Special Call Meeting — Gulfport, MS
Date: 2025-09-15
Time: 15:00

City Council | Agenda
 Monday, September 15, 2025 – 3:00 – 5:00 PM


 City Hall – Council Chambers
 2309 15th Street, Gulfport




3:00 – 5:00 PM
Declaration of Special Call Meeting
Policy Issues
1 Discussion - on the Mayor's proposed Budget for Fiscal Year beginning October 1, 2025 and
 ending September 30, 2026.

2 Resolution - approving and adopting the Budget for Fiscal Year Ending 2026, as finally
 determined by the City's Governing Authority, and for related purposes.

Setting of Next Meeting and Adjournment




 1|Page
City of Gulfport, Mississippi

City Council | Agenda
 Monday, September 15, 2025 – 3:00 – 5:00 PM


 City Hall – Council Chambers
 2309 15th Street, Gulfport




3:00 – 5:00 PM
Declaration of Special Call Meeting
Policy Issues
1 Discussion - on the Mayor's proposed Budget for Fiscal Year beginning October 1, 2025 and
 ending September 30, 2026.

2 Resolution - approving and adopting the Budget for Fiscal Year Ending 2026, as finally
 determined by the City's Governing Authority, and for related purposes.

Setting of Next Meeting and Adjournment




 1|Page
City of Gulfport, Mississippi
 MAYOR’S
 PROPOSED
 BUDGET

 For the upcoming fiscal year ending
 September 30, 2026




.




 Submitted for City Council on September 12th, 2025


Proposed Budget #5 – 2025.9.12
 Table of Contents
 Page
 Mayor's Submittal Letter -
 City-Wide Summary 1
 General Fund 3
 Summary 3
 Line-Item Budget 4
 Footnotes 8
 Grants, Subsidies, and Allocations 9
 Enterprise Funds 10
 Water and Sewer Fund 11
 Solid Waste Fund 14
 Harbor Operations Fund 15
 Harbor Lights Fund 17
 Special Revenue Funds 18
 Disaster Relief Fund 19
 Community Development Fund 20
 Opioid Settlement Fund 21
 Police and Fire Retirement Fund 22
 Police Federal Forfeitures and Seizures Fund 23
 Police County Forfeitures and Seizures Fund 25
 Coastal Narcotics Enforcement Team Fund 27
 EMS Operations Fund 28
 Fire Rebate Fund 29
 Capital Projects 30
 Capital Projects List 31
 Capital Projects - City Government Fund 32
 Capital Projects - Water and Sewer Fund 33
 Capital Projects - ARPA Fund 35
 Capital Projects - MIMA Bond 37
 Capital Projects - MIMA Use Tax Receipts 39
 Debt Service 41
 Debt Service - Ad Valorem 42
 Debt Service - MIMA Bond 43
 Debt Service - Combined Payment Schedule 44
 Internal Service 45
 Employee Health Insurance 46
 Claims Contingency 48
 Conclusion 50




Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026



 Summary
In summary, the City of Gulfport has a total of 23 different funds.
 • the General Fund;
 • 4 enterprise funds;
 • 9 special revenue funds;
 • 5 capital projects funds;
 • 2 debt service funds; and
 • 2 internal service funds


With this budget, the City is expected to end September 30, 2026 with an estimated net City-wide
fund balance of $77.8 million. See the summary on the next page and the individual fund details
for more information.
Note, that for some individual funds above, if there is a single-year budget deficit (difference
between revenues received and expenditures paid in one fiscal year), this does not indicate there
are any problems with these respective funds. It just indicates that the City is proposing to spend
fund reserves (money acquired in prior fiscal years) in addition to anticipated revenues this year
as explained by the value of the estimated ending fund balance.




 Page 1

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026

 General Fund

 City of Gulfport, MS
 Proposed Budget Summary
 For the Fiscal Year Ending September 30, 2026

 Proposed Proposed Net Net Net
 Total Total Surplus / Estimated Fund Estimated Fund
 Fund Name Revenues Expenses (Deficit) Balance 9/30/2025 Balance 9/30/2026

General Fund $ 76,969,549 $ 76,561,038 $ 408,511 $ 18,942,528 $ 19,351,039
Enterprise Funds:
 Water Sewer Operating 40,086,675 59,725,003 (19,638,328) 41,787,902 22,149,574
 Solid Waste 11,785,000 11,027,578 757,422 1,796,153 2,553,575
 Harbor Operations 1,657,500 1,648,602 8,898 118,700 127,598
 Harbor Lights 2,115,400 2,115,400 - 259,566 259,566
Special Revenue Funds:
  Disaster Relief 45,000 4,314,958 (4,269,958) 5,282,971 1,013,013
 Community Development 11,395,595 11,377,637 17,958 675,900 693,858
 Opioid Settlement - 1,262,928 (1,262,928) 1,262,928 -
 Police and Fire Retirement 895,000 895,000 - - -
  Police Federal Forfeitures and Seizures - - - - -
  Police County Forfeitures and Seizures - 134,823 (134,823) 134,823 -
  Coastal Narcotics Enforcement Team - - - - -
  EMS Operations - 56,266 (56,266) 56,266 -
  Fire Rebate - 1,948,014 (1,948,014) 1,948,014 -
Capital Projects
 Capital Projects - City Govt 27,196,955 34,059,000 (6,862,045) 5,842,564 (1,019,481)
 Capital Projects - Water Sewer 22,808,278 26,247,714 (3,439,436) 3,467,692 28,256
 Capital Projects - ARPA 19,517,898 39,117,898 (19,600,000) 19,962,729 362,729
 Capital Projects - MIMA Bond 21,460,000 49,158,827 (27,698,827) 36,767,565 9,068,738
 Capital Projects - MIMA 2018 Use Tax 18,335,491 18,972,369 (636,878) 12,476,140 11,839,262
Debt Service
 Debt Service - Ad Valorem Taxes 6,350,000 6,401,375 (51,375) 4,200,000 4,148,625
 Debt Service - MIMA Bond 3,600,000 3,523,500 76,500 1,777,000 1,853,500
Internal Service
  Employee Health Insurance 6,455,000 6,725,000 (270,000) 500,000 230,000
  Claims Contingency 3,832,100 2,380,000 1,452,100 5,200,000 5,152,100
Total City Wide Proposed Budget $ 274,505,441 $ 357,652,929 $ (83,147,488) $ 162,459,442 $ 77,811,953

The General Fund, by definition, records the accumulation of resources and the payment of
expenditures for all activities that cannot be accounted for by the other types of funds.
The General Fund accounts for approximately 28% of the City’s budgeted revenues and
approximately 21% of the City’s budgeted expenditures.
Below is the summarized proposed budget followed by the proposed budgets for general fund
revenues and all departmental expenditures.




