190049 • wnaxlp NOTICE City of Cornell 2027 Budget Hearing Notice is hereby given, that Thursday, Nov. 5, 2026, 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 2027 General Fund Budget. 2026 2026 Actual Proposed Percent Budget Budget Change REVENUES PROPERTY TAXES $405,306 $410,780 OTHER TAXES $73,200 $76,200 INTERGOVERNMENTAL REVENUE $922,227 $949,589 REGULATION AND COMPLIANCE $17,910 $18,080 PUBLIC CHARGES FOR SERVICE $32,020 $31,126 PUBLIC IMPROVEMENTS REVENUE $0 $0 INTERDEPARTMENTAL REVENUE $4,661 $0 MISCELLANEOUS REVENUE $53,600 $58,600 PROCEEDS FROM LONG TERM DEBT $0 $0 TRANSFER FROM OTHER FUND $0 $0 FUND BALANCE APPLIED $0 $3,414 TOTAL REVENUE $1,508,924 $1,547,789 2.6% EXPENDITURES GENERAL GOVERNMENT $220,929 $224,021 PUBLIC SAFETY $696,548 $703,921 TRANSPORTATION $400,149 $415,051 SANITATION $48,597 $49,428 CULTURE & RECREATION $127,615 $142,050 CONSERVATION & DEVELOPMENT $15,086 $13,318 CAPITAL OUTLAY TOTAL EXPENDITURES $1,508,924 $1,547,789 2.6% CAPITAL DEBT PROJECT SERVICE 2027 2026 PERCENT GENERAL FUND FUND TOTAL TOTAL CHANGE Property Tax Contribution $410,478 $0 $131,230 $541,708 $539,759 0.4% Other Revenues $1,137,311 $100,000 $0 $1,237,311 $2,207,071 Total Revenues $1,547,789 $100,000 $131,230 $1,779,019 $2,746,830 Total Expenditures $1,547,789 $43,000 $131,230 $1,722,019 $3,389,474 Excess (Deficit) $0 $57,000 $0 $57,000 -$646,097 Fund Balance Jan. 1 $1,192,642 ($405,467) $0 $787,175 $1,363,184 Apply Fund Balance $0 $57,000 $57,000 -$646,097 Fund Balance Dec. 31 $1,192,642 -$348,467 $0 $844,175 $717,087 190049 • wnaxlp NOTICE City of Cornell 2027 Budget Hearing Notice is hereby given, that Thursday, Nov. 5, 2026, 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 2027 General Fund Budget. 2026 2026 Actual Proposed Percent Budget Budget Change REVENUES PROPERTY TAXES $405,306 $410,780 OTHER TAXES $73,200 $76,200 INTERGOVERNMENTAL REVENUE $922,227 $949,589 REGULATION AND COMPLIANCE $17,910 $18,080 PUBLIC CHARGES FOR SERVICE $32,020 $31,126 PUBLIC IMPROVEMENTS REVENUE $0 $0 INTERDEPARTMENTAL REVENUE $4,661 $0 MISCELLANEOUS REVENUE $53,600 $58,600 PROCEEDS FROM LONG TERM DEBT $0 $0 TRANSFER FROM OTHER FUND $0 $0 FUND BALANCE APPLIED $0 $3,414 TOTAL REVENUE $1,508,924 $1,547,789 2.6% EXPENDITURES GENERAL GOVERNMENT $220,929 $224,021 PUBLIC SAFETY $696,548 $703,921 TRANSPORTATION $400,149 $415,051 SANITATION $48,597 $49,428 CULTURE & RECREATION $127,615 $142,050 CONSERVATION & DEVELOPMENT $15,086 $13,318 CAPITAL OUTLAY TOTAL EXPENDITURES $1,508,924 $1,547,789 2.6% CAPITAL DEBT PROJECT SERVICE 2027 2026 PERCENT GENERAL FUND FUND TOTAL TOTAL CHANGE Property Tax Contribution $410,478 $0 $131,230 $541,708 $539,759 0.4% Other Revenues $1,137,311 $100,000 $0 $1,237,311 $2,207,071 Total Revenues $1,547,789 $100,000 $131,230 $1,779,019 $2,746,830 Total Expenditures $1,547,789 $43,000 $131,230 $1,722,019 $3,389,474 Excess (Deficit) $0 $57,000 $0 $57,000 -$646,097 Fund Balance Jan. 1 $1,192,642 ($405,467) $0 $787,175 $1,363,184 Apply Fund Balance $0 $57,000 $57,000 -$646,097 Fund Balance Dec. 31 $1,192,642 -$348,467 $0 $844,175 $717,087
