budgeted FY2025-26 General and Internal Service Funds General 'Beginning Balance, FY25 $21,809,074 (per audit, FYE 2024) Insurance & Risk Mgmt. & Equipment Benefits Comps Replacement $7,985,262 $3,060,347 $25,695,801 FY25 Estimated Revenues 63,967,563 9,391,608 1,576,776 6,764,252 Total Available: 85,776,637 17,376,870 4,637,123 32,460,053 FY25 Estimated Expenses (56,869,767) (9,278,882) (1,462,444) (6,019,666) Proposed Budget Adjustment (569,575) 0 0 0 Capital / One -Time Expenses (5,577,451) (45,300) 0 (2,714,092) Total Projected Expenses: (63,016,793) (9,324,182) (1,462,444) (8,733,758) 'Estimated Ending Balance FY25 22,759,844 8,052,688 3,174,679 23,726,295 FY26 Budgeted Revenues 59,186,162 10,412,760 1,659,863 7,544,452 Total Available: 81,946,006 18,465,448 4,834,542 31,270,747 FY26 Budgeted Expenses (59,145,736) (10,275,982) (1,659,356) (6,717,112) Capital Carryover (1,310,519) (38,700) 0 0 Capital / One -Time Expenses (10,017,325) (42,443) (1,971) 0 Total Projected Expenses: (70,473,580) (10,357,125) (1,661,327) (6,717,112) Projected Ending Balance, FY26 11,472,426 8,108,323 3,173,215 24,553,635 Less: Designated Reserve (209.294) 0 0 0 Adjusted Ending Balance 11,263,132 8,108,323 3,173,215 24,553,635 Recommended Reserve Levels per Fiscal Policy: 9.722.587 3,128,445 1.000.000 24.553.635 Available for Supplemental: 40,426 136,778 507 827,340 Available for Capital / One -Time: 1,500,119 4,843,100 2,172,708 (827,340) Total Available 1,540,545 4,979,878 2,173,215 0 14 Fund Balance Summary Estimated FY2024-25 and Budgeted FY2025-26 Special Revenue Funds 'Beginning Balance, FY25 (per audit, FYE 2024) FY25 Estimated Revenues Total Available: FY25 Estimated Expenses Proposed Budget Adjustment Capital / One -Time Expenses Total Projected Expenses: 'Estimated Ending Balance FY25 FY26 Budgeted Revenues Total Available: FY26 Budgeted Expenses Capital Carryover Capital / One -Time Expenses Total Projected Expenses: Projected Ending Balance, FY26 Less: Designated Reserve Adjusted Ending Balance Hotel/ Juvenile Motel Case $2,593,201 $252,130 1.529.160 65,327 4,122,361 317,457 (1,516,645) (328,392) 0 (284.390) 0 (2.129.427) 1,992,934 289,018 (28,439) (28,439) 1,674,688 54,757 3,667,622 343,775 (1,670,772) (88,000) (758.000) (2,516,772) 1,150,850 0 1,150,850 Recommended Reserve Levels per Fiscal Policy: Available for Supplemental: Available for Capital / One -Time: Total Available 274,647 3,916 872,287 876,203 (52,668) (11,421) (767) (64,856) 278,919 0 278,919 8,658 2,089 268,172 270,261 EDC 1/2 Cent Sales Tax $7,220,259 8.033.764 15,254,023 (5,911,934) 0 (5.210.769) (11.122.703) 4,131,320 7.980.055 12,111,375 (5,819,762) (874,483) (2.921.806) (9.616.051) 2,495,324 0 2,495,324 956,673 2,160,293 (621.6421 1,538,651 CCPD 1/4 Cent Sales Tax $1,419,910 3.829.870 5,249,780 (3,480,136) (39,167) (178.600) (3.697.903) 1,551,877 3.819.556 5,371,433 (3,796,319) (39,167) (813.101) (4,648,587) 722,846 0 722,846 Car Rental $11,077,049 22.062.013 33,139,062 (16,116,559) (1,393,270) (8.837.600) (26.347.429) 6,791,633 21,104.938 27,896,571 (17,185,601) (675,372) (4,350,000) (22,210,973) 5,685,598 0 5,685,598 624,052 4.000.000 23,237 3,919,337 75,557 (2.233.7391 98,794 1,685,598 15 Fund Balance Summary Estimated FY2024-25 and Budgeted FY2025-26 Special Revenue Funds (continued) Elementary Police Glade Glade Cable Police School Midtown Midtown Grant Seized Parks PID Parks PEG Drug Resource PID TIRZ Assets #1 TIRZ Fee Officers !Beginning Balance, FY25 $681,333 $0 $0 $190,963 $750,000 $6,164,083 $669,073 ($31,972) $1,138,109 (per audit, FYE 2024) FY25 Estimated Revenues 85,857 2.310.000 1.235.291 5 873 0 2.675.272 72,926 160.822 996.885 Total Available: 767,190 2,310,000 1,235,291 196,836 750,000 8,839,355 741,999 128,850 2,134,994 FY25 Estimated Expenses (220,000) (2,269,080) (1,235,291) (51,020) (750,000) (1,132,325) (75,000) (158,518) (942,504) Proposed Budget Adjustment 0 0 0 0 0 0 0 0 0 Capital / One -Time Expenses 0 0 0 0 0 (6.321.983) (24,600) 0 0 Total Projected Expenses: (220,000) (2.269.080) (1.235.291) (51,020) (750,000) (7.454.308) (99,600) (158,518) (942,504) !Estimated Ending Balance FY25 FY26 Budgeted Revenues 547,190 40,920 O 145,816 0 1,385,047 642,399 (29,668) 1,192,490 43,901 2 482 626 1 366 279 4 699 Total Available: 591,091 2,523,546 1,366,279 150,515 O 2,681,722 65.541 141,760 1 001 337 O 4,066,769 707,940 112,092 2,193,827 FY26 Budgeted Expenses (320,000) (2,482,626) (1,366,279) (50,699) 0 (247,746) (22,250) (139,456) (962,621) Capital Carryover 0 0 0 0 0 0 0 0 0 Capital / One -Time Expenses 0 0 0 0 0 0 (90,235) 0 0 Total Projected Expenses: (320,000) (2.482.626) (1.366.279) (50 699) 0 (247,746) (112,485) (139 456) (962 621) Projected Ending Balance, FY26 271,091 40,920 0 99,816 0 3,819,023 595,455 (27,364) 1,231,206 Less: Designated Reserve 0 0 0 0 0 0 0 0 0 Adjusted Ending Balance 271,091 40,920 0 99,816 0 3,819,023 595,455 (27,364) 1,231,206 Recommended Reserve Levels per Fiscal Policy: 0 0 0 0 0 0 0 0 0 Available for Supplemental: (276,099) 0 0 (46,000) 0 2,433,976 43,291 2,304 38,716 Available for Capital / One -Time: 547,190 40,920 0 145,816 0 1,385,047 552,164 (29,668) 1,192,490 Total Available 271,091 40,920 0 99,816 0 3,819,023 595,455 (27,364) 1,231,206 16 Fund Balance Summary Estimated FY2024-25 and Budgeted FY2025-26 Enterprise Funds !Beginning Balance, FY25 (per audit, FYE 2024) FY25 Estimated Revenues Total Available: FY25 Estimated Expenses Capital / One -Time Expenses Total Projected Expenses: !Estimated Ending Balance FY25 FY26 Budgeted Revenues Total Available: FY26 Budgeted Expenses Capital Carryover Capital / One -Time Expenses Total Projected Expenses: Projected Ending Balance, FY26 Less: Designated Reserve Adjusted Ending Balance Water & Service Wastewater Center $9,217,723 $409,443 Drainage Utility System Recreation Arbor Classes Daze $398,295 $773,063 $93 35.124.291 1.489.076 1.212.337 44,342,014 1,898,519 1,610,632 (34,964,401) (1,489,076) (1,270,060) (451,890) 0 0 (35.416.291) (1.489.076) (1.270.060) 8,925,723 409,443 340,572 37.572.028 1.569.855 1.507.483 46,497,751 1,979,298 1,848,055 (37,547,461) (1,569,855) (1,314,648) (205,862) 0 0 (687,455) (143,407) (181,342) (38.440.778) (1.713.262) (1.495.990) 8,056,973 266,036 352,065 0 0 0 8,056,973 266,036 352,065 Recommended Reserve Levels per Fiscal Policy: Available for Supplemental: Available for Capital / One -Time: Total Available 7,715.232 0 270,133 24,567 0 192,835 317,174 266,036 (110,903) 341,741 266,036 81,932 701,005 201,608 1,474,068 201,701 (567,209) (200,000) (22,000) 0 (589,209) (200,000) 884,859 1,701 660,418 250.000 1,545,277 251,701 (579,802) 0 0 0 0 (250,000) (579,802) (250,000) 965,475 1,701 0 0 965,475 1,701 119,137 0 80,616 250,000 765,722 (248,299) 846,338 1,701 Texas Star Golf Parks at Texas Star $2,078,038 $924,078 5.663.507 7,741,545 (5,647,329) (377,763) (6.025.092) 1.294.642 2,218,720 (1,162,954) (100, 000) (1.262.954) 1,716,453 955,766 I 6.179.205 1.352.834 7,895,658 2,308,600 (5,977,960) 0 (140, 901) (6.118.861) (1,204,775) 0 (13,260) (1.218.035) 1,776,797 1,090,565 0 0 1,776,797 1,090,565 1.228.348 247,557 201,245 148,059 347,204 694,949 548,449 843,008 17 Fund Balance Summary Estimated FY2024-25 and Budgeted FY2025-26 Debt Service Funds 'Beginning Balance, FY25 (per audit, FYE 2024) FY25 Estimated Revenues Total Available: FY25 Estimated Expenses Proposed Budget Adjustment Total Projected Expenses: 'Estimated Ending Balance FY25 FY26 Budgeted Revenues Total Available: FY26 Budgeted Expenses Capital / One -Time Expenses Total Projected Expenses: Projected Ending