 Page 2

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




 City of Gulfport, MS
 General Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026

 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

 Total Projected Revenues $ 72,751,750 $ 75,024,185 $ 76,969,549

 Total Summarized Fund Expenditures
 Personnel Services $ 45,226,348 $ 44,095,373 $ 47,209,596
 Materials and Supplies 4,842,628 5,227,549 5,033,389
 Contractual Services 21,567,291 21,571,844 22,039,030
 Capital Outlay 4,000 1,245,895 825,000
 Grants, Subsidies, and Allocations 1,067,643 1,096,143 1,254,023
 Operating Transfers - 4,140,121 200,000
 Total Summarized Fund Expenditures $ 72,707,910 $ 77,376,926 $ 76,561,038

 Net Operating Surplus / (Deficit) $ 43,840 $ (2,352,741) $ 408,511

 Beginning Fund Balance, September 30, 2025, estimated $ 17,442,528

 Cash - In $ 1,500,000

 Ending Fund Balance, September 30, 2026, estimated $ 19,351,039




 Page 3

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026
 City of Gulfport, MS
 General Fund Working Budget
 For the Fiscal Year Ending September 30, 2026

 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Foot Original
 Budget Actuals Note Budget

Operating Revenues
  Property Tax $ 22,800,000 $ 25,261,411 $ 26,090,622
  Sales Tax 28,900,000 28,776,662 29,639,962
  Licenses and Permits 1,750,000 1,764,174 1,774,738
  Franchise Fees 4,100,000 4,100,000 4,100,000
  Gaming Fees 4,725,000 4,600,000 4,600,000
  Grants (Federal, State, Local) 400,000 595,901 400,000
  Court Fines 532,500 467,749 467,739
  Intergovernmental 2,150,000 2,314,259 2,314,259
  Charges for Services 5,200,000 5,074,285 5,502,485
  Rents and Leases 175,000 348,077 348,077
  Interest Earned 1,400,000 1,260,000 1,260,000
  Miscellaneous / Other 226,600 281,096 291,096
  Transfers In from Other Funds 392,400 163,570 163,570
  Other Financing Sources 250 17,000 17,000
  Total Projected Revenues $ 72,751,750 $ 75,024,185 $ 76,969,549


Operating Expenditures:
  Executive (Mayor)
 Personnel Services $ 283,212 $ 294,073 A $ 315,530
 Materials and Supplies 2,750 10,300 2,750
 Contractual Services 35,000 24,670 32,150
 Capital Outlay 4,000 4,000 -
 Total Executive (Mayor) $ 324,962 $ 333,043 $ 350,430

 Legislative (Council)
 Personnel Services $ 523,557 $ 567,002 A $ 583,895
 Materials and Supplies 20,000 11,072 17,000
 Contractual Services 410,000 315,139 405,000
 Capital Outlay 2,500 1,000 -
 Grants, Subsidies, and Allocations 1,067,643 1,096,143 B 1,254,023
 Total Legislative (Council) $ 2,023,700 $ 1,990,356 $ 2,259,918

 Judicial (Courts)
 Personnel Services $ 1,253,877 $ 1,117,990 C $ 1,158,021
 Materials and Supplies 8,500 6,784 D 11,400
 Contractual Services 394,340 390,223 400,683
 Capital Outlay - - -
 Total Judicial (Courts) $ 1,656,717 $ 1,514,997 $ 1,570,104




 Page 4

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026
 City of Gulfport, MS
 General Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026

 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Foot Original
 Budget Actuals Note Budget

 Legal
 Personnel Services $ 1,159,927 $ 1,129,970 $ 1,227,239
 Materials and Supplies 9,359 4,440 6,625
 Contractual Services 338,270 297,682 329,142
 Capital Outlay - - E 5,000
 Total Legal $ 1,507,556 $ 1,432,092 $ 1,568,006

 General Administration and Finance
 Personnel Services $ 1,748,575 $ 1,783,716 F $ 1,869,169
 Materials and Supplies 66,950 59,311 72,400
 Contractual Services 1,608,973 1,493,732 G 1,312,523
 Capital Outlay - - -
 Total General Administration and Finance $ 3,424,498 $ 3,336,759 $ 3,254,092

 Information Technology
 Personnel Services $ 1,113,190 $ 1,052,604 $ 1,085,988
 Materials and Supplies 51,000 31,500 42,000
 Contractual Services 1,455,036 1,447,752 H 1,729,067
 Capital Outlay - - -
 Total Information Technology $ 2,619,226 $ 2,531,856 $ 2,857,055

 Police
 Personnel Services $ 18,433,841 $ 18,164,559 I $ 20,407,977
 Materials and Supplies 1,819,706 1,974,305 1,819,706
 Contractual Services 2,685,525 2,910,044 2,723,025
 Capital Outlay - 439,460 J 500,000
 Total Police $ 22,939,072 $ 23,488,368 $ 25,450,708

 Fire
 Personnel Services $ 13,926,733 $ 13,462,543 $ 14,023,595
 Materials and Supplies 985,363 1,159,753 990,363
 Contractual Services 626,947 667,383 626,147
 Capital Outlay - 34,242 -
 Total Fire $ 15,539,043 $ 15,323,921 $ 15,640,105




 Page 5

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026
 City of Gulfport, MS
 General Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026

 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Foot Original
 Budget Actuals Note Budget

 Public Works
 Personnel Services $ 927,805 $ 903,565 $ 870,912
 Materials and Supplies 913,000 1,155,235 K 1,199,500
 Contractual Services 6,483,074 6,737,688 6,981,529
 Capital Outlay - 435,294 310,000
 Total Public Works $ 8,323,879 $ 9,231,783 $ 9,361,942

 Engineering
 Personnel Services $ 828,816 $ 737,382 L $ 580,437
 Materials and Supplies 17,000 16,725 17,000
 Contractual Services 2,788,126 2,387,869 2,401,750
 Capital Outlay - - 10,000
 Total Engineering $ 3,633,942 $ 3,141,976 $ 3,009,187

 Leisure Services
 Personnel Services $ 2,899,681 $ 2,826,681 $ 2,895,215
 Materials and Supplies 802,500 663,470 712,845
 Contractual Services 4,000,000 3,877,472 M 4,142,015
 Capital Outlay - 331,299 -
 Total Leisure Services $ 7,702,181 $ 7,698,923 $ 7,750,075

 Urban Development
 Personnel Services $ 1,556,124 $ 1,566,337 N $ 1,615,224
 Materials and Supplies 40,000 33,219 36,300
 Contractual Services 385,000 751,027 O 598,249
 Capital Outlay - 600 -
 Total Urban Development $ 1,981,124 $ 2,351,183 $ 2,249,773

 City Events
 Personnel Services $ 150,136 $ 129,864 $ 155,520
 Materials and Supplies 7,000 5,694 6,000
 Contractual Services 106,000 75,461 106,750
 Capital Outlay - - -
 Total City Events $ 263,136 $ 211,019 $ 268,270




 Page 6

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026
 City of Gulfport, MS
 General Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026

 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Foot Original
 Budget Actuals Note Budget

 Building Maintenance
 Personnel Services $ 420,874 $ 359,087 $ 420,874
 Materials and Supplies 99,500 95,741 99,500
 Contractual Services 251,000 195,702 251,000
 Capital Outlay - - -
 Total Building Maintenance $ 771,374 $ 650,531 $ 771,374

 Operating Transfers $ - $ 250,000 P $ 200,000


 Total Expenditures $ 72,707,910 $ 77,376,926 $ 76,561,038



 Net Operating Surplus / (Deficit) $ 43,840 $ (2,352,741) $ 408,511

 Beginning Fund Balance, September 30, 2025, estimated $ 17,442,528

 Cash - In 1,500,000

 Ending Fund Balance, September 30, 2026, estimated $ 19,351,039




 Page 7

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026



 City of Gulfport, MS
 General Fund Proposed Budget Footnotes
 For the Fiscal Year Ending September 30, 2026
 AAll of this budget line increase is attributed to an increase in Elected Officials Salary
 effective 7/1/2025.
 B This line item is approximately $63k more than last year. This is due to advertising being
 associated with the grants, subsidies, and allocations being included.
 C Reduced by eliminated funding for 1 Full time employee.
 D Added a Line for Uniforms in the amount of $3000.00
 E Increased allocation for Computer Equipment

 F Increase due to $128K from addition of Deputy Clerk and associated Fringe (FICA,
 PERS, Workman's Comp, Unemployment, & Clinic);
 G Reduction in FY2026 Due to elimination of one-time Election Expenses of $220K
 H Annual Lease for new phone equipment & Increase in Maintenance Contracts

 I Provides funding to staff of 148 Sworn Officers, add 2 Non-Sworn Officers and 3%
 increase for Sworn officers in order to support Officer Retention.
 J Capital Outlay for replacement of aging patrol vehicles

 K Requested increase for $200K in Materials & Supplies for Streets & Drainage; $117K
 requested for Traffic Control & Signal Supplies
 L Reduced due to FT employees moved over to Water and Sewer
 M Increase due to Full Year of Consultant Services Contract
 N Increase in Personnel Services line to fund Assistant Director Position
 O Increase allocation for outsourced permit applications contracts and Comp Plan contract
 P Transfer out to Harbor to support operating deficit




 Page 8

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026
Grants, Subsidies, and Allocations:
This General Fund budget also includes grants, subsidies, and allocations provided to outside
organizations as allowed by Mississippi state statutes.

