FY 2024-2025 Final Adopted Budget

,1)5$6758&785( 6(59,&( $5($ 6800$5<

Budget Highlights:

7KH )< $GRSWHG %XGJHW LV LQFUHDVLQJ E\ $30,249,220, or 7.8% 7KH )< EXGJHW LQFOXGHV WKH GHOD\LQJ RI YDULRXV %XLOGLQJ 0DQDJHPHQW 6\VWHP XSJUDGHV IRU DQ DGGLWLRQDO \HDU HTXDWLQJ WR D VDYLQJV RI 7KH )< EXGJHW LQFOXGHV IXQGLQJ IRU WKH QHZ &URVVWRZQ 0D[ EXV URXWH ZKLFK SURYLGHV VHUYLFH HYHU\ PLQXWHV IURP *7&& :HQGRYHU WR WKH :HQGRYHU %ULGIRUG 5HWDLO 'LVWULFW 'XULQJ )< WKH +RSSHU 7UROOH\ VHUYLFH ZLOO SDXVH IRU WKH :LQWHU PRQWKV DQG ZLOO UHVXPH VHUYLFH LQ WKH 6SULQJ 'XULQJ )< WKH 6ROLG :DVWH 5HF\FOLQJ GHSDUWPHQW IRUPHUO\ NQRZQ DV )LHOG 2SHUDWLRQV XQGHUZHQW D PDMRU UHRUJDQL]DWLRQ 7KH 7UDQVSRUWDWLRQ GHSDUWPHQW ZLOO QRZ EH UHVSRQVLEOH IRU WKH 6WUHHWV 0DLQWHQDQFH SURJUDP ZKLFK LV VXSSRUWHG E\ D WUDQVIHU RI )7(V DQG LQ 0DLQWHQDQFH 2SHUDWLRQV IURP WKH 6ROLG :DVWH 5HF\FOLQJ GHSDUWPHQW 7KH 3DUNV 5HFUHDWLRQ GHSDUWPHQW ZLOO QRZ EH UHVSRQVLEOH IRU 5LJKW RI :D\ 0DLQWHQDQFH ZKLFK LV VXSSRUWHG E\ D WUDQVIHU RI )7(V DQG LQ 0DLQWHQDQFH 2SHUDWLRQV IURP WKH 6ROLG :DVWH 5HF\FOLQJ GHSDUWPHQW 2QH )7( &UHZ 0HPEHU SRVLWLRQ ZDV GHOHWHG DV SDUW RI WKH 6ROLG :DVWH 5HF\FOLQJ UHRUJDQL]DWLRQ 7KH )< EXGJHW LQFOXGHV D VHUYLFH HQKDQFHPHQW WR DGG RQH QHZ UHDU ORDGHU VROLG ZDVWH WUXFN IRU WKH \DUG ZDVWH SURJUDP 7KH *HQHUDO )XQG WUDQVIHU WR WKH 3DUNLQJ )XQG ZLOO EH UHGXFHG E\ PLOOLRQ DV DGGLWLRQDO UHYHQXHV DUH DQWLFLSDWHG IURP WKH VDOH RI WKH 'DYLH 6W 3DUNLQJ 'HFN 7KH )< EXGJHW LQFOXGHV WKH WUDQVIHU RI )7(¶V IURP WKH )LHOG 2SHUDWLRQV 6WRUPZDWHU 'LYLVLRQ WR WKH :DWHU 'HSDUWPHQW¶V 6WRUPZDWHU 'LYLVLRQ 7KH QHW ILVFDO DQG )7( LPSDFW WR WKH 6WRUPZDWHU )XQG LV DV WKH HPSOR\HHV H[LVWHG SUHYLRXVO\ LQ )XQG DQG DUH VLPSO\ PRYLQJ IURP RQH GLYLVLRQ WR DQRWKHU GLYLVLRQ 7KH )< EXGJHW LQFOXGHV D LQFUHDVH LQ 6WRUPZDWHU IHHV 6WRUPZDWHU IHHV KDYH QRW LQFUHDVHG LQ WKH &LW\ RI *UHHQVERUR VLQFH 7KH )< EXGJHW LQFOXGHV WKH WUDQVIHU RI )7(¶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