Balance, FY26 Less: Designated Reserve Adjusted Ending Balance Stars Center Debt $2,816,323 $135,735 14.303.901 783.492 17,120,224 919,227 (14,157,299) (982,891) 0 0 (14,157,299) (982,891) 2,962,925 (63,664) 7,240,528 68,485 10,203,453 4,821 (7,094,166) 0 0 0 (7.094.166) 0 3,109,287 4,821 (779.3801 0 2,329,907 4,821 G.O.Debt Service Recommended Reserve Levels per Fiscal Policy: Available for Supplemental: Available for Capital / One -Time: Total Available 591.181 0 146,362 68,485 1.592.364 (63.664) 1,738,726 4,821 EDC 1/2 Cent Sales Tax Debt $24,397 407.336 431,733 (402,075) 0 (402.075) 29,658 403,872 433,530 (397,976) 0 (397.976) 35,554 0 35,554 5,896 29,658 35,554 Water & Wastewater Debt Texas Star Golf Course Debt $615,928 $62,381 1.076.660 1,692,588 (1,076,660) 0 (1.076.660) 615,928 1,069,201 1,685,129 (1,073,502) 0 (1.073.502) 611,627 0 611,627 (4,301) 615,928 611,627 1,759,542 1,821,923 (1,776,669) (45.254) (1,821,923) 0I 0 0 0 0 0 0 0 0 0 0 0 0 18 !Beginning Balance, FY25 (per audit, FYE 2024) Fund Balance Summary Estimated FY2024-25 and Budgeted FY2025-26 Reserve Funds General Emergency / Contingency Reserves 1,500,000 FY25 Estimated Revenues 0 Total Available: 1,500,000 FY25 Estimated Expenses Proposed Budget Adjustment Capital / One -Time Expenses Total Projected Expenses: !Estimated Ending Balance FY25 EDC 1/2 Cent Sales Tax Debt Reserve Water & Midtown Wastewater Bond Debt & Reserve Emergency Reserve $401,125 $999,725 $1,215,087 0 0 0 401,125 999,725 1,215,087 0 0 0 (19,788) 0 0 0 0 0 0 0 0 0 0 0 (19,788) 1,500,000 401,125 999,725 1,195,299 FY26 Budgeted Revenues 0 Total Available: 1,500,000 FY26 Budgeted Expenses Capital / One -Time Expenses Total Projected Expenses: Projected Ending Balance, FY26 Less: Designated Reserve Adjusted Ending Balance 0 0 0 1,500,000 (1,500,0001 0 Recommended Reserve Levels per Fiscal Policy: Available for Supplemental: Available for Capital / One -Time: Total Available 0 0 0 0 0 0 0 401,125 999,725 1,195,299 0 0 0 (475) 0 (15,765) (475) 0 (15,765) 400,650 999,725 1,179,534 1400 650) (999,7251 (1.179.5341 0 0 0 0 0 0 0 0 0 0 0 0 Water & Wastewater Rate Stabilization Reserve $4,522,103 446,102 4,968,205 (713,822) 0 0 (713,822) 4,254,383 84,251 4,338,634 (698,264) 0 (698,264) 3,640,370 0 3,640,370 0 0 (614,013) O 4.254.383 0 3,640,370 Texas Star Sports Complex Reserve Texas Star Golf Course Reserve $445,027 $780,317 19,251 0 464,278 780,317 0 0 (19,880) 0 (444,398) (780,317) (464,278) (780,317) 0 0! O 0 O 0 O 0 O 0 O 0 0 0 0 0 0 0 0 0 O 0 0 0 19 Where Does The Money Come From? FY2025-2026 Risk/WC 1% Insurance 6% Golf 3% W&WW 21% Debt 5% Other 11% EDC General 34% Car Rental 12% CCPD 2% 5% Budgeted FY2024-2025 Proposed FY2025-2026 Use of Use of Revenue Reserves Revenue Reserves General $ 56,882,520 $ 6,887,970 $ 59,186,162 $ 11,327,844 Hotel/Motel $ 1,520,455 $ 372,390 $ 1,674,688 $ 846,000 Juvenile Case $ 52,631 $ 11,421 $ 54,757 $ 12,188 EDC'/¢ Sales Tax $ 7,503,154 $ 6,085,252 $ 7,980,055 $ 3,796,289 CCPD'/4¢ Sales Tax $ 3,481,553 $ 178,600 $ 3,819,556 $ 852,268 Police Seized Assets Fund $ 5,873 $ 45,147 $ 4,699 $ 46,000 Police Drug Fund $ 51,606 $ 168,394 $ 43,901 $ 276,099 Elementary SRO Fund $ 2,310,000 $ $ 2,482,626 $ Grant Fund $ 1,235,291 $ $ 1,366,279 $ Car Rental $ 20,478,190 $ 9,512,972 $ 21,104,938 $ 5,025,372 Glade Parks PID $ - $ 750,000 $ $ Glade Parks TIRZ $ 2,739,028 $ 6,321,983 $ 2,681,722 $ Cable PEG Fund $ 76,928 $ 24,600 $ 65,541 $ 90,235 Midtown PID $ 160,822 $ $ 141,760 $ Midtown TIRZ $ 996,885 $ $ 1,001,337 $ Water & Wastewater $ 34,969,820 $ 657,752 $ 37,572,028 $ 893,317 Service Center $ 1,489,076 $ $ 1,569,855 $ 143,407 Drainage Utility $ 1,274,499 $ $ 1,507,483 $ 181,342 Recreation Classes $ 632,095 $ 22,000 $ 660,418 $ Arbor Daze $ 200,000 $ $ 250,000 $ Texas Star Golf Course (TSGC) $ 5,651,184 $ 377,763 $ 6,179,205 $ 140,901 Parks at Texas Star (PATS) $ 1,280,859 $ 100,000 $ 1,352,834 $ 13,260 Equip. Replacement $ 6,675,618 $ $ 7,544,452 $ Insurance $ 9,391,608 $ 84,000 $ 10,412,760 $ 81,143 Risk/WC $ 1,532,586 $ $ 1,659,863 $ 1,971 General Obligation Debt $ 14,129,688 $ 27,611 $ 7,240,528 $ 1,300 Star Center Debt $ 780,377 $ 267,251 $ 68,485 $ EDC Debt $ 406,851 $ $ 403,872 $ Water & Wastewater Debt $ 1,076,660 $ $ 1,069,201 $ 4,301 TSGC Debt $ 1,714,351 $ 62,318 $ $ - TOTAL $ 178,700,208 $ 31,957,424 $ 179,099,005 $ 23,733,237 Schedule includes operating and debt funds and excludes CIP and reserve funds. 20 Where Does The Money Go? FY2025-2026 Insurance 6% Golf 4% 1 23% Debt Risk/WC 5% 1% Other 10% Car Rental CCPD EDC 10% 2% 3% General 36% Fund Budgeted FY2024-2025 Proposed FY2025-2026 Operating Capital / Operating Capital / Expenses One -Time Expenses One -Time General $ 56,869,767 $ 6,887,970 $ 59,145,736 $ 11,327,844 Hotel/Motel $ 1,516,645 $ 372,390 $ 1,670,772 $ 846,000 Juvenile Case $ 28,439 $ 11,421 $ 52,668 $ 12,188 EDC'h¢ Sales Tax $ 5,911,934 $ 6,085,252 $ 5,819,762 $ 3,796,289 CCPD'/4¢ Sales Tax $ 3,480,136 $ 178,600 $ 3,796,319 $ 852,268 Police Seized Assets Fund $ 51,020 $ $ 50,699 $ Police Drug Fund $ 220,000 $ $ 320,000 $ Elementary SRO Fund $ 2,269,080 $ $ 2,482,626 $ Grant Fund $ 1,235,291 $ $ 1,366,279 $ Car Rental $ 16,116,559 $ 9,512,972 $ 17,185,601 $ 5,025,372 Glade Parks PID $ 750,000 $ $ - $ Glade Parks TIRZ $ 1,132,325 $ 6,321,983 $ 247,746 $ Cable PEG Fund $ 75,000 $ 24,600 $ 22,250 $ 90,235 Midtown PID $ 158,518 $ $ 139,456 $ Midtown TIRZ $ 942,504 $ $ 962,621 $ Water & Wastewater $ 34,964,401 $ 657,752 $ 37,547,461 $ 893,317 Service Center $ 1,489,076 $ $ 1,569,855 $ 143,407 Drainage Utility $ 1,272,175 $ $ 1,314,648 $ 181,342 Recreation Classes $ 567,209 $ 22,000 $ 579,802 $ Arbor Daze $ $ 200,000 $ 250,000 $ Texas Star Golf Course (TSGC) $ 5,647,329 $ 377,763 $ 5,977,960 $ 140,901 Parks at Texas Star (PATS) $ 1,162,954 $ 100,000 $ 1,204,775 $ 13,260 Equip. Replacement $ 6,019,666 $ 2,714,092 $ 6,717,112 $ - Insurance $ 9,278,882 $ 84,000 $ 10,275,982 $ 81,143 Risk/WC $ 1,462,444 $ $ 1,659,356 $ 1,971 General Obligation Debt $ 7,835,316 $ 6,321,983 $ 7,094,166 $ Star Center Debt $ 715,640 $ $ - $ EDC Debt $ 402,075 $ $ 397,976 $ Water & Wastewater Debt $ 1,076,660 $ $ 1,073,502 $ TSGC Debt $ 591,572 $ 1,185,097 $ - $ TOTAL $ 163,242,617 $ 41,057,875 $ 168,925,130 $ 23,405,537 Schedule includes operating and debt funds and excludes CIP and reserve funds. 21 General Fund Revenues FY2025-2026 Property Taxes 41% Miscellaneous 2% General Fund Revenues Property Taxes Prior Year Property Taxes Penalties & Interest Sales Tax Additional Sales Tax Mixed Drink Tax Electric Franchise Gas Franchise Telephone Franchise Sanitation Service Recycling Franchise Fee Cable Franchise Fee W&WW Franchise Tax Other Permits Health Permits Fire Permits Contractor Regulatory License Minimum Housing Misc. Permits and Fees Building Permits Aquatics Auto Theft Task Force Grant School Resource Officers Municipal Court Library Fees Ambulance Fees Alarm Revenue Jail Revenue Interest Income Miscellaneous Tower Lease Betterment/Contributions Transfers TOTAL REVENUES Use of Reserves TOTAL RESOURCES Transfers 7% Interest 1% Sales & Uses Taxes 32% Fines & Fees 8% Licenses/Permits 1% Franchise Fees 8% Proposed Actual Budget Estimated Budget FY 24 FY 25 FY 25 FY 26 $ 21,563,575 $ 23,459,205 $ 23,033,166 $ 23,931,197 $ $ (286,931) $ - $ (97,496) $ - $ $ 30,778 $ 75,000 $ 75,000 $ 75,000 $ $ 14,037,603 $ 14,117,777 $ 15,029,024 $ 14,980,595 $ $ 3,634,349 $ 3,652,242 $ 3,874,333 $ 3,871,640 $ $ 213,322 $ 215,340 $ 235,546 $ 221,403 $ $ 1,721,470 $ 1,692,266 $ 1,666,543 $ 1,683,691 $ $ 567,351 $ 606,269 $ 598,646 $ 603,296 $ $ 75,391 $ 71,550 $ 66,121 $ 66,121 $ $ 368,596 $ 368,000 $ 366,795 $ 368,000 $ $ 33,874 $ 34,956 $ 34,823 $ 35,687 $ $ 181,734 $ 133,644 $ 144,510 $ 140,175 $ $ 1,665,553 $ 1,747,990 $ 1,747,990 $ 1,878,601 $ $ 7,976 $ 19,000 $ - $ - $ $ 105,985 $ 86,800 $ 89,270 $ 95,402 $ $ 133,690 $ 67,600 $ 137,355 $ 112,079 $ $ 38,800 $ 42,955 $ 37,700 $ 39,133 $ $ 59,073 $ 56,245 $ 74,889 $ 74,889 $ $ 53,192 $ 40,322 $ 56,802 $ 56,365 $ $ 1,967,413 $ 300,000 $ 5,176,420 $ 300,000 $ $ 270,918 $ 280,476 $ 280,476 $ 275,612 $ $ 101,111 $ 95,000 $ 95,000 $ 95,000 $ $ 460,731 $ 490,917 $ 490,917 $ 490,917 $ $ 1,724,771 $ 1,763,783 $ 2,124,442 $ 1,851,851 $ $ 34,146 $ 16,873 $ 35,900 $ 29,423 $ $ 1,218,619 $ 1,090,475 $ 1,199,460 $ 1,169,441 $ $ 117,897 $ 106,548 $ 98,555 $ 104,536 $ $ 1,128,723 $ 1,390,316 $ 1,390,316 $ 1,434,438 $ $ 1,276,816 $ 341,793 $ 969,535 $ 465,377 $ $ 528,059 $ 130,821 $ 411,469 $ 54,450 $ $ 493,645 $ 433,999 $ 433,999 $ 446,500 $ $ 10,562 $ 15,000 $ 5,482 $ 5,400 $ $ 3,682,112 $ 3,939,358 $ 4,084,575 $ 4,229,943 $ $ 57,220,904 $ 56,882,520 $ 63,967,563 $ 59,186,162 $ $ - $ 6,887,970 $ - $ 11,327,844 $ $ 57,220,904 $ 63,770,490 $ 63,967,563 $ 70,514,006 $ FY25 Budget to FY26 Proposed $ Diff % Diff. 471,992 2% - 0% 0% 6% 6% 3% (1%) (0%) 862,818 219,398 6,063 (8,575) (2,973) (5,429) 731 6,531 130,611 (19,000) 8,602 44,479 (3,822) 18,644 16,043 (4,864) 88,068 12,550 78,966 (2,012) 44,122 123,584 (76,371) 12,501 (9,600) 290,585 2,303,642 4,439,874 6,743,516 (8%) 0% 2% 5% 7% (100%) 10% 66% (9%) 33% 40% 0% (2%) 0% 0% 5% 74% 7% (2%) 3% 36% (58%) 3% (64%) 7% 4% 64% 11% 22 TAX RATE SCENARIOS As Computed from July 2025 Estimated Tax Roll Fiscal Year Total Tax Rate Debt Tax Rate M & 0 Tax Rate Est. Assessed Valuation (a) $7, Adj. Net Taxable Value Assessed (b) $6, Est. TIF Increment Value (c) Total Debt Debt Paid by other Sources Taxable Debt Service Debt Revenue Ceiling Revenues Prior Year Debt Revenue Increase (Decrease) in Debt Revenue M&O Revenue - General Fund Ceiling Revenues Total General Fund Tax Revenue Prior Year M&O Revenue Increase (Decrease) in M&O Revenue Total Increase in Tax Revenue 2024-25 0.446700 0.081411 0.365289 309,358,692 252,613,555 390,920,482 $7,831,392 ($2,128,637) $5,702,755 $5,090,315 $324,652 $5,591,800 ($176,833) $22,002,498 $1,456,707 $23,459,205 $21,892,546 Revenue at No -New -Revenue Rate Fiscal Year 2025-26 Revenue at Proposed Rate $7,155,037,274 $6,878,034,114 416,256,428 $7,094,166 ($1,591,652) $5,502,514 $5,090,315 0.446700 0.088513 0.358187 $7,155,037,274 6,878, 034,114 416,256,428 $ 7,094,166 $ (1,591,652) $5,502,514 $6,087,979 $409,257 $5,090,315 Revenue at Voter -Approval Rate— $7,155,037,274 $6,878,034,114 416,256,428 $7,094,166 ($1,591,652) $5,502,514 * $5,090,315 * $1,406,921 * $22,275,057 * $1,656,140 * $23,931,197 $23,459,205 $23,459,205 $23,459,205 $1,566,659 * $471,992 $1,389,826 * $1,878,913 (a) Assessed Valuation is the estimated Net Taxable Value from T.A.D. plus minimum value of ARB and estimate of incomplete property. This is an early estimate. Will be revised after Tarrant Appraisal District Certification on July 25, 2025. (b) Adj. Net Taxable Value Assessed = Assessed Value less estimated TIF increment $416,256,428 and authorized ceiling estimate $751,831,904. These values are based on early July 2025 estimates. Will be revised after Tarrant Appraisal District Certification on July 25, 2025. (c) TIF = Tax Increment Finance zone increment taxable value increase contracted at 75% ($555,008,571 @ 75% = $416,256,428). These values are based on early July 2025 estimates. Will be revised after Tarrant Appraisal District Certification on July 25, 2025. Note: Under these circumstances each penny of tax equals approximately $674,047 ($6,878,034,114*.01*.98/100 = $674,047). M&O Revenues are at a collection rate of approximately 98%. Debt Revenues are at 100% collections. M&O = Maintenance and Operations * Unknown value for FY26. Will be revised after Tarrant Appraisal District Certification on July 25, 2025. 23 General Fund Expenditures FY2025-2026 PACS Public Works 5% 6% Finance 0 Admin Srvcs 7% Non -Depart. 11% Development 1% Capital / One -Time 16% Fire 21% City Admin 2% Police 28% General Fund Expenditures City Council City Administration City Secretary Communications/Marketing Total - City Administration Finance/Budget Municipal Court Accounting Purchasing Proposed FY25 Budget to Actual Budget Estimated Budget FY26 Proposed FY 24 FY 25 FY 25 FY 26 $ Diff % Diff. $ 18,517 $ 31,500 $ 31,500 $ 31,500 $ - 0% $ 733,230 $ 749,564 $ 749,564 $ 773,137 $ 23,573 3% $ 502,971 $ 540,178 $ 540,178 $ 569,579 $ 29,401 5% $ 2,834 $ 21,350 $ 21,350 $ 16,700 $ (4,650) (22%) $ 1,257,552 $ 1,342,592 $ 1,342,592 $ 1,390,916 $ 48,324 4% $ 301,121 $ 341,020 $ 341,020 $ 320,801 $ (20,219) (6%) $ 848,619 $ 935,761 $ 935,761 $ 978,122 $ 42,361 5% $ 423,436 $ 493,947 $ 493,947 $ 571,639 $ 77,692 16% $ 117,384 $ 121,690 $ 121,690 $ 125,800 $ 4,110 3% Total - Finance $ 1,690,560 $ 1,892,418 $ 1,892,418 $ 1,996,362 $ 103,944 5% Emergency Management $ 153,673 $ 172,550 $ 172,550 $ 176,406 $ 3,856 2% Police Code Comp/Comm Svcs $ 2,549,491 $ 2,638,219 $ 2,638,219 $ 2,734,497 $ 96,278 4% Police Administration $ 1,425,452 $ 1,547,646 $ 1,547,646 $ 1,646,011 $ 98,365 6% Police Patrol $ 6,632,147 $ 7,179,983 $ 7,179,983 $ 7,210,337 $ 30,354 0% Police CID $ 2,736,363 $ 2,964,380 $ 2,964,380 $ 3,083,874 $ 119,494 4% Police Service $ 2,768,295 $ 2,914,954 $ 2,914,954 $ 3,020,683 $ 105,729 4% Police Detention $ 1,679,053 $ 2,084,810 $ 2,084,810 $ 2,139,261 $ 54,451 3% Total -Police $ 17,944,474 $ 19,502,542 $ 19,502,542 $ 20,011,069 $ 508,527 3% Fire Marshal/Education $ 634,713 $ 697,737 $ 697,737 $ 745,933 $ 48,196 7% Fire Administration $ 676,341 $ 714,594 $ 714,594 $ 725,400 $ 10,806 2% EMS/Suppression $ 11,795,721 $ 12,608,596 $ 12,608,596 $ 13,336,443 $ 727,847 6% Total -Fire $ 13,106,775 $ 14,020,927 $ 14,020,927 $ 14,807,776 $ 786,849 6% $ 1,252,254 $ 1,639,233 $ 1,639,233 $ 1,788,893 $ 149,660 9% $ 497,944 $ 568,242 $ 568,242 $ 601,916 $ 33,674 6% $ 1,494,557 $ 1,474,520 $ 1,474,520 $ 1,581,225 $ 106,705 7% $ 1,036,639 $ 1,064,039 $ 1,064,039 $ 1,051,781 $ (12,258) (1%) $ 4,281,394 $ 4,746,034 $ 4,746,034 $ 5,023,815 $ 277,781 6% $ 396,943 $ 420,846 $ 420,846 $ 416,031 $ (4,815) (1%) $ 496,882 $ 572,932 $ 572,932 $ 592,155 $ 19,223 3% Total -Development $ 893,825 $ 993,778 $ 993,778 $ 1,008,186 $ 14,408 1% $ 755,467 $ 860,978 $ 860,978 $ 837,706 $ (23,272) (3%) $ 1,615,548 $ 1,730,721 $ 1,730,721 $ 1,715,147 $ (15,574) (1%) $ 147,427 $ 198,512 $ 198,512 $ 200,512 $ 2,000 1% $ 282,547 $ 299,310 $ 299,310 $ 312,467 $ 13,157 4% $ 100,333 $ 117,250 $ 117,250 $ 121,518 $ 4,268 4% $ 2,901,322 $ 3,206,771 $ 3,206,771 $ 3,187,350 $ (19,421) (1%) $ 3,017,783 $ 3,270,829 $ 3,270,829 $ 3,149,735 $ (121,094) (4%) $ 465,483 $ 552,181 $ 552,181 $ 772,282 $ 220,101 40% $ 184,198 $ 207,388 $ 207,388 $ 97,597 $ (109,791) (53%) $ 3,667,464 $ 4,030,398 $ 4,030,398 $ 4,019,614 $ (10,784) (0%) $ 173,525 $ 240,000 $ 240,000 $ 240,000 $ - 0% $ 3,926,454 $ 6,879,707 $ 7,383,282 $ 7,450,648 $ 570,941 8% $ 10,921 $ 14,600 $ 14,600 $ 10,000 $ (4,600) (32%) Total - Non -Depart. $ 4,110,900 $ 7,134,307 $ 7,637,882 $ 7,700,648 $ 566,341 8% Total Operating Expenses $ 49,854,266 $ 56,869,767 $ 57,373,342 $ 59,145,736 $ 2,275,969 4% Capital / One -Time $ 8,621,068 $ 6,887,970 $ 5,643,451 $ 11,327,844 $ 4,439,874 64% Total Expenses $ 58,475,334 $ 63,757,737 $ 63,016,793 $ 70,473,580 $ 6,715,843 11% Information Services Human Resources Facility Maintenance Library