 Grants, Subsidies, and Allocations:
  Fiscal Year Ended September 30, 2026
 FY 2025 Requested Proposed
  Harrison County Library 516,000.00 531,480.00 531,480.00 *
  Coast Transit Authority - Operating 418,000.00 466,000.00 466,000.00 *
  MVFHA 35,200.00 33,600.00 33,600.00
  Gulf Regional Planning 30,943.00 30,943.00 30,943.00
  Harrison County Soil & Conservation 15,500.00 15,500.00 15,500.00
  Gulf Coast Center for Nonviolence 27,500.00 30,000.00 30,000.00
  Women's Resource Center 8,500.00 10,000.00 10,000.00
  Disabilty Connection 2,500.00 2,500.00 2,500.00
  American Red Cross 7,000.00 7,500.00 7,500.00
  Mental Health Association of South MS 15,000.00 15,000.00
  NAACP - Scholarship 3,500.00 3,500.00
  BGCGC 1,500.00 1,500.00
  CASA 10,000.00 10,000.00 10,000.00
  TrainTastic 2,500.00 5,000.00 2,500.00
  Lynn Meadows Discovery Center 2,500.00 25,000.00 2,500.00
 1,096,143.00 1,167,523.00 1,162,523.00
  Advertising
  Gulf Coast Legislative Reception 1,500.00 1,500.00
  Cruisin' the Coast 24,000.00 24,000.00
  Gulfport Main Street Association 32,000.00
  Gumbo Fest 15,000.00 15,000.00
  View the Cruise 10,000.00 10,000.00
  Mistletoe & Main Street 7,000.00 7,000.00
  Team Fusion 3,500.00 3,500.00 3,500.00
  HCSD Career & Technial 3,500.00 3,500.00
  Junior Auxiliary of Gulfport for the Children - 2,500.00 2,500.00
  Center Stage 1,000.00 1,000.00
  Port City Bowl 3,500.00 3,500.00
  Wreaths for Biloxi National Cemetery 5,000.00 5,000.00
  MS Coast Crime Stoppers 3,000.00 5,000.00 5,000.00
 76,500.00 81,500.00
  UNOBLIGATED 10,000.00 10000 10,000.00
  TOTAL 1,172,643.00 1,177,523.00 1,254,023.00


 * Items are proposed to be paid out as an allocation of Millage in the same manner the Gulport School
 District is paid for next year (FY2027).




 Page 9

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




 Enterprise Funds
Enterprise funds are used to account for activities where users are charged a fee for the service
provided. Enterprise funds use the accrual basis of accounting and act very similar to how a private
business would operate.
The City utilizes four enterprise funds:
 • Water Sewer Operations – tracks the revenues and expenses related to providing a public
 water and sewer utility to the citizens of the City.
 • Solid Waste – tracks the revenues and expenses related to providing solid waste collection
 services to the citizens of the City.
 • Harbor Operations – tracks the revenues and expenses related to providing boat slip rental,
 fuel sales, and such at Jones Harbor.
 • Harbor Lights – tracks the revenues and expenses related to operating the City’s holiday
 Harbor Lights show presentation.
The enterprise funds account for approximately 20% of the City’s budgeted revenues and
approximately 21% of the City’s budgeted expenses.




 Page 10

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026
Water Sewer Fund
Budgeted revenues and expenses for the Water Sewer Fund are as follows.
 City of Gulfport, MS
 Water Sewer Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026

 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Foot Original
 Budget Actuals Note Budget

Operating Revenues
  Charges for Services $ 34,000,000 $ 35,760,375 A $ 35,700,000
  Rents and Leases 400,000.00 400,000 400,000
  Interest Earned 1,650,000 1,700,000 1,600,000
  Miscellaneous / Other 1,800,000 2,540,205 2,386,675
  Transfers In from Other Funds 520,200 -
  Total Projected Revenues $ 38,370,200 $ 40,400,580 $ 40,086,675


Operating Expenses:
  Utility Billing
 Personnel Services $ 1,498,271 $ 1,296,086 $ 1,498,271
 Materials and Supplies 150,000 91,471 142,800
 Contractual Services 4,975,000 4,852,084 4,975,000
 Capital Outlay 225,000 220,000 65,000
 Total Utility Billing Operations $ 6,848,271 $ 6,459,640 $ 6,681,071

 Water Operations
 Personnel Services $ 78,511 $ 63,458 B $ 339,295
 Materials and Supplies 2,350,000 2,567,076 2,535,000
 Contractual Services 5,914,744 7,027,976 5,847,078
 Capital Outlay 405,000 60,000 C 450,000
 Total Water Operations $ 8,748,255 $ 9,718,510 $ 9,171,373

 Sewer Operations
 Personnel Services $ 75,346 $ 63,788 D $ 243,254
 Materials and Supplies 1,305,000 849,913 898,500
 Contractual Services 4,772,303 6,824,183 5,696,528
 Capital Outlay 350,000 242,875 E 350,000
 Total Sewer Operations $ 6,502,649 $ 7,980,759 $ 7,188,282

 HCUA Sewer Treatment
 Contractual Services $ 7,690,000 $ 7,690,000 F $ 8,355,650
 Total HCUA Sewer Treatment $ 7,690,000 $ 7,690,000 $ 8,355,650




 Page 11

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




 City of Gulfport, MS
 Water Sewer Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026

 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Foot Original
 Budget Actuals Note Budget

 Water Sewer Projects
 Transfer to Capital Projects - Water Sewer $ 3,250,000 $ 3,250,000 G $ 20,758,278
 Transfer to Captial Projects - ARPA - 3,188,683 G 2,329,063
 Total Water Sewer Projects $ 3,250,000 $ 6,438,683 $ 23,087,341

 Water Sewer Debt Services
 Debt Service $ 5,307,038 $ 5,305,171 $ 5,241,286
 Total Water Sewer Debt Services $ 5,307,038 $ 5,305,171 $ 5,241,286


 Total Expenditures $ 38,346,213 $ 43,592,763 $ 59,725,003


 Net Operating Surplus / (Deficit) $ 23,987 $ (3,192,184) $ (19,638,328)

 Beginning Fund Balance, September 30, 2025, estimated 41,787,902

 Ending Fund Balance, September 30, 2026, estimated $ 22,149,574




 Page 12

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




 City of Gulfport, MS
 Water Sewer Fund Proposed Budget Footnotes
 For the Fiscal Year Ending September 30, 2026
 A No rate increase is proposed for this fiscal year.
 Moving over 2 FTE's, 25% of 3 Staff and 25% of Engineering from Public works to
 B
 Water to reflect duties and responsibilities with Water and Sewer
 C 350K in planned expenses and $100K for vehicles
 Moving over 1 FTE, 25% of 3 Staff, and 25% Engineering costs to reflect duties and
 D
 responsibilities with Water and Sewer
 E Regular Recuring large expenses
 This line item increase is due to the budgeted increase from Harrison County Utility
 F
 Authority contract for sewer treatment.
 Planned Special Allocations to Wards 1,2, & 6 to include:
 Ward 1 - $4M - Southwest Gulfport main improvement project phase 1
 G
 Ward 2 - $4M - College Park water main improvement project
 Ward 6 - $3M - Klein Road area water main improvement project




 Page 13

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


Solid Waste
Budgeted revenues and expenses for the Solid Waste Fund are below.




