175579 • wnaxlp NOTICE City of Cornell 2026 Budget Hearing Notice is hereby given, that Thursday, Nov. 6, 2025, at 6:30 p.m., in the city council chambers, a public hearing on the proposed budget of Cornell, will be held. The proposed budget, in detail, is available for inspection at the city office, from 8 a.m. to 5 p.m., Monday through Friday. The following is a summary of the proposed 2026 General Fund budget. 2025 2026 Percent REVENUES Actual Budget Proposed Budget Change PROPERTY TAXES $360,226 $405,306 OTHER TAXES $88,200 $73,200 INTERGOVERNMENTAL REVENUE $889,092 $922,227 REGULATION AND COMPLIANCE $14,223 $17,910 PUBLIC CHARGES FOR SERVICE $33,720 $32,020 PUBLIC IMPROVEMENTS REVENUE $0 $0 INTERDEPARTMENTAL REVENUE $20 $4,661 MISCELLANEOUS REVENUE $14,800 $53,600 PROCEEDS FROM LONG TERM DEBT $0 $0 TRANSFER FROM OTHER FUND $0 $0 FUND BALANCE APPLIED $46,257 $0 TOTAL REVENUE $1,446,538 $1,508,924 4.4% EXPENDITURES GENERAL GOVERNMENT $211,631 $220,929 PUBLIC SAFETY $646,701 $696,548 TRANSPORTATION $397,768 $400,149 SANITATION $46,022 $48,597 CULTURE & RECREATION $119,507 $127,615 CONSERVATION & DEVELOPMENT $24,909 $15,086 CAPITAL OUTLAY TOTAL EXPENDITURES $1,446,538 $1,508,924 4.4% General Capital Project Debt Service 2026 2025 Percent Fund Fund Total Total Change Property Tax Contribution $405,306 $3,453 $131,000 $529,759 $533,951 1% incr Other Revenues $1,103,618 $1,103,453 $0 $2,207,071 $1,140,055 Total Revenues $1,508,924 $1,106,906 $131,000 $2,746,830 $1,674,006 Total Expenditures $1,508,924 $1,749,550 $131,000 $3,389,474 $1,720,263 Excess (Deficit) $0 -$646,097 $0 -$646,097 -$46,257 Fund Balance Jan. 1 $1,122,554 $240,630 $0 $1,363,184 $1,156,546 Apply Fund Balance $0 -$646,097 -$646,097 -$46,257 Fund Balance Dec. 31 $1,122,554 -$405,467 $0 $717,087 $1,110,289 175579 • wnaxlp NOTICE City of Cornell 2026 Budget Hearing Notice is hereby given, that Thursday, Nov. 6, 2025, at 6:30 p.m., in the city council chambers, a public hearing on the proposed budget of Cornell, will be held. The proposed budget, in detail, is available for inspection at the city office, from 8 a.m. to 5 p.m., Monday through Friday. The following is a summary of the proposed 2026 General Fund budget. 2025 2026 Percent REVENUES Actual Budget Proposed Budget Change PROPERTY TAXES $360,226 $405,306 OTHER TAXES $88,200 $73,200 INTERGOVERNMENTAL REVENUE $889,092 $922,227 REGULATION AND COMPLIANCE $14,223 $17,910 PUBLIC CHARGES FOR SERVICE $33,720 $32,020 PUBLIC IMPROVEMENTS REVENUE $0 $0 INTERDEPARTMENTAL REVENUE $20 $4,661 MISCELLANEOUS REVENUE $14,800 $53,600 PROCEEDS FROM LONG TERM DEBT $0 $0 TRANSFER FROM OTHER FUND $0 $0 FUND BALANCE APPLIED $46,257 $0 TOTAL REVENUE $1,446,538 $1,508,924 4.4% EXPENDITURES GENERAL GOVERNMENT $211,631 $220,929 PUBLIC SAFETY $646,701 $696,548 TRANSPORTATION $397,768 $400,149 SANITATION $46,022 $48,597 CULTURE & RECREATION $119,507 $127,615 CONSERVATION & DEVELOPMENT $24,909 $15,086 CAPITAL OUTLAY TOTAL EXPENDITURES $1,446,538 $1,508,924 4.4% General Capital Project Debt Service 2026 2025 Percent Fund Fund Total Total Change Property Tax Contribution $405,306 $3,453 $131,000 $529,759 $533,951 1% incr Other Revenues $1,103,618 $1,103,453 $0 $2,207,071 $1,140,055 Total Revenues $1,508,924 $1,106,906 $131,000 $2,746,830 $1,674,006 Total Expenditures $1,508,924 $1,749,550 $131,000 $3,389,474 $1,720,263 Excess (Deficit) $0 -$646,097 $0 -$646,097 -$46,257 Fund Balance Jan. 1 $1,122,554 $240,630 $0 $1,363,184 $1,156,546 Apply Fund Balance $0 -$646,097 -$646,097 -$46,257 Fund Balance Dec. 31 $1,122,554 -$405,467 $0 $717,087 $1,110,289
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