Total - Administrative Services Planning & Development Inspection Services Recreation Parks Aquatics Senior Center Recreation Admin. Total -Parks & Comm Srvcs Street Maintenance Animal Control City Engineer Total - Public Works Legal Services Non -Departmental Betterment 24 Water & Wastewater Revenues FY2025-2026 Y Sanitation 2% 1% Wastewater 37% Other (1) Rec ciinry 2% Penalties 1% 1 Reclaimed Water 3% Water 54% The above graph shows the sources of revenues in the Water & Wastewater Fund which are generated by services provided to the citizens of Euless for recycling, sanitation, water and wastewater. The "Other" amount represents 2% of total revenues and is an aggregate of several revenue sources as indicated in the table below. Water & Wastewater Revenues Interest Income(') Sanitation Water Service Wastewater Service Reclaimed Water Service New Meters(') Reconnect Fees(') Inspection Fees(') Miscellaneous(') Penalties Initiations/Transfer Fees(1) Recycling Fees Use of Rate Stabilization Rate Stabilization Rebate TOTAL REVENUES Use of Reserves TOTAL RESOURCES Proposed Actual Budget Estimated Budget FY 24 FY 25 FY 25 FY 26 $ 674,782 $ 247,204 $ 483,750 $ 357,975 $ 309,938 $ 290,000 $ 314,795 $ 307,821 $ 18,131,512 $ 19,485,619 $ 19,485,619 $ 20,436,836 $ 11,851,372 $ 12,543,416 $ 12,543,416 $ 13,991,773 $ 800,868 $ 1,032,521 $ 810,655 $ 1,104,129 $ 16,978 $ 15,000 $ 17,347 $ 15,000 $ 298,550 $ 247,000 $ 250,380 $ 264,513 $ 218,840 $ 50,000 $ 180,097 $ 45,000 $ 53,106 $ 47,000 $ 60,938 $ 47,000 $ 284,295 $ 331,000 $ 293,752 $ 312,231 $ 25,815 $ 26,106 $ 24,590 $ 24,750 $ 645,003 $ 654,954 $ 658,952 $ 665,000 $ 445,689 $ 713,822 $ 713,822 $ 698,264 $ (445,689) $ (713,822) $ (713,822) $ (698,264) $ 33,311,059 $ 34,969,820 $ 35,124,291 $ 37,572,028 $ - $ 657,752 $ 451,890 $ 893,317 $ 33,311,059 $ 35,627,572 $ 35,576,181 $ 38,465,345 FY25 Budget to FY26 Proposed $ Diff % Diff. 110,771 45% 17,821 6% 951,217 1,448,357 71,608 - 0% 17,513 7% (5,000) (10%) - 0% (18,769) (6%) (1,356) 10,046 (15,558) 15,558 2,602,208 235,565 2,837,773 5% 12% 7% (5%) 2% (2%) (2%) 7% 36% 8% The above chart details revenues for the past, current, and upcoming fiscal years, as well as expected increases and decreases in service fee collections within the past year. The Water and Wastewater revenues are generated primarily from user charges for the variety of services provided to the citizens of Euless. Water Service revenues fluctuate seasonally and can be drastically affected by an extended period of drought or rainfall. (1) Water & Wastewater Revenue line items are aggregated in graph under "Other" 25 WATER SERVICE RATES Current Rates: Meter Charge: Meter Size (inches) 5/8-3/4 1 1 1/2 2 3 4 5 6 Monthly Charae $ 14.75 $ 17.24 $ 24.15 $ 40.01 $ 81.40 $ 143.50 $ 226.28 $ 322.87 Residential Volume Charge per 1,000 gallons (tgals) Tiered Rates 0-2 tgals 3-8 tgals 9-15 tgals 16-35 tgals Over 35 tgals 5.67 6.60 7.17 7.70 8.30 single Family Residential Kate Stabilization Ketund: 75¢ per 1,000 (tgals) up to 15 tgals/monthly Estimated total refund © 75¢/tgal Estimated refund volume in tgals: $ 713,822 951,763 Refund not applicable to irrigation meters Irrigation Volume Charge per 1,000 gallons (tgals) Tiered Rates 0-2 tgals 3-8 tgals 9-15 tgals 16-35 tgals Over 35 tgals 6.93 6.93 7.17 7.70 8.30 Other Volume Charges per 1,000 gallons (tgals) Commercial & Multi -family Fire Hydrant & Gas Wells Supplemental Irrigation Reclaimed Volume Charge per 1,000 gallons (tgals) Non -Boosted $ 2.38 Boosted Tiered Rates 0-8 tgals $ 9-15 tgals $ 16-35 tgals $ Over 35 tgals $ Proposed Rates: Meter Charge: Meter Size (inches) 5/8-3/4 1 1 1/2 2 3 4 5 6 Monthly Charge $ 15.75 $ 18.41 $ 25.79 $ 42.72 $ 86.92 $ 153.23 $ 241.62 $ 344.76 Residential Volume Charge per 1,000 gallons (tgals) Tiered Rates 0-2 tgals 3-8 tgals 9-15 tgals 16-35 tgals Over 35 tgals 6.14 7.07 7.64 8.17 8.77 single Family Residential Kate Stabilization Ketund: 75¢ per 1,000 (tgals) up to 15 tgals/monthly Estimated total refund @ 75¢/tgal Estimated refund volume in tgals: Refund not applicable to irrigation meters Irrigation Volume Charge per 1,000 gallons (tgals) Tiered Rates 0-2 tgals 3-8 tgals 9-15 tgals 16-35 tgals Over 35 tgals 7.40 7.40 7.64 8.17 8.77 $ 698,264 931,019 Other Volume Charges per 1,000 gallons (tgals) Commercial & Multi -family Fire Hydrant & Gas Wells Supplemental Irrigation $ 7.40 $ 12.66 $ 12.66 Reclaimed Volume Charge per 1,000 gallons (tgals) Non -Boosted Boosted Tiered Rates 5.89 0-8 tgals 6.09 9-15 tgals 6.55 16-35 tgals 7.06 Over 35 tgals Construction & Gas Wells $ 10.85 $ 2.50 $ 6.29 $ 6.49 $ 6.94 $ 7.45 Construction & Gas Wells $ 11.27 26 WASTEWATER SERVICE RATES Current Rates: Proposed Rates: Residential Base Charge: Residential Base Charge: Base Charge: Within Corporate Limits $ 13.00 Outside Corporate Limits $ 17.50 Volume Charge per 1,000 gallons (tgals) (based on 90% of metered water up to 12,000 gallons) Base Charge: Within Corporate Limits $ 14.00 Outside Corporate Limits $ 18.50 Volume Charge per 1,000 gallons (tgals) (based on 90% of metered water up to 12,000 gallons) Within Corporate Limits $ 5.35 Within Corporate Limits Outside Corporate Limits $ 5.35 Outside Corporate Limits Commercial and Industrial Charges: Base Charge: Within Corporate Limits $ 13.00 Outside Corporate Limits $ 17.50 Volume Charge per 1,000 gallons (tgals) (based on 100% of metered water) Within Corporate Limits $ Outside Corporate Limits $ $ 5.89 $ 5.89 Commercial and Industrial Charges: Base Charge: Within Corporate Limits $ 14.00 Outside Corporate Limits $ 18.50 Volume Charge per 1,000 gallons (tgals) (based on 100% of metered water) 5.35 Within Corporate Limits 5.35 Outside Corporate Limits $ 5.89 $ 5.89 27 City Engineer Water Production Water Distribution Wastewater Treatment Meter Services Total -Public Works Recycling GIS/Information Services Legal Services Non -Departmental Total -Non Departmental Total Operating Expenses (Capital / One -Time Total Expenses Water & Wastewater Expenditures FY2025-2026 Wastewater Treatment 21% Capital / One -Time 2% GIS 2% Water Distribution 5% Non -Depart. 31% Water Production 35% Finance 2% Public Works 2% The graph above indicates the expenditure amounts disbursed to the individual departments within the Water and Wastewater Fund. These expenditures reflect the cost incurred by the City for the services provided to Euless citizens. Water & Wastewater Expenditures Water Office Proposed Actual Budget Estimated Budget FY 24 FY 25 FY 25 FY 26 $ 554,460 $ 588,421 $ 588,421 $ 615,127 $ Total -Finance $ 554,460 $ 588,421 $ 588,421 $ 615,127 $ $ 367,535 $ 395,000 $ 395,000 $ 663,426 $ $ 11,983,966 $ 12,696,901 $ 12,696,901 $ 13,280,304 $ $ 1,697,725 $ 1,998,607 $ 1,998,607 $ 2,083,413 $ $ 6,778,127 $ 7,060,175 $ 7,060,175 $ 8,163,681 $ $ 89,786 $ 85,685 $ 85,685 $ 118,575 $ $ 20,917,139 $ 22,236,368 $ 22,236,368 $ 24,309,399 $ $ 49,170 $ 56,588 $ 56,588 $ 58,088 $ $ 700,952 $ 804,065 $ 804,065 $ 818,164 $ $ 113,159 $ 100,000 $ 100,000 $ 100,000 $ $ 10,473,125 $ 11,178,959 $ 11,178,959 $ 11,646,683 $ $ 11,336,406 $ 12,139,612 $ 12,139,612 $ 12,622,935 $ $ 32,808,005 $ 34,964,401 $ 34,964,401 $ 37,547,461 $ $ 2,323,457 $ 657,752 $ 451,890 $ 893,317 $ $ 35,131,462 $ 35,622,153 $ 35,416,291 $ 38,440,778 $ FY25 Budget to FY26 Proposed $ Diff 26,706 26,706 268,426 583,403 84,806 1,103,506 32,890 2,073,031 1,500 14,099 467,724 483,323 2,583,060 235,565 2,818,625 % Diff. 5% 5% 68% 5% 4% 16% 38% 9% 3% 2% 0% 4% 4% 7% 36% 8% The chart details the expenditures over the past, current, and upcoming fiscal years, as well as the expected increases and decreases in costs within the past year. These expenditures account for the cost associated with the acquisition, operation and maintenance of a municipal water and wastewater utility system. 