 City of Gulfport, MS
 Solid Waste Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026

 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Charges for Services $ 11,000,000 $ 11,673,534 $ 11,700,000
  Interest Earned 65,000 83,350 85,000
  Total Projected Revenues $ 11,065,000 $ 11,756,884 $ 11,785,000


Operating Expenses:
  Personnel Services $ 88,074 $ 86,731 $ 87,304
  Contractual Services 10,940,274 10,124,000 10,940,274
  Total Expenditures $ 11,028,348 $ 10,210,731 $ 11,027,578


 Net Operating Surplus / (Deficit) $ 36,652 $ 1,546,153 $ 757,422

 Beginning Fund Balance, September 30, 2025, estimated 1,796,153

 Ending Fund Balance, September 30, 2026, estimated $ 2,553,575




 Page 14

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


Harbor Operations
Budgeted revenues and expenses for the Harbor Operations Fund are below.


 City of Gulfport, MS
 Harbor Operations Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026

 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Foot Original
 Budget Actuals Note Budget

Operating Revenues
  Charges for Services $ 815,500 $ 762,892 $ 821,000
  Fuel Sales 450,000 450,000 450,000
  Rents and Leases 70,400 77,443 76,400
  Interest Earned 3,000 7,321 6,000
  Miscellaneous / Other 3,500 2,700 4,100
  Transfers In from Other Funds 100,000 350,000 A 300,000
  Total Projected Revenues $ 1,442,400 $ 1,650,356 $ 1,657,500


Operating Expenses:
  Personnel Services $ 585,861 $ 561,924 B $ 593,821
  Materials and Supplies 172,000 128,358 155,900
  Fuel for Resale 400,000 424,794 400,000
  Other Services and Charges 459,531 419,279 446,381
  Capital Outlay 50,000 57,162 C 52,500
  Total Expenditures $ 1,667,392 $ 1,591,518 $ 1,648,602


 Net Operating Surplus / (Deficit) $ (224,992) $ 58,839 $ 8,898

 Beginning Fund Balance, September 30, 2025, estimated $ 118,700

 Ending Fund Balance, September 30, 2026, estimated $ 127,598




 Page 15

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




 City of Gulfport, MS
 Harbor Operations Fund Proposed Budget Footnotes
 For the Fiscal Year Ending September 30, 2026
 $100K Transfer in from Harbor Lights:$200K from General Fund to cover operating
 A
 deficit
 B Status quo salaries; increase from increased health costs
 C $45K for Maintenance vehicle (truck) & $7.5K to replace golf cart




 Page 16

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


Harbor Lights
Budgeted revenues and expenses for the Harbor Lights Fund are below.



 City of Gulfport, MS
 Harbor Lights Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026

 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Charges for Services $ 1,860,000 $ 1,442,129 $ 1,860,000
  Sponsorships 225,000 225,000 235,000
  Interest Earned 50,000 34,500 20,400
  Total Projected Revenues $ 2,135,000 $ 1,701,629 $ 2,115,400


Operating Expenses:
  Personnel Services $ 586,378 $ 443,164 $ 608,529
  Materials and Supplies 218,500 191,350 226,371
  Other Services and Charges 978,600 940,026 1,030,500
  Capital Outlay 250,000 189,000 150,000
  Transfers To / Out 100,000 100,000 100,000
  Total Expenditures $ 2,133,478 $ 1,863,540 $ 2,115,400


 Net Operating Surplus / (Deficit) $ 1,522 $ (161,911) $ -

 Beginning Fund Balance, September 30, 2025, estimated $ 259,566

 Ending Fund Balance, September 30, 2026, estimated $ 259,566




 Page 17

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026



 Special Revenue Funds
Special revenue funds account for the proceeds of specific revenue sources that are restricted or
committed to expenditures for specific purposes.
The City utilizes nine special revenue funds:
 • Disaster Relief – This fund is used to account for all federal and state grants and
 contributions that are associated with responding to natural and man-made disasters.
 • Community Development – This fund is used to account for HUD grant revenues and
 contributions received from the federal government that are to be used to support eligible
 affordable housing, economic, and community development activities.
 • Opioid Settlement – This fund is used to account for revenues and expenditures associated
 with the opioid litigation and settlement.
 • Police and Fireman’s Retirement Fund - This fund is used to account for tax revenues
 legally restricted for funding the police and firemen’s retirement plan. All collections are
 forwarded to the Public Employee’s Retirement System (PERS) for a closed fire and police
 retirement system managed by PERS.
 • Police Federal Forfeitures and Seizures Fund - This fund is used to account for federal
 monies seized and forfeited through drug enforcement actions and are specifically
 restricted for drug enforcement expenditures and other such public safety operations.
 • Police County Forfeitures and Seizures Fund - This fund is used to account for county
 monies seized and forfeited through drug enforcement actions and are specifically
 restricted for drug enforcement expenditures and other such public safety operations.
 • Coastal Narcotics Enforcement Team Fund – This fund is used to account for monies
 associated with the Coastal Narcotics Enforcement Team task force.
 • EMS Operations – This fund is used to account for intergovernmental revenues and the
 associated expenditures associated with operating our own EMS district.
 • Fire Rebate – This fund is used to accumulate and account for intergovernmental revenues
 and the associated expenditures with fire insurance rebate funds.


The special revenues funds account for approximately 4% of the City’s budgeted revenues and
approximately 6% of the City’s budgeted expenditures.




 Page 18

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


Disaster Relief
Budgeted revenues and expenses for the Disaster Relief Fund are below.


 City of Gulfport, MS
 Disaster Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026


 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Grants (Federal, State, Local) $ - $ - $ -
  Interest Earned 150,000 48,844 45,000
  Loan From General Fund 5,000,000 5,000,000
  Total Projected Revenues $ 5,150,000 $ 5,048,844 $ 45,000


Operating Expenses:
  Capital Outlay $ 5,445,756 $ 1,996,723 $ 4,314,958
  Total Expenditures $ 5,445,756 $ 1,996,723 $ 4,314,958

 Net Operating Surplus / (Deficit) $ (295,756) $ 3,052,122 $ (4,269,958)

 Beginning Fund Balance, September 30, 2025, estimated $ 5,282,971

 Ending Fund Balance, September 30, 2026, estimated $ 1,013,013


Projects associated with these revenues and expenditures are included in the Capital Projects
Listing.




