SIDNEY -- The Sidney City Council Tuesday approved the 2025-2026 budget.

Total expenses are projected at almost $40.3 million, and total budgeted revenue at about $33.4 million.

According to Finance Director Kegan Carwin's presentation, 35 percent of the expenditures are in the General Fund, followed by the Electric Department at 28 percent and Streets 15 percent.

"Within the total budget amount, you will see that General will spend almost $14 million. Obviously, some big projects within that account for the Northside Park as well as Safe Streets for All program is well into that Capital side for new landfill expansion for a couple of new cells there," Carwin said Tuesday.

In Carwin's presentation, he showed 41 percent of the budgeted revenue will go to the General Fund, and 29 percent to the Electric Department.

He said the budget implies a deficit. However, the difference between revenue and expenditures is made up with grants and reserves.

He explained that Reserves are being used for projects including road work. The City is also applying for a $5.3 million grant for the Safe Streets for All program.

"The Street Department, for instance, the streets that they'll complete, or I guess we're in design now, but they will complete construction in the current, or in the next fiscal year, which is the one we passed, approved last night. That will all come from reserves. That won't be any future revenue or anything like that," Carwin said today.

The mill levy decreases from .499925 to .475645, but an increase in revenue due to the city's assessed valuation increasing from $493,079,623 to $530,894.310. Of the .475645 mill levy, .3397960 supports the General Fund and .1358493 is for bonded indebtedness.

Carwin said the City has a A+ Bond Rating, and will be making the final payments on two bonds in the 2025-2026 fiscal year: the Aquatic Center and the landfill.