28 All Other Enterprise Operating Funds This chart presents revenues, operating and capital expenses, and use of reserves for all other enterprise operating funds presented within the City of Euless' Annual Operating Budget. Proposed FY25 Budget to Enterprise Actual Budget Estimated Budget FY26 Proposed Funds FY 24 FY 25 FY 25 FY 26 $ Diff % Diff. Service Center Fund: Revenues $ 1,418,340 $ 1,489,076 $ 1,489,076 $ 1,569,855 $ 80,779 5% Operating Expenses $ 1,469,919 $ 1,489,076 $ 1,489,076 $ 1,569,855 $ 80,779 5% Use of Reserves $ 73,589 $ - $ - $ 143,407 $ 143,407 0% Capital / One -Time $ 22,010 $ - $ - $ 143,407 $ 143,407 0% Drainage Utility System: Revenues $ 958,840 $ 1,274,499 $ 1,212,337 $ 1,507,483 $ 232,984 18% Operating Expenses $ 838,890 $ 1,272,175 $ 1,270,060 $ 1,314,648 $ 42,473 3% Use of Reserves $ - $ - $ 57,723 $ 181,342 $ 181,342 0% Capital / One -Time $ 70,000 $ - $ - $ 181,342 $ 181,342 0% Recreation Classes: Revenues $ 695,284 $ 632,095 $ 701,005 $ 660,418 $ 28,323 4% Operating Expenses $ 448,179 $ 567,209 $ 567,209 $ 579,802 $ 12,593 2% Use of Reserves $ - $ 22,000 $ - $ - $ (22,000) (100%) Capital / One -Time $ - $ 22,000 $ 22,000 $ - $ (22,000) (100%) Arbor Daze: Revenues $ 149,034 $ 200,000 $ 201,608 $ 250,000 $ 50,000 25% Operating Expenses $ 149,034 $ - $ 200,000 $ 250,000 $ 250,000 100% Use of Reserves $ - $ - $ - $ - $ 0% Capital / One -Time $ - $ 200,000 $ - $ - $ (200,000) (100%) Texas Star Golf Course: Revenues $ 5,625,065 $ 5,651,184 $ 5,663,507 $ 6,179,205 $ 528,021 9% Operating Expenses $ 5,766,072 $ 5,647,329 $ 5,647,329 $ 5,977,960 $ 330,631 6% Use of Reserves $ 141,007 $ 377,763 $ 361,585 $ 140,901 $ (236,862) (63%) Capital / One -Time $ - $ 377,763 $ 377,763 $ 140,901 $ (236,862) (63%) Parks at Texas Star: Revenues $ 1,528,929 $ 1,280,859 $ 1,294,642 $ 1,352,834 $ 71,975 6% Operating Expenses $ 1,190,465 $ 1,162,954 $ 1,162,954 $ 1,204,775 $ 41,821 4% Use of Reserves $ - $ 100,000 $ - $ 13,260 $ (86,740) (87%) Capital / One -Time $ - $ 100,000 $ 100,000 $ 13,260 $ (86,740) (87%) Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises where the intent of the government's council is that the costs of providing goods and services to the general public on a continuing basis can be financed or recovered primarily through user charges. The Service Center Fund is used to account for the maintenance of the City's motor vehicles. The Drainage Fund is used to account for the acquisition, operation, and maintenance of the City's municipal drainage utility system. The Recreation Class Fund is used to account for the operation of recreational programs, activities and special events offered to Euless citizens and other groups on a fee basis. The Arbor Daze Fund is used to account for expenses related to the annual festival. The Texas Star Golf Course and Parks at Texas Star Funds are used to account for the operations and maintenance of these facilities which are supported primarily by user charges. 29 Special Revenue Operating Funds This chart presents revenues, operating and capital expenses, and use of reserves for all Special Revenue Funds presented within the City of Euless' Annual Operating Budget. Proposed FY25 Budget to Special Revenue Actual Budget Estimated Budget FY26 Proposed Funds FY 24 FY 25 FY 25 FY 26 $ Diff % Diff. Hotel/Motel: Revenues $ 1,783,731 $ 1,520,455 $ 1,529,160 $ 1,674,688 $ 154,233 10% Operating Expenses $ 1,372,994 $ 1,516,645 $ 1,516,645 $ 1,670,772 $ 154,127 10% Use of Reserves $ - $ 372,390 $ 600,267 $ 846,000 $ 473,610 127% Capital / One -Time $ 175,566 $ 372,390 $ 612,782 $ 846,000 $ 473,610 127% Juvenile Case: Revenues $ 56,671 $ 52,631 $ 65,327 $ 54,757 $ 2,126 4% Operating Expenses $ 23,342 $ 28,439 $ 28,439 $ 52,668 $ 24,229 85% Use of Reserves $ - $ 11,421 $ - $ 12,188 $ 767 7% Capital / One -Time $ 617 $ 11,421 $ - $ 12,188 $ 767 7% EDC 1/z¢ Sales Tax: Revenues $ 7,647,073 $ 7,503,154 $ 8,033,764 $ 7,980,055 $ 476,901 6% Operating Expenses $ 4,396,725 $ 5,911,934 $ 5,911,934 $ 5,819,762 $ (92,172) (2%) Use of Reserves $ - $ 6,085,252 $ 3,088,939 $ 3,796,289 $ (2,288,963) (38%) Capital / One -Time $ 1,533,420 $ 6,085,252 $ 5,210,769 $ 3,796,289 $ (2,288,963) (38%) CCPD 1/4¢ Sales Tax: Revenues $ 3,656,649 $ 3,481,553 $ 3,829,870 $ 3,819,556 $ 338,003 10% Operating Expenses $ 3,114,157 $ 3,480,136 $ 3,480,136 $ 3,796,319 $ 316,183 9% Use of Reserves $ 952,047 $ 178,600 $ - $ 852,268 $ 673,668 377% Capital / One -Time $ 1,494,539 $ 178,600 $ 217,767 $ 852,268 $ 673,668 377% Police Seized Assets Fund: Revenues $ 10,201 $ 5,873 $ 5,873 $ 4,699 $ (1,174) (20%) Operating Expenses $ 34,775 $ 51,020 $ 51,020 $ 50,699 $ (321) (1%) Use of Reserves $ 24,574 $ 45,147 $ 45,147 $ 46,000 $ 853 2% Capital / One -Time $ - $ - $ - $ - $ - 0% Police Drug Fund: Revenues $ 186,767 $ 51,606 $ 85,857 $ 43,901 $ (7,705) (15%) Operating Expenses $ 10,904 $ 220,000 $ 220,000 $ 320,000 $ 100,000 45% Use of Reserves $ (11,603) $ 168,394 $ 134,143 $ 276,099 $ 107,705 64% Capital / One -Time $ - $ - $ - $ - $ - 0% Elementary SRO Fund Revenues $ - $ 2,310,000 $ 2,310,000 $ 2,482,626 $ 172,626 7% Operating Expenses $ - $ 2,269,080 $ 2,269,080 $ 2,482,626 $ 213,546 9% Use of Reserves $ - $ - $ - $ - $ - 0% Capital / One -Time $ - $ - $ - $ - $ - 0% Grant Fund: Revenues $ 128,310 $ 1,235,291 $ 1,235,291 $ 1,366,279 $ 130,988 11% Operating Expenses $ 128,146 $ 1,235,291 $ 1,235,291 $ 1,366,279 $ 130,988 11% Use of Reserves $ - $ - $ - $ - $ - 0% Capital / One -Time $ - $ - $ - $ - $ - 0% Car Rental Tax: Revenues $ 21,555,099 $ 20,478,190 $ 22,062,013 $ 21,104,938 $ 626,748 3% Operating Expenses $ 16,187,868 $ 16,116,559 $ 16,611,653 $ 17,185,601 $ 1,069,042 7% Use of Reserves $ 2,257,769 $ 9,512,972 $ 4,780,510 $ 5,025,372 $ (4,487,600) (47%) Capital / One -Time $ 7,625,000 $ 9,512,972 $ 10,230,870 $ 5,025,372 $ (4,487,600) (47%) Glade Parks PID Revenues $ - $ - $ - $ - $ - 0% Operating Expenses $ - $ 750,000 $ 750,000 $ - $ (750,000) (100%) Use of Reserves $ - $ 750,000 $ 750,000 $ - $ (750,000) (100%) Capital Expenses $ - $ - $ - $ Glade Parks TIRZ: Revenues $ 2,673,510 $ 2,739,028 $ 2,675,272 $ 2,681,722 $ (57,306) (2%) Operating Expenses $ 1,130,113 $ 1,132,325 $ 1,132,325 $ 247,746 $ (884,579) (78%) Use of Reserves $ - $ 6,321,983 $ 4,779,036 $ - $ (6,321,983) (100%) Capital / One -Time $ - $ 6,321,983 $ 6,321,983 $ - $ (6,321,983) (100%) 30 Proposed FY25 Budget to Special Revenue Actual Budget Estimated Budget FY26 Proposed Funds FY 24 FY 25 FY 25 FY 26 $ Diff % Diff. Cable PEG Fund: Revenues $ 91,561 $ 76,928 $ 72,926 $ 65,541 $ (11,387) (15%) Operating Expenses $ 34,076 $ 75,000 $ 75,000 $ 22,250 $ (52,750) (70%) Use of Reserves $ - $ 24,600 $ 26,674 $ 90,235 $ 65,635 267% Capital / One -Time $ - $ 24,600 $ 24,600 $ 90,235 $ 65,635 267% Midtown PID: Revenues $ 263,729 $ 160,822 $ 160,822 $ 141,760 $ (19,062) (12%) Operating Expenses $ 331,628 $ 158,518 $ 158,518 $ 139,456 $ (19,062) (12%) Use of Reserves $ 67,899 $ - $ - $ - $ - 0% Capital / One -Time $ - $ - $ - $ - $ - 0% Midtown TIRZ: Revenues $ 965,968 $ 996,885 $ 996,885 $ 1,001,337 $ 4,452 0% Operating Expenses $ 742,400 $ 942,504 $ 942,504 $ 962,621 $ 20,117 2% Use of Reserves $ - $ - $ - $ - $ - 0% Capital / One -Time $ - $ - $ - $ - $ - 0% Special Revenue funds are used for specific revenues that are legally restricted to expenditures for particular