 Page 19

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


Community Development
Budgeted revenues and expenses for the Community Development Fund are below.
 City of Gulfport, MS
 Community Development Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026

 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Grant Revenue - CDBG 4,150,721 208,601 5,770,272
  Grant Revenue - HOME 3,412,207 69,000 5,600,324
  Interest Income 25,000 25,000 25,000
  Total Projected Revenues $ 7,587,928 $ 302,601 $ 11,395,595


Operating Expenses:
  Reimbursable Expenses:


 CDBG - Total Exenditures 4,150,721 - 5,779,363

 HOME - Total Expenditures 3,333,075 220,967 5,577,274

 Non-Reinbursable Expenses:
 Administrative Costs 25,800 - 21,000




 Total Expenditures $ 7,509,596 $ 220,967 $ 11,377,637




 Net Operating Surplus / (Deficit) $ 78,332 $ 81,634 $ 17,958

 Beginning Fund Balance, September 30, 2025, estimated $ 675,900

 Ending Fund Balance, September 30, 2026, estimated $ 693,858




 Page 20

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


Opioid Settlement Fund
Budgeted revenues and expenses for the Opioid Settlement Fund are below.
 City of Gulfport, MS
 Opioid Settlement Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026


 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Legal Settlement Proceeds $ - $ - $ -
  Interest Earned 15,000 49,985 -
  Total Projected Revenues $ 15,000 $ 49,985 $ -


Operating Expenditures:
  Contractual Services $ 481,290 $ - $ 1,262,928
  Total Expenditures $ 481,290 $ - $ 1,262,928

 Net Operating Surplus / (Deficit) $ (466,290) $ 49,985 $ (1,262,928)

 Beginning Fund Balance, September 30, 2025, estimated $ 1,262,928

 Ending Fund Balance, September 30, 2026, estimated $ -



This special revenue fund is used to account for the accumulation and allocation of costs
associated with settlement funds from the Mississippi opioid settlement.

To ensure this fund does not over spend the fund balance available at any given time, revenues are
purposefully not budgeted and expenditures are budgeted at the fund balance available as part of
the original budget process. When settlement funds are received during the fiscal year, a budget
amendment will be submitted to increase revenues and increase expenditures to ensure budgeted
expenditures will constantly match the fund balance available at that point in time.




 Page 21

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


Police and Fireman’s Retirement Fund
Budgeted revenues and expenses for the Police and Fireman’s Retirement Fund are below.
 City of Gulfport, MS
 Special Revenues - Public Employees Retirement Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026


 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Property Tax $ 834,470 $ 834,470 $ 895,000
  Total Projected Revenues $ 834,470 $ 834,470 $ 895,000


Operating Expenses:
  Payments to PERS $ 834,470 $ 834,470 $ 895,000
  Total Expenditures $ 834,470 $ 834,470 $ 895,000

 Net Operating Surplus / (Deficit) $ - $ - $ -

 Beginning Fund Balance, September 30, 2025, estimated $ -

 Ending Fund Balance, September 30, 2026, estimated $ -



Note that this is merely a pass-through fund for dedicated ad-valorem tax collections that are
remitted to PERS.




 Page 22

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


Police Federal Forfeiture and Seizure Fund
Budgeted revenues and expenses for the Police Federal Forfeiture and Seizure Fund are below.
 City of Gulfport, MS
 Special Revenues - Federal Police Forfeit Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026


 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Intergovernmetnal Revenues $ - $ 93,105 $ -
  Interest Earnings 5,000 5,377 -
  Operating Transfers - 20,349 -
  Total Projected Revenues $ 5,000 $ 118,831 $ -


Operating Expenses:
  Materials and Supplies $ 15,000 $ 330 $ 15,000
  Contractual Services 1,217 - 5,000
  Capital Outlay 123,029 11,560 167,029
  Total Expenditures $ 139,246 $ 11,890 $ 187,029

 Net Operating Surplus / (Deficit) $ (134,246) $ 106,941 $ (187,029)

 Beginning Fund Balance, September 30, 2025, estimated $ 187,029

 Ending Fund Balance, September 30, 2026, estimated $ -



This special revenue fund is used to account for the accumulation and allocation of costs
associated with federal forfeitures and seizures.

To ensure this fund does not over spend the fund balance available at any given time, revenues are
purposefully not budgeted and expenditures are budgeted at the fund balance available as part of
the original budget process. When settlement funds are received during the fiscal year, a budget
amendment will be submitted to increase revenues and increase expenditures to ensure budgeted
expenditures will constantly match the fund balance available at that point in time.

 Page 23

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




Revenues received throughout the year and the respective corresponding expenditure amounts will
be added by budget amendment. This is completely dependent on the size and quantity of drug
related enforcement and those related forfeitures and seizures.




 Page 24

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


Police County Forfeiture and Seizure Fund
Budgeted revenues and expenses for the Police County Forfeiture and Seizure Fund are below.
 City of Gulfport, MS
 Special Revenues - County Police Forfeit Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026


 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Intergovernmental Revenues $ - $ 20,545 $ -
  Interest Earnings 5,000 4,871 -
  Transfers In - 3,996 -
  Other Financing Sources - 94 -
  Total Projected Revenues $ 5,000 $ 29,506 $ -


Operating Expenses:
  Materials and Supplies $ 24,126 $ 280 $ 15,000
  Contractual Services 35,929 - 5,000
  Capital Outlay 100,007 - 114,823
  Total Expenditures $ 160,062 $ 280 $ 134,823

 Net Operating Surplus / (Deficit) $ (155,062) $ 29,226 $ (134,823)

 Beginning Fund Balance, September 30, 2025, estimated $ 134,823

 Ending Fund Balance, September 30, 2026, estimated $ -



This special revenue fund is used to account for the accumulation and allocation of costs
associated with county forfeitures and seizures.

To ensure this fund does not over spend the fund balance available at any given time, revenues are
purposefully not budgeted and expenditures are budgeted at the fund balance available as part of
the original budget process. When settlement funds are received during the fiscal year, a budget
amendment will be submitted to increase revenues and increase expenditures to ensure budgeted
expenditures will constantly match the fund balance available at that point in time.


 Page 25

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


Revenues received throughout the year and the respective corresponding expenditure amounts will
be added by budget amendment. This is completely dependent on the size and quantity of drug
related enforcement and those related forfeitures and seizures.




 Page 26

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


Coastal Enforcement Narcotics Team Fund
Budgeted revenues and expenditures for the Coastal Enforcement Narcotics Team Fund are below.
 City of Gulfport, MS
  Special Revenues - Coastal Narcotics Enforcement Team (CNET) Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026


 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Intergovernmental Revenue $ - $ 169 $ -
  Interest Earnings 5,000 4,873 -
  Total Projected Revenues $ 5,000 $ 5,042 $ -


Operating Expenses:
  Materials and Supplies $ 24,126 $ - $ 15,000
  Capital Outlay 78,791 - 107,654
  Total Expenditures $ 102,917 $ - $ 122,654

 Net Operating Surplus / (Deficit) $ (97,917) $ 5,042 $ (122,654)

 Beginning Fund Balance, September 30, 2025, estimated $ 122,654

 Ending Fund Balance, September 30, 2026, estimated $ -



This special revenue fund is used to account for the accumulation and allocation of costs
associated with Coastal Narcotics Enforcement Team forfeitures and seizures.

To ensure this fund does not over spend the fund balance available at any given time, revenues are
purposefully not budgeted and expenditures are budgeted at the fund balance available as part of
the original budget process. When settlement funds are received during the fiscal year, a budget
amendment will be submitted to increase revenues and increase expenditures to ensure budgeted
expenditures will constantly match the fund balance available at that point in time.



 Page 27

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


EMS Operations Fund
Budgeted revenues and expenditures for the EMS Operations Fund are below.
 City of Gulfport, MS
 Special Revenues - EMS Operations Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026


 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Intergovernmental Revenues $ 40,000 $ 44,472 $ -
  Interest Earnings 250 1,220 -
  Total Projected Revenues $ 40,250 $ 45,692 $ -


Operating Expenses:
  Capital Outlay $ 84,472 $ - $ 56,266
  Total Expenditures $ 84,472 $ - $ 56,266

 Net Operating Surplus / (Deficit) $ (44,222) $ 45,692 $ (56,266)

 Beginning Fund Balance, September 30, 2025, estimated $ 56,266

 Ending Fund Balance, September 30, 2026, estimated $ -



This special revenue fund is used to account for the accumulation and allocation of costs
associated with EMS operations .

