FY2026 Budget
FY2026 Budget
The Community Preservation Committee approved its annual budget on April 14, 2025, and the City Council approved the budget on May 20, 2025.
CPA FY2026 Projected Revenue by Source | |
| FY2026 (Projected) |
Local Revenue | $1,874,647 |
State Match- November 2025 (Projected 15.9%) | $299,930 |
Other (Earnings, Interest) | $199,547 |
Total | $2,374,124 |
FY'26 CPA Available Funds Account Summary | ||||
CPA Fund Accounts | FY'25 & Prior Year | Reallocation in FY'25 from Prior Year Projects | FY'26 Approved Funding Allocation | Total Funds Available For FY'26 |
|
|
|
|
|
Category Reserve - Community Housing | $0 |
| $237,412 | $237,412 |
Category Reserve - Open Space/Outdoor Recreation | $0 | $213,538 | $237,412 | $450,950 |
Category Reserve - Historic Preservation | $128,835 |
| $237,412 | $366,247 |
Administrative Account |
|
| $118,706 | $118,706 |
FY'26 Budgeted Reserves |
|
| $1,543,182 | $1,543,182 |
CPA Fund Balance | $988,602 | $286,462 |
| $1,275,064 |
|
|
|
|
|
Totals | $1,117,437 | $500,000 | $2,374,124 | $3,991,561 |
CPA Funding Availability FY2026 includes the CPA Fund Balance equal to $1,275,064, Administrative Fund equal to $118,706, Category Reserve- Community Housing equal to $237,412, Category Reserve- Open Space/Outdoor Recreation equal to $450,950, Category Reserve- Historic Preservation equal to $366,247, FY2026 Budgeted Reserve equal to $1543,182. The total available CPA funds are $3,991,561.