2. Approval of the Lake County Water Authority FY 2027 Recommended Tentative Budget

Water Authority - Regular Meeting · 2026-05-20 · agenda_item

The Lake County Water Authority is proposing its recommended tentative budget for Fiscal Year 2027, totaling $29,050,832. This budget includes funding for operating expenses, capital outlay for projects like the Marine Building and Water Control Structures, grants, and reserves. The proposed millage rate remains unchanged at 0.2940 mills. This item is currently under review, with a recommendation to the Board of County Commissioners planned for June 9, 2026, and final adoption expected by September 22, 2026. The capital outlay portion of this budget would set in motion work related to infrastructure improvements and construction projects. Contractors specializing in site preparation, general construction, and specialized trades such as electrical, plumbing, and HVAC could find opportunities as these projects move through the approval process. Suppliers of building materials and equipment may also see demand. Engaging early before final bids and permits are issued offers a strategic advantage.

estimated budget

29,050,832 $

millage rate

0.2940 mills

taxable values

40,586,493,991 $

taxable values

44,850,151,395 $

ad valorem projections

13,197,145 $

ad valorem projections

13,989,345 $

operating expenses

15,831,757 $

operating expenses

12,169,165 $

capital outlay

9,356,642 $

capital outlay

12,835,110 $

grants and aids

1,999,000 $

grants and aids

2,024,000 $

reserves

1,859,770 $

reserves

1,947,066 $

po cfwd

3,151,047 $

total expenditures

32,273,707 $

total expenditures

29,050,832 $