To ensure this fund does not over spend the fund balance available at any given time, revenues are
purposefully not budgeted and expenditures are budgeted at the fund balance available as part of
the original budget process. When settlement funds are received during the fiscal year, a budget
amendment will be submitted to increase revenues and increase expenditures to ensure budgeted
expenditures will constantly match the fund balance available at that point in time.




 Page 28

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


Fire Rebate Fund
Budgeted revenues and expenditures for the Fire Rebate Fund are below.
 City of Gulfport, MS
 Special Revenues - Fire Rebate Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026


 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Intergovernmental Revenues $ 450,000 $ - $ -
  Interest Earnings 60,000 77,738 -
  Total Projected Revenues $ 510,000 $ 77,738 $ -


Operating Expenses:
  Capital Outlay $ 1,897,875 $ - $ 1,948,014
  Total Expenditures $ 1,897,875 $ - $ 1,948,014

 Net Operating Surplus / (Deficit) $ (1,387,875) $ 77,738 $ (1,948,014)

 Beginning Fund Balance, September 30, 2025, estimated $ 1,948,014

 Ending Fund Balance, September 30, 2026, estimated $ -



This special revenue fund is used to account for the accumulation and allocation of costs
associated with fire rebate money .

To ensure this fund does not over spend the fund balance available at any given time, revenues are
purposefully not budgeted and expenditures are budgeted at the fund balance available as part of
the original budget process. When settlement funds are received during the fiscal year, a budget
amendment will be submitted to increase revenues and increase expenditures to ensure budgeted
expenditures will constantly match the fund balance available at that point in time.




 Page 29

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026



 Capital Projects Fund
Capital projects funds are used to account for the financial resources used for the acquisition or
construction of major capital projects.
The City utilizes five capital projects funds:
 • Capital Projects – City Government – This fund is used to account for capital projects
 funded by either the City or through state-sourced grants such as Tidelands, RESTORE,
 MDOT, CDBG, and HUD - HOME.
 • Capital Projects – Water Sewer – This fund is used to account for capital projects funded
 primarily by or for the benefit of water and sewer customers.
 • Capital Projects – ARPA – This fund is used to account for capital projects funded by the
 American Rescue Plan Act of 2021.
 • Capital Projects – MIMA 2018 Use Tax Bond – This fund is used to account for capital
 projects funded by the bond proceeds from the $45 million Series 2021 bond issuance
 related to the future MIMA use tax receipts.
 • MIMA 2018 Use Tax Receipts – This fund is used to account for all use tax receipts
 associated with the Mississippi Infrastructure and Modernization Act of 2018 and its
 authorized expenditures for public infrastructure.
The capital projects funds account for approximately 40% of the City’s budgeted revenues and
approximately 47% of the City’s budgeted, expenditures.




 Page 30

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


Capital Projects – City Government
Budgeted revenues and expenditures for the Capital Projects – City Government Fund are
below.

 City of Gulfport, MS
 Capital Projects - Grant and City Gov't Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026


 FY2026
 Proposed
 Original
 Budget

Operating Revenues
  Grants (Federal, State, Local) $ 26,896,955
  Interest Earned 300,000
  Total Projected Revenues $ 27,196,955


Operating Expenses:
  Capital Outlay $ 34,059,000 *
  Total Expenditures $ 34,059,000

 Net Operating Surplus / (Deficit) $ (6,862,045)

 Beginning Fund Balance, September 30, 2025, estimated $ 5,842,564

 Ending Fund Balance, September 30, 2026, estimated $ (1,019,481)



* HUD CDBG Entitlement may contribute approximately $2 million in additional
funding towards Public Facilities and Improvements as was approved by City Council in
the 2025 Action Plan and 2017-2024 Substantial Amendment on July 22, 2025. Specific
projects will be determined with input from the public and Council.
For more information on City Government projects, please see the proceeding list of
projects and funding sources.


 Page 31

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026
 Reconciliation from FY25 Budgeted Projects to FY26 Budgeted Projects



 FY 25 Original FY25 Budget Actual FY25 Total FY26
 Project Name Budget Amendments Expenditures Budgeted Amount
 EPA STORMWATER PHASE 2 PROJECTS 100,000 - - 100,000
 TIDELANDS - GULFPORT BOAT LAUNCH - 67,752 - 67,752
 FORREST HEIGHTS BRAINAGE PROJECT 907,110 - - 907,110
 COURTHOUSE RD.BOAT LAUNCH PRJ. 960,622 - 91,573 1,052,195
 BAYOU BERNARD JAMES HILL PARK PRJ. 102,134 - 91,890 194,024
 DREDGING - BRICKYARD BAYOU 272,766 - - 272,766
 CITY HALL BUILDING IMPROVEMENTS 227,872 - - 227,872
 CITY HALL CONFERENCE ROOM FURNITURE 8,707 - - 8,707
 HARDY BUILDING 2ND FLOOR IMPROVE 4,370 - - 4,370
 CITY WEBSITE 20,190 - - 20,190
 CITY BUILDINGS AIR CONDITIONERS 42,897 (42,897) - -
 O'NEAL RD WIDEN AT KCS RR 377,478 80,000 245,745 703,223
 AQUARIUM-PENGUIN HABITAT 1,335,000 - - 1,335,000
 COFFEE CREEK SEWER REHAB PROJECT 2,497,590 - 45,151 2,542,741
 TIDELANDS-RICHARDS BAYOU DREDGING 375,700 212,501 6,500 594,701
 TIDELANDS-REMOVABLE RESTROOMS - 84,000 81,800 165,800
 GULFPORT COMMERCE CORRIDOR 20,086,400 - 65,040 20,021,360
 CARNEGIE LIBRARY IMPROVEMENT GRANT 115,382 - 106,837 8,545
 IT INFRASTRUCTURE IMPROVEMENTS 222,042 (15,020) 28,363 178,659
 FIRE STATION 7 REPAIRS 91,300 - 80,749 10,551
 HWY 90 SIDEWALK - LEGACY AND DEBUYS 50,000 20,000 63,862 6,138
 FIRE STATION 2 REBUILD 11,725 - 13,441 (1,716)
 BAYOU VIEW PARK IMPROVEMENTS 13,851 - - 13,851
 WARD 1 CAPITAL IMPROVEMENT PROJECTS 335,000 - 203,909 131,091
 WARD 2 CAPITAL IMPROVEMENT PROJECTS 295,000 (20,000) - 275,000
 WARD 3 CAPITAL IMPROVEMENT PROJECTS 335,000 - 193,983 141,017
 WARD 4 CAPITAL IMPROVEMENT PROJECTS 335,000 - - 335,000
 WARD 5 CAPITAL IMPROVEMENT PROJECTS 335,000 (106,250) - 228,750
 WARD 6 CAPITAL IMPROVEMENT PROJECTS 335,000 (106,250) 40,853 187,897
 WARD 7 CAPITAL IMPROVEMENT PROJECTS 335,000 - 24,255 310,745
 SPORTSPLEX CAPITAL IMPROVEMENTS 200,000 - 164,483 35,517
 SCHOOL ZONE TRAFIC SAFETY 252,333 - - 252,333
 JONES PARK HARBOR PARKING EXPANSION 1,715,000 - - 1,715,000
 CITY COUNCIL CAPITAL - 50,000 17,558 32,442
 MUNICIPAL COURTS CAPITAL - 15,700 11,183 4,517
 LEGAL CAPITAL - 10,000 - 10,000
 GEN ADMIN POLE BANNERS - 30,000 - 30,000
 GEN ADMIN COMPUTERS AND IPADS - 30,000 1,201 28,799
 IT COMPUTER REFRESH - 75,000 70,027 4,973
 IT CISCO LEASE - 145,000 - 145,000
 IT VEHICLES - 56,000 - 56,000
 IT SURVEILLANCE CAMERA REFRESH - 281,000 - 281,000
 POLICE VEHICLES - 500,000 497,933 2,067
 CENTRAL FIRE STATION IMPROVEMENTS - 177,000 101,232 75,768
 FIRE VEHICLES - 223,000 175,575 47,425
 PUBLIC WORKS DRAINAGE - 686,399 144,368 542,032
 PUBLIC WORKS EQUIPMENT - 200,378 200,378 -
 ENGINEERING COMPUTERS AND IPADS - 15,000 8,215 6,785
 LEISURE SERVICES VEHICLES & EQUIP - 365,335 186,701 178,634
 URBAN DEVELOPMENT VEHICLES - 70,000 57,300 12,700
 CITY EVENTS BUILDING IMPROVEMENTS - 45,000 40,858 4,142
 CITY EVENTS CAPITAL - 50,000 50,000 -
 BUILD MAINT AIR CONDITIONERS - 400,000 89,972 310,029
 BUILD MAINT ELEVATORS - 200,000 17,596 182,404
 BUILD MAINT CAPITAL - 200,000 198,400 1,600
 UNIFIED COMM & CLOUD CONTACT CENTER - 12,000 - 12,000
 CITY HALL UPGRADES - 42,897 - 42,897
 MAYOR YOUTH COUNCIL CONTRIBUTIONS - 1,601 1,601
 Total 32,295,469 4,055,145 3,416,930 34,059,000