purposes. The Hotel/Motel Fund is used to account for occupancy tax revenues from area hotels. Expenses are dedicated to the promotion of tourism and the convention and hotel industry. The Juvenile Case Fund is used to account for court fees collected. Expenses are dedicated primarily to personnel and operating costs required to process juvenile cases. The Euless Development Corporation (EDC) '/4 Sales Tax Fund is used to account for the '/4 sales tax revenues. Expenses are dedicated to parks, library, recreational, and economic development activities within the City of Euless. The Crime Control and Prevention District (CCPD)'/4 Sales Tax Fund is used to account for 'Aft sales tax revenues. Expenses are dedicated to additional personnel, crime prevention programs, and equipment for the Euless Police Department. The Police Seized Asset Fund is used to account for proceeds from sale of seized assets which are dedicated to police expenditures. The Police Drug Fund is used to account for proceeds from sale of assets seized in connection with drug arrests. Expenses are dedicated solely for police department expenditures. Only interest earnings and overtime cost are budgeted due to the volatility and unpredictable nature in asset confiscation. Elementary SRO Fund is used to account for revenues and expenditures associated with the police presence in the Hurst - Euless -Bedford ISD. Expenditures are incurred by the City and are reimbursed by the ISD and other available resources such as grant funds. Grant Fund is used to account for grant funds and other restricted revenues received by the City. Expenses must be spent in accordance with the grant provisions. The Car Rental Tax Fund is used to account for the 5% tax charged on any short-term motor vehicle rental. Expenses may be dedicated to operations, debt avoidance/reduction and capital expenditures. These revenues are shared equally between the cities of Dallas, Fort Worth, and Euless. The Glade Parks Tax Increment Reinvestment Zone (TIRZ) Fund is used to account for new revenues generated from increased values of properties located within the Zone, based on the percentage pledged by each participating taxing entity. Expenses are incurred for the repayment of the related infrastructure cost. The Cable Public Educational and Governmental (PEG) Fund is used to account for a 1% fee collected from cable channel providers for expansion of the City's public, educational, and governmental channel. The Midtown Public Improvement District (PID) Fund is used to account for assessments levied upon properties within the district boundaries. Expenses are incurred for the repayment of debt issued to fund public improvements within the district. The Midtown Tax Increment Reinvestment Zone (TIRZ) Fund is used to account for new revenues generated from increased values of properties located within the Zone, based on the percentage pledged by each participating taxing entity. Expenses are incurred for the repayment of the related infrastructure cost. 31 Internal Service Operating Funds This chart presents revenues, operating and capital expenses, and use of reserves for all Internal Service Funds presented within the City of Euless' Annual Operating Budget. Internal Service Funds Equipment Replacement: Revenues Operating Expenses Use of Reserves Capital / One -Time Insurance: Revenues Operating Expenses Use of Reserves Capital / One -Time Risk/WC Management: Revenues Operating Expenses Use of Reserves Capital / One -Time Actual Budget FY 24 FY 25 $ 6,858,309 $ 6,675,618 $ 5,062,096 $ 6,019,666 $ - $ $ - $ 2,714,092 $ 9,602,220 $ $ 7,074,316 $ $ - $ $ - $ $ 1,566,938 $ $ 1,295,247 $ $ - $ $ - $ Estimated FY 25 $ 6,764,252 $ 6,019,666 $ 1,969,506 $ 2,714,092 Proposed Budget FY 26 $ 7,544,452 $ 6,717,112 $ - FY25 Budget to FY26 Proposed $ Diff % Diff. $ 868,834 13% $ 697,446 12% $ (2,714,092) (100%) 9,391,608 $ 9,391,608 $ 10,412,760 $ 1,021,152 9,278,882 $ 9,278,882 $ 10,275,982 $ 997,100 84,000 $ - $ 81,143 $ (2,857) 84,000 $ 45,300 $ 81,143 $ (2,857) 1,532,586 $ 1,576,776 $ 1,659,863 $ 1,462,444 $ 1,462,444 $ 1,659,356 $ - $ - $ 1,971 $ - $ - $ 1,971 $ 127,277 196,912 1,971 1,971 11% 11% (3%) (3%) 8% 13% 0% 0% Internal Service funds are used to account for the financing of goods or services provided by one department to other departments of the government and to other government units, on a cost reimbursement basis. The Equipment Replacement Fund is used to account for the accumulation of funds from user departments. Expenses are dedicated to replacement of existing equipment and motor vehicles. The Insurance Fund is used to account for both city and employee premiums. Expenses are dedicated to employees' health, dental, and prescription claims. The Risk Management/Workers' Compensation Fund is used to account for the program(s) used for worker's compensation, general liability, and property claims. 32 Debt Service Operating Funds This chart presents revenues and operating expenses, and use of reserves for all Debt Service Funds presented within the City of Euless' Annual Operating Budget. Debt Service Funds General Obligation Debt Revenues Operating Expenses Use of Reserves Capital / One -Time Star Center Debt Revenues Operating Expenses Use of Reserves EDC Debt Service Revenues Operating Expenses Use of Reserves Water & Wastewater Debt Revenues Operating Expenses Use of Reserves Texas Star Golf Course Debt Revenues Operating Expenses Use of Reserves Capital / One -Time Actual FY 24 $ 8,482,315 $ 8,247,171 $ - $ - Budget Estimated FY 25 FY 25 $ 14,129,688 $ 7,835,316 $ 27,611 $ 6,321,983 $ 709,970 $ $ 709,240 $ $ - $ $ 14,303,901 $ 14,157,299 $ 167,355 $ - Proposed Budget FY 26 $ 7,240,528 $ 7,094,166 $ 1,300 $ - 780,377 $ 783,492 $ 715,640 $ 982,891 $ 466,650 $ 466,650 $ $ 402,804 $ 406,851 $ $ 395,625 $ 402,075 $ $ - $ - $ FY25 Budget to FY26 Proposed $ Diff % Diff. $ (6,889,160) $ (741,150) $ (26,311) $ (6,321,983) (49%) (9%) (95%) (100%) 68,485 $ (711,892) (91 %) - $ (715,640) (100%) - $ (466,650) (100%) 407,336 $ 403,872 $ 402,075 $ 397,976 $ - $ - $ $ 1,213,836 $ 1,076,660 $ 1,076,660 $ 1,069,201 $ $ 1,212,587 $ 1,076,660 $ 1,076,660 $ 1,073,502 $ $ - $ - $ - $ 4,301 $ $ 592,452 $ 1,714,351 $ 1,759,542 $ $ 589,238 $ 591,572 $ 1,821,923 $ $ - $ 62,318 $ 62,381 $ $ - $ 1,185,097 $ - $ (2,979) (4,099) (7,459) (3,158) 4,301 - $ (1,714,351) - $ (591,572) - $ (62,318) - $ (1,185,097) (1%) (1%) 0% (1%) (0%) 0% (100%) (100%) (100%) (100%) Debt Service funds are used to account for the repayment of General Obligation Bonds, Certificates of Obligation, Taxable Bonds, Tax Notes, and Revenue Supported Bonds. These Bonds represent direct and special obligations of the City. The General Obligation Debt Service Fund is used to account for the collection of a continuing ad valorem tax levied by the City. Expenses are dedicated to the payment of principal and interest on General Obligation Bonds, General Obligation Refunding Bonds, Tax Notes, and Certificates of Obligation. The Star Center Debt Fund is used to account for monthly lease payments on the Stars Center. Expenses are dedicated to annual debt service requirements. Debt paid off in FY2025. The EDC Debt Service Fund is used to account for pledged revenues, which includes the proceeds of a 1/2¢ sales and use tax levied within the City. Expenses are dedicated to the sole benefit of the Euless Development Corporation obligations. The Water & Wastewater Debt Service Fund is used to account for a pledge of the surplus net revenues of the City's Waterworks and Sewer System. Expenses are dedicated to payment of annual debt service requirements. The Golf Course Debt Service Fund is used to account for a pledge of the surplus net revenues derived from the operation and ownership of the Texas Star Golf Course. Expenses are dedicated to payment of annual debt service requirements. Debt paid off in FY2025. 