FY 27 Proposed Operating Budget

easement purchases, required annual payments of IPAs, scheduled balloon payments on IPAs, and other associated expenses and obligations.

The county's dedicated Agricultural Preservation fund maintains funding levels sufficient to meet the full obligations under the program at the time of settlement through to the completion of agreed payments. Due to the timing of Council approvals of easements, the completion of required surveys and documents, and final settlement dates, the preservation process for one property may span more than one fiscal year. Transfer Tax revenue not expended during the fiscal year in which it was budgeted reverts to the dedicated Agricultural Preservation fund and is made available for expenditure on eligible land preservation in future fiscal years in the form of appropriated fund balance.

DIVISION SUMMARY BY CHARACTER

Ag Preservation COUNTY by Character

FY 24 Audited

FY 25 Audited

FY 26 Approved Budget

FY 27 Proposed Budget

CAPITAL OUTLAY MISCELLANEOUS

$2,397,557 $2,544,267 $4,941,824

$7,859,176 $1,977,084 $9,836,259

$12,250,000 $4,000,000 $16,250,000

$10,000,000 $2,200,000 $12,200,000

TOTAL

DIVISION SUMMARY BY FUND

Ag Pres County by Fund

FY 24 Audited FY 25 Audited FY 26 Approved Budget

FY 27 Proposed Budget

AG PRESERVATION-COUNTY

$4,941,824 $4,941,824

$9,836,259 $9,836,259

$16,250,000 $16,250,000

$12,200,000 $12,200,000

TOTAL

FINANCIAL NOTES CAPITAL OUTLAY DECREASES ($2,250,000) Funding decreases for purchase of ag preservation easements and development rights adjusted based on anticipated expenses and availability of funds. MISCELLANEOUS DECREASES ($1,800,000) Funding decreases related to ag preservation transactions adjusted based on anticipated expenses.

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