 Page 32

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026


Capital Projects – Water Sewer
Budgeted revenues and expenditures for the Capital Projects – Water Sewer Fund are
below.



 City of Gulfport, MS
 Capital Projects - Water Sewer Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026


 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Grants (Federal, State, Local) $ 1,600,000 $ - $  1,600,000
  Interest Earned 50,000 15,939 450,000
  Transfer from Water Sewer Fund 3,250,000 3,250,000 20,758,278
  Total Projected Revenues $ 4,900,000 $ 3,265,939 $ 22,808,278


Operating Expenses:
  Capital Outlay $ 5,985,639 $ 496,203 $ 26,247,714
  Total Expenditures $ 5,985,639 $ 496,203 $ 26,247,714

 Net Operating Surplus / (Deficit) $ (1,085,639) $ 2,769,736 $ (3,439,436)

 Beginning Fund Balance, September 30, 2025, estimated $ 3,467,692

 Ending Fund Balance, September 30, 2026, estimated $ 28,256




For more information on the water sewer projects, please see the following list of projects
and funding sources.




 Page 33

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




 Capital Projects - Water & Sewer Fund (103)
 Reconcilation from FY25 Budgeted Projects to FY26 Budgeted Projects

 Amount Total FY26
 FY 25 Original FY25 Budget Actual FY25 Changed for this Budgeted
 Project Name Budget Amendments Expenditures Budget Amount
EPA NORTHWOOD HILLS WATER MAIN 2,000,000 - - 1,000,000 3,000,000
HYDRAULIC MODEL 2024 288,500 - (77,869) - 210,631
UTILITY BILLING JONES HARDY BLDG 150,557 - (158,835) 8,278 -
LEAD COPPER RULE REVISION 2024 296,582 - (115,163) - 181,419
TWO NEW WATER WELLS (LOCATION TBD) 3,000,000 - (129,150) 1,500,000 4,370,850
TURKEY CREEK SEWER INTERCEPTOR IMPROVEMENTS 250,000 - (15,186) 2,750,000 2,984,814
2026 CITYWIDE LIFT STATION REHAB - - - 10,000,000 10,000,000
2026 WATER-SEWER MASTER PLAN UPDATE - - - 500,000 500,000
2026 CITYWIDE SEWER - CIPP - - - 5,000,000 5,000,000
 Total 5,985,639 - (496,203) 20,758,278 26,247,714




 Page 34

Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




Capital Projects – ARPA
Budgeted revenues and expenditures for the Capital Projects – ARPA Fund are below.



 City of Gulfport, MS
 Capital Projects - ARPA Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026


 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Grants (Federal, State, Local) $ 17,892,243 $ 1,496,584 $ 16,888,835
  Interest Earned 1,080,000 801,815 300,000
  Transfer In - 3,431,408 2,329,063
  Total Projected Revenues $ 18,972,243 $ 5,729,807 $ 19,517,898


Operating Expenses:
  Capital Outlay $ 38,119,992 $ 5,836,546 $ 39,117,898
  Total Expenditures $ 38,119,992 $ 5,836,546 $ 39,117,898

 Net Operating Surplus / (Deficit) $ (19,147,749) $ (106,739) $ (19,600,000)

 Beginning Fund Balance, September 30, 2025, estimated $ 19,962,729

 Ending Fund Balance, September 30, 2026, estimated $ 362,729

For more information on ARPA projects, please see the following list of projects and funding
sources.




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 City of Gulfport Proposed Budget
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 Capital Projects - ARPA (105)
 Reconcilation from FY25 Budgeted Projects to FY26 Budgeted Projects


 Amount Total FY26
 FY 25 Original  FY25 Budget Actual FY25 Changed for this Budgeted
 Project Name Budget Amendments Expenditures Budget Amount
MIMA PAVING/INFRASTRUCTURE 2,771,852 242,725 -2,361,633 286,041 938,985
CITYWIDE - LIFT STATION REHABILITATION 6,419,206 2,271,109 -277,061 194,567 8,607,821
DEBUYS ROAD FORCE MAIN 461,808 16,673 -459,653 37,587 56,415
NORTH GULFPORT HEADWORKS 18,235,000 1,381,509 -2,408,199 1,516,824 18,725,134
NORTH GULFPORT WWTP SAND FILTER 10,232,126 37,417 -330,000 850,000 10,789,543
Total 38,119,992 3,949,433 -5,836,546 2,885,019 39,117,898




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Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




Capital Projects – MIMA 2018 Use Tax Bond
Budgeted revenues and expenditures for the Capital Projects – MIMA 2018 Use Tax Bond Fund
are below.


 City of Gulfport, MS
 Capital Projects - MIMA Bond Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026


 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Grants (Federal, State, Local) $ 20,460,000 $ - $ 20,460,000
  Interest Earned - 1,590,700 1,000,000
  Total Projected Revenues $ 20,460,000 $ 1,590,700 $ 21,460,000


Operating Expenses:
  Capital Outlay $ 54,456,515 $ 5,217,686 $ 49,158,827
  Transfers Out - 80,000 -
  Total Expenditures $ 54,456,515 $ 5,297,686 $ 49,158,827

 Net Operating Surplus / (Deficit) $ (33,996,515) $ (3,706,986) $ (27,698,827)

 Beginning Fund Balance, September 30, 2025, estimated $ 36,767,565

 Ending Fund Balance, September 30, 2026, estimated $ 9,068,738



For more information on MIMA Bond projects, please see the following list of projects and
funding sources.