33 Full -Time Personnel Counts 11 FY 23/24 FY 24/25 FY 24/25 FY 25/26 ACTUAL BUDGETED ESTIMATED BUDGETED CITY ADMINISTRATION 3.50 3.50 3.50 3.50 CITY SECRETARY 3.50 3.50 3.50 3.50 Total City Administration 7.00 7.00 7.00 7.00 FINANCE/BUDGET 2.50 2.50 2.50 2.50 MUNICIPAL COURTS 7.75 7.75 7.75 D 7.50 ACCOUNTING 3.50 3.50 3.50 3.50 PURCHASING 1.00 1.00 1.00 1.00 Total Finance 14.75 14.75 14.75 14.50 POLICE CODE COMP/COMM SVRS 18.00 18.00 18.00 18.00 POLICE ADMINISTRATION 7.00 7.00 7.00 7.00 POLICE PATROL 44.00 44.00 44.00 44.00 POLICE CID 19.00 19.00 19.00 19.00 POLICE SERVICE 21.50 21.50 21.50 21.50 POLICE DETENTION 18.50 18.50 18.50 18.50 Total Police Department 128.00 128.00 128.00 128.00 FIRE MARSHAL/EDUCATION 4.00 4.00 4.00 4.00 FIRE ADMINISTRATION 4.00 4.00 4.00 4.00 EMS/SUPPRESSION 70.00 70.00 70.00 70.00 Total Fire Department 78.00 78.00 78.00 78.00 INFORMATION SERVICES 1.00 1.00 1.00 1.00 HUMAN RESOURCES 3.50 3.50 3.50 3.50 FACILITY MAINTENANCE 4.00 4.00 4.00 4.00 Total Administrative Services 8.50 8.50 8.50 8.50 LIBRARY 9.00 9.00 9.00 E 8.00 Total Library 9.00 9.00 9.00 8.00 PLANNING & DEVELOPMENT 2.50 2.50 2.50 2.50 INSPECTIONS SERVICES 5.00 5.00 5.00 5.00 Total Planning & Development 7.50 7.50 7.50 7.50 RECREATION 5.25 5.25 5.25 5.25 PARKS 11.00 11.00 11.00 E 10.00 SENIOR CENTER 2.00 2.00 2.00 2.00 RECREATION ADMINISTRATION 1.00 1.00 1.00 1.00 Total Community Services 19.25 19.25 19.25 18.25 STREET MAINTENANCE 13.50 13.50 13.50 F 11.50 ANIMAL SERVICES 5.00 5.00 5.00 F 6.00 CITY ENGINEER 2.00 2.00 2.00 F 1.00 Total Public Works 20.50 20.50 20.50 18.50 TOTAL GENERAL FUND 292.50 292.50 292.50 288.25 EDC - PARKS 14.25 A 15.25 15.25 E 16.25 EDC - LIBRARY 10.00 10.00 10.00 E 11.00 EDC - ECO. DEV. 1.00 1.00 1.00 1.00 TOTAL EDC FUND 25.25 26.25 26.25 28.25 WATER OFFICE 5.00 5.00 5.00 5.00 Total Finance 5.00 5.00 5.00 5.00 W&S ENGINEERING 3.00 3.00 3.00 F 5.00 WATER PRODUCTION 5.75 5.75 5.75 F 6.50 WATER DISTRIBUTION 8.25 A 9.25 9.25 F 9.50 SEWAGE & TREATMENT 8.00 8.00 8.00 F 7.00 METER SERVICES 1.00 1.00 1.00 1.00 Total Public Works 26.00 27.00 27.00 29.00 INFORMATION SERVICES 4.00 4.00 4.00 4.00 W&S NON-DEPT. 10.00 10.00 10.00 10.00 Total Non -departmental 14.00 14.00 14.00 14.00 TOTAL W&S FUND 45.00 46.00 46.00 48.00 GOLF NON DEPARTMENTAL 0.75 B 1.50 1.50 1.50 GOLF COURSE MAINT. 4.00 4.00 4.00 4.00 GOLF PRO SHOP 2.50 B 2.00 2.00 2.00 GOLF FOOD AND BEVERAGE 3.00 3.00 3.00 3.00 GOLF CONFERENCE CENTRE 2.75 B 2.50 2.50 2.50 TOTAL GOLF COURSE FUND 13.00 13.00 13.00 13.00 JUVENILE CASE FUND 0.25 0.25 0.25 D 0.50 CRIME CONTROL FUND 20.00 20.00 20.00 20.00 ELEMETARY SRO FUND 0.00 C 1.00 1.00 1.00 SERVICE CENTER FUND 5.00 5.00 5.00 5.00 DRAINAGE UTILITY FUND 8.00 8.00 8.00 8.00 PARKS @ TEXAS STAR 1.50 1.50 1.50 1.50 HEALTH INSURANCE FUND 1.00 1.00 1.00 1.00 WC/RISK MANAGEMENT FUND 0.50 0.50 0.50 0.50 TOTAL OTHER FUNDS 36.25 37.25 37.25 37.50 TOTAL ALL FUNDS 412.00 415.00 415.00 415.00 A) Added FT W/W W Field Tech I & EDC Parks Field Tech I E) Transferred Library Assistant and Pads Field Tech I to EDC B) Converted contract labor employee to City position F) Reorganization C) Added FT Sargent for new Elem SRO fund D) Transferred .25 Juvenile Case Clerk to Juvenile Management Fund 34 Outstanding Indebtedness Principal Amount of Description Dated Amount Original Paying Remaining Maturity Outstanding Issuance Agent Interest Rate Tax & Waterworks & Sewer System (Limited Pledge) Revenue Certificates of Obligation, Series 20161 Tax & Waterworks & Sewer System (Limited Pledge) Revenue Certificates of Obligation, Series 20181 Tax & Waterworks & Sewer System (Limited Pledge) Revenue Certificates of Obligation, Series 2019 Tax & Waterworks & Sewer System (Limited Pledge) Revenue Certificates of Obligation, Series 2020 Tax & Waterworks & Sewer System (Limited Pledge) Revenue Certificates of Obligation, Series 2021 Tax Notes Series 2022 Tax & Waterworks & Sewer System (Limited Pledge) Revenue Certificates of Obligation, Series 2023 Waterworks & Sewer System Revenue Bonds, Series 20132 Waterworks & Sewer System Revenue Bonds, Series 2015A2 Waterworks & Sewer System Revenue Bonds, Series 2015B2 Waterworks & Sewer System Revenue Bonds, Series 20182 Waterworks & Sewer System Revenue Bonds, Series 20192 Euless Development Corporation, Sales Tax Revenue Bonds, Series 2018 Euless Development Corporation, Sales Tax Revenue Bonds, Series 2019 AXON Enterprise, Inc. Lease 1/12/2016 $ 12,170,000 $ 16,450,000 U.S. Bank Trust 3% to 3.25% 2/15/2041 3/1/2018 $ 4,484,466 $ 9,180,000 U.S. Bank Trust 3% to 4% 2/15/2038 Company, NA Company, NA 1/15/2019 $ 9,340,000 $ 11,785,000 U.S. Bank Trust Company, NA 3.25% to 5% 2/15/2039 1/14/2020 $ 5,690,000 $ 7,115,000 U.S. Bank Trust 2% to 3% 2/15/2040 Company, NA 1.625% to 4% 2/15/2041 9/20/2022 $ 4,525,000 $ 7,660,000 Zions Banc 2.89% 2/15/2029 4/8/2021 $ 4,525,000 $ 5,360,000 U.S. Bank Trust 9/7/2023 $ 18,695,000 $ 20,620,000 Company, NA U.S. Bank Trust Company, NA 4% to 5% 2/15/2038 6/25/2013 $ 780,000 $ 1,585,000 U.S. Bank Trust 4% to 5% 7/15/2033 Company, NA 6/15/2015* $ 2,475,000 $ 4,685,000 U.S. Bank Trust 1.39% to 1.98% 7/15/2035 Company, NA U.S. Bank Trust 6/15/2015* $ 1,300,000 $ 2,380,000 Company, NA 1.09% to 1.68% 7/15/2035 4/12/2018 $ 1,870,000 $ 2,785,000 U.S. Bank Trust 0.81% to 1.49% 7/15/2038 Company, NA 4/25/2019 $ 7,645,000 $ 9,275,000 U.S. Bank Trust 0.56% to 1.66% 7/15/2049 Company, NA 10/15/2018 $ 1,180,000 $ 1,635,000 U.S. Bank Trust 4.00% 9/15/2038 Company, NA 12/12/2019 $ 3,145,000 $ 4,120,000 U.S. Bank Trust 2.5% to 4% 9/15/2039 Company, NA 6/13/2023 $ 680,686 $ 1,139,386 AXON 3/15/2028 Enterprise, Inc. 1 Bonds paid by Tax Increment Financing District and Public Improvement District. 2 Bonds paid by Water & Wastewater user charges. Change date to reflect date on Official Statement. 35 Department Public Works PACS Information Services Information Services Non -Departmental Information Services Public Works Fire Non -Departmental Fire Fleet & Facilities Information Services Public Works P&D Public Works Non -Departmental Fire Fleet & Facilities Public Works P&D Fleet & Facilities Finance Non -Departmental Non -Departmental Public Works Information Services Information Services Fleet & Facilities Fire Information Services Finance Municipal Court Fire Police Fire Fleet & Facilities Fire Fire Fire General General General General General General General General General General General General General General General General General General General General General General General General General General General General General General General General General General General General General General General Fund Capital & Supplemental Requests for FY2025-26 Program Description Public Education and Outreach Cameras at Park Maintenance Shop Library Network Equipment Network Redundancy Partnership HOME / ER Program Replenishment CM0802 Telephone Software Update Animal Shelter Overtime Part Time EMS Coordinator Street Light Rate Increase from Oncor Part Time Fire Inspectors Fire Station Bathroom Remodel Data Backup System Pavement Condition Assessment Unified Development Code (UCD) Update Transfer to Street CIP - Traffic Signal @ SH 10 & Dickey Drive One -Time Adjustment Station 3 USDD Station Alerting Roof Coatings- Service Center and Community Svc. Center Transfer to Street CIP - Traffic Signal @ FM 157 & Signet Drive Comprehensive Land Development Update Transfer to Equipment Replacement Enterprise Resource Planning (ERP) System Transfer to General CIP Transfer to General Fund Contingency Transfer to Street CIP GIS Department Intern Part Time Administrative Specialist Finance Building Acoustical Treatment Outfit of a Reserve Apparatus Physical Access Control Vendor Management System Ticket Writer Replacement Lateral Pay Drone as a First Responder Bunker Gear Cleaning and Testing Day Custodian Three Lieutenants Tablet Command Program Training Chief ^Program CMO Program Type Cost Sub -Total Funded Capital $ 3,000 $ 3,000 Yes Capital $ 8,000 $ 11,000 Yes Capital $ 21,424 $ 32,424 Yes Capital $ 32,000 $ 64,424 Yes Capital $ 36,332 $ 100,756 Yes Capital $ 40,000 $ 140,756 Yes Capital $ 40,000 $ 180,756 Yes Capital $ 48,000 $ 228,756 Yes Capital $ 50,000 $ 278,756 Yes Capital $ 59,275 $ 338,031 Yes Capital $ 65,000 $ 403,031 Yes Capital $ 70,000 $ 473,031 Yes Capital $ 80,000 $ 553,031 Yes Capital $ 175,000 $ 728,031 Yes Capital $ 182,346 $ 910,377 Yes Capital $ 187,686 $ 1,098,063 Yes Capital $ 191,868 $ 1,289,931 Yes Capital $ 200,000 $ 1,489,931 Yes Capital $ 223,649 $ 1,713,580 Yes Capital $ 250,000 $ 1,963,580 Yes Capital $ 1,000,000 $ 2,963,580 Yes Capital $ 1,500,000 $ 4,463,580 Yes Capital $ 1,161,745 $ 5,625,325 Yes Capital $ 1,250,000 $ 6,875,325 Yes Capital $ 3,550,000 $ 10,425,325 Yes Capital $ 13,000 $ 10,438,325 No Capital $ 32,240 $ 10,470,565 No Capital $ 40,000 $ 10,510,565 No Capital $ 66,962 $ 10,577,527 No Capital $ 110,000 $ 10,687,527 No Supplemental $ 20,000 $ 20,000 Yes Supplemental $ 26,560 $ 46,560 Yes Supplemental $ 32,676 $ 79,236 Yes Supplemental $ 63,000 $ 142,236 Yes Supplemental $ 17,160 $ 159,396 No Supplemental $ 40,000 $ 199,396 No Supplemental $ 49,164 $ 248,560 No Supplemental $ 71,560 $ 320,120 No Supplemental $ 271,738 $ 591,858 No "Project may contain both capital and supplemental costs. 36 Department Golf Non -Departmental Golf P&D Municipal Court Library Library Library Non -Departmental Library Library PACS Non -Departmental PACS PACS Library Information Services PACS Non -Departmental Police Police Police Police Police Police Police Police Fund Hotel Hotel Hotel Hotel Juvenile Case EDC EDC EDC EDC EDC EDC EDC EDC EDC EDC EDC EDC EDC Capital & Supplemental Requests for FY2025-26 Program Description Wall System Transfer to Arbor Daze Conference Center Hallway Expansion Short Term Rental Services Vendor One -Time Adjustment Mobile Teaching Kitchen Radio -Frequency Identification (RFID) Equipment Audio -Visual System Upgrade One -Time Adjustment Resilient Flooring PC Replacement Transfer to EDC CIP Misc. Parks Improvements Transfer to EDC CIP Power Washer Data Service for iPad School Resource Officer (SRO) Library Program Network and System Analyst- Full Time Conversion Recreation Assistant EDC Debt Reserve Transfer to EDC Debt Services Fund of Unneeded Reserves CCPD CCPD CCPD CCPD CCPD CCPD CCPD CCPD PACS Car Rental Non -Departmental Car Rental Non -Departmental PEG Non -Departmental PEG CSO PEG Police Laptop Laptops for Police Technical Services Staff ATT Data Circuits Police Servers Police Officer Hiring Ticket Writer Replacement Contingency Digital Data Management Aquatics Park & Natatorium Improvements Transfer to Car Rental CIP Animal Shelter Public Media Increase CM2402 Computer Equipment Agenda Management Software ^Program CMO Program Type Cost Sub -Total Funded Capital $ 155,000 $ 155,000 Yes Capital $ 250,000 $ 405,000 Yes Capital $ 350,000 $ 755,000 Yes Supplemental $ 16,000 $ 16,000 Yes Capital $ 767 $ 767 Yes Capital $ 15,500 $ 15,500 Yes Capital $ 21,985 $ 37,485 Yes Capital $ 38,652 $ 76,137 Yes Capital $ 40,949 $ 117,086 Yes Capital $ 42,000 $ 159,086 Yes Capital $ 62,720 $ 221,806 Yes Capital $ 100,000 $ 321,806 Yes Capital $ 2,600,000 $ 2,921,806 Yes Capital $ 17,300 $ 2,939,106 No Supplemental $ 6,000 $ 6,000 Yes Supplemental $ 34,000 $ 40,000 Yes Supplemental $ 41,000 $ 81,000 No Supplemental $ 82,664 $ 163,664 No Capital $ 475 $ 475 Yes Capital $ 4,000 $ 4,000 Yes Capital $ 11,000 $ 15,000 Yes Capital $ 13,600 $ 28,600 Yes Capital $ 16,000 $ 44,600 Yes Capital $ 67,520 $ 112,120 Yes Capital $ 100,981 $ 213,101 Yes Capital $ 600,000 $ 813,101 Yes Supplemental $ 17,400 $ 17,400 Yes Capital $ 350,000 $ 350,000 Yes Capital $ 4,000,000 $ 4,350,000 Yes Capital $ 30,000 $ 30,000 Yes Capital $ 54,760 $ 84,760 Yes Supplemental $ 14,708 $ 14,708 Yes "Project may contain both capital and supplemental costs. 37 Department Fund Capital & Supplemental Requests for FY2025-26 Program Description ^Program CMO Program Type Cost Sub -Total Funded Public Works W/WW Fire Hydrant Restorations Capital $ 37,853 $ 37,853 Yes Public Works W/WW Cityworks for Engineering Permits Capital $ 81,400 $ 119,253 Yes Non -Departmental W/WW Fuel Contingency Replenishment FM2310 Capital $ 98,570 $ 217,823 Yes Non -Departmental W/WW One -Time Adjustment Capital $ 99,180 $ 317,003 Yes Public Works W/WW Water Plan and Water Model Engineering Services Capital $ 160,000 $ 477,003 Yes Public Works W/WW Public Works W/WW iPad and Wireless Services Supervisory Control and Data Acquisition Packs Upgrade Supplemental $ 2,018 $ 2,018 Yes Supplemental $ 235,337 $ 237,355 Yes Non -Departmental Service Center One -Time Adjustment Capital $ 9,857 $ 9,857 Yes Fleet & Facilities Service Center Mechanic Apprenticeship Program Capital $ 54,050 $ 63,907 Yes Fleet & Facilities Service Center Primary Fuel Tank Pumps Capital $ 79,500 $ 143,407 Yes Non -Departmental Water Impact Transfer to Debt Service Capital $ 116,850 $ 116,850 Yes Non -Departmental Wastewater Impact Transfer to Debt Service Capital $ 50,000 $ 50,000 Yes Public Works W/WW Storm Water Public Education Outreach Capital $ 3,500 $ 3,500 Yes Non -Departmental Drainage One -Time Adjustment Capital $ 11,842 $ 15,342 Yes Public Works Drainage Transfer to Drainage CIP DR9903 Misc. Drainage Improvements Capital $ 66,000 $ 81,342 Yes Public Works Drainage Transfer to Drainage CIP FY2025-26 Drainage Curb & Gutter Improvements Capital $ 100,000 $ 181,342 Yes Non -Departmental PATS PACS PATS One -Time Adjustment Pizza Oven Capital $ 3,260 $ 3,260 Yes Capital $ 10,000 $ 13,260 Yes Non -Departmental Golf One -Time Adjustment Capital $ 23,075 $ 23,075 Yes Golf Golf Marshal/Event Carts Capital $ 117,826 $ 140,901 Yes Golf Golf Ceiling Panels for Grille Dining Room Capital $ 17,000 $ 157,901 No Golf Golf Assistant Kitchen Manager Supplemental $ 97,495 $ 97,495 No Non -Departmental Insurance Human Resources Insurance One -Time Adjustment Fitness/ Health Screenings Capital $ 2,443 $ 2,443 Yes Capital $ 40,000 $ 42,443 Yes Non -Departmental Risk One -Time Adjustment Capital $ 1,971 $ 1,971 Yes "Project may contain both capital and supplemental costs. 38 Required Disclosure Local Government Code 140.0045: Itemization of certain expenditures required in certain political subdivision budgets. Expenditures City Wide: Adjusted Proposed Actual Budget Budget FY24 FY25 FY26 1. Notices required by law to be published in a newspaper by the political subdivision or a representative of the political subdivision: $ 3,516 $ 4,200 $ 4,200 2. Directly or indirectly influencing or attempting to influence the outcome of legislation or administrative action, as those terms are defined in Section 305.002, Government Code: $ - $ 61,200 $ 39 2025 Tax Rate Calculation Worksheet This worksheet will be provided after Tarrant Appraisal District Certification on July 25, 2025. 40