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Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




 Capital Projects - MIMA Bond (107)
 Reconcilation from FY25 Budgeted Projects to FY26 Budgeted Projects

 Amount Total FY26
 FY 25 Original FY25 Budget Actual FY25 Changed for this Budgeted
 Project Name Budget Amendments Expenditures Budget Amount
INTERCONNECTING GULFPORT BUILD GRANT 24,456,515 - (39,965) - 24,416,550
HB1353 DFA MONEY FOR POOLE, CREOSOTE, AND DANI 3,500,000 - - - 3,500,000
WARD 1 ASPHALT PAVING 1,000,000 - (787,805) - 212,195
WARD 2 ASPHALT PAVING 1,000,000 - (487,698) - 512,302
WARD 3 ASPHALT PAVING 1,000,000 - - - 1,000,000
WARD 4 ASPHALT PAVING 1,000,000 - (725,291) - 274,709
WARD 5 ASPHALT PAVING 1,000,000 - (79,377) - 920,623
WARD 6 ASPHALT PAVING 1,000,000 - (976,646) - 23,354
WARD 7 ASPHALT PAVING 1,000,000 - (934,199) - 65,801
MIMA PAVING ENGINEERING COSTS - - (60,956) - (60,956)
CONCRETE ROAD PAVING 16,000,000 - (1,205,751) - 14,794,249
CENTENNIAL FIELDS ROAD AND INFRASTRUCTURE 3,500,000 - - - 3,500,000
 Total 54,456,515 - (5,297,688) - 49,158,827




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Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
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MIMA 2018 Use Tax Receipts
Budgeted revenues and expenditures for the MIMA 2018 Use Tax Receipts Fund are below.

 City of Gulfport, MS
 Capital Projects - MIMA Use Tax Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026


 FY2026
 Proposed
 Original
 Budget

Operating Revenues
  Use Tax $ 3,655,686
  Grants (Federal, State, Local) 14,330,491
  Interest Earned 350,000
  Total Projected Revenues $ 18,335,491


Operating Expenses:
  Capital Outlay $ 18,972,369
  Total Expenditures $ 18,972,369

 Net Operating Surplus / (Deficit) $ (636,878)

 Beginning Fund Balance, September 30, 2025, estimated $ 12,476,140

 Ending Fund Balance, September 30, 2026, estimated $ 11,839,262



For more information on MIMA Use Tax projects, please see the following list of projects and
funding sources. These MIMA Use Tax capital outlay expenditures will be used to cover the
City’s match on the MIMA-eligible projects.

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Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




 Capital Projects - MIMA Use Tax (109)
 Reconcilation from FY25 Budgeted Projects to FY26 Budgeted Projects

 Total FY26
 FY 25 Original FY25 Budget Actual FY25 Amount Changed Budgeted
 Project Name Budget Amendments Expenditures for this Budget Amount
AIRPORT ROAD EXTENSION 5,000,000 - (55,820) - 4,944,180
WASHINGTON AVE WIDENING 3,500,000 - - - 3,500,000
DEDEAUX RD PHASE II WIDENING - HWY 605 to E of HWY 605 4,700,000 - (108,965) - 4,591,035
ONEAL THREE RIVERS WIDENING 550,000 - - - 550,000
OLD HWY 49 SIDEWALK 200,000 - - 200,000 400,000
LANDON ROAD WIDENING 5,575,000 - (2,687,846) - 2,887,154
SEAWAY ROAD PED PATH TO 3 RIVERS - - - 1,100,000 1,100,000
22ND ST - 22ND AVE DRAINAGE FY 26 - - - 600,000 600,000
2026 DRAINAGE MASTER PLAN UPDATE - - - 400,000 400,000
 Total 19,525,000 - (2,852,631) 2,300,000 18,972,369




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Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




 Debt Service Funds
Debt service funds record the accumulation of resources and the payment of principal, interest,
and administrative fees on long-term debt obligations and certain lease/purchase contractual
obligations.
The City utilizes two debt service funds:
 • Debt Service – Ad Valorem
 • Debt Service – MIMA 2018 Use Tax Bond
Note that debt service associated with water and sewer operations is accounted for within the Water
and Sewer Fund.
The debt services funds account for approximately 4% of the City’s budgeted revenues and
approximately 3% of the City’s budgeted expenditures.




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Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




Debt Service – Ad Valorem Taxes Fund
Budgeted revenues and expenditures for the Debt Service – Ad Valorem Taxes Fund are below.
Revenue sources for this fund include ad valorem tax revenue and interest income. An ad valorem
tax of 6.55 mills provides the majority of the revenue used to pay debt service.
Expenditures for this fund include principal payments and bond redemptions, interest payments,
and administrative fee payments.

 City of Gulfport, MS
 Debt Service - Ad Valorem Taxes Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026

 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Property Taxes $ 6,000,000 $ 6,050,000 $ 6,250,000
  Interest Earned 60,000 136,000 100,000
  Miscellaneous / Other 100,000 - -
  Total Projected Revenues $ 6,160,000 $ 6,186,000 $ 6,350,000


Operating Expenses:
  Principal Payments $ 2,978,532 $ 3,065,532 $ 3,298,984
  Interest Payments 2,941,113 2,810,105 3,077,391
  Administrative Fees / Other 25,000 26,844 25,000
  Total Expenditures $ 5,944,645 $ 5,902,481 $ 6,401,375

 Net Operating Surplus / (Deficit) $ 215,355 $ 283,519 $ (51,375)

 Beginning Fund Balance, September 30, 2025, estimated $ 4,200,000

 Ending Fund Balance, September 30, 2026, estimated $ 4,148,625




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Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




Debt Service – MIMA Fund
Budgeted revenues and expenditures for the Debt Service – MIMA 2018 Use Tax Bond Fund are
below.
Revenue sources for this fund include use tax receipts associated the Mississippi Infrastructure
Modernization Act signed into law in 2018 and interest income.
Expenditures for this fund include bond redemptions, interest payments, and administrative fee
payments.


 City of Gulfport, MS
 Debt Service - MIMA 2018 Use Tax Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026

 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Use Tax $ 3,500,000 $ 3,500,000 $ 3,500,000
  Interest Earned 40,000 143,529 100,000
  Total Projected Revenues $ 3,540,000 $ 3,643,529 $ 3,600,000


Operating Expenses:
  Principal Payments $ 1,785,000 $ 1,785,000 $ 1,875,000
  Interest Payments 1,715,000 1,715,000 1,623,500
  Administrative Fees / Other 25,000 20,542 25,000
  Total Expenditures $ 3,525,000 $ 3,520,542 $ 3,523,500

 Net Operating Surplus / (Deficit) $ 15,000 $ 122,987 $ 76,500

 Beginning Fund Balance, September 30, 2025, estimated $ 1,777,000

 Ending Fund Balance, September 30, 2026, estimated $ 1,853,500




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Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026
 City of Gulfport, Mississippi
 Schedule of Debt Service Payments
 For the fiscal year ending September 30, 2026



 Debt Service - Ad Valorem Fund Water and Sewer Fund Debt Service - MIMA Fund
  Date Series Description Principal Interest Principal Interest Principal Interest Total
10/1/2025 2014 Limited Obligation Bonds - 5,100.00 - - - - 5,100.00
11/1/2025 2014 General Obligation Refunding Bonds 554,900.00 26,594.88 105,100.00 5,036.37 - - 691,631.25
11/1/2025 2017 Special Obligation Bonds 1,580,000.00 704,750.00 - - - - 2,284,750.00
11/1/2025 2024 Tax Increment Financing Revenue Bonds - 51,394.25 - - - - 2,284,750.00
 Nov Total 2,134,900.00 782,739.13 105,100.00 5,036.37 - - 2,976,381.25
12/1/2025 2014A General Obligation Bonds 960,000.00 130,100.00 840,000.00 113,837.50 - - 2,043,937.50
12/1/2025 2018 Capital Lease 78,979.44 13,166.83 - - - - 92,146.27
 Dec Total 1,038,979.44 143,266.83 840,000.00 113,837.50 - - 2,136,083.77
 1/1/2026 2015 General Obligation Water and Sewer Refunding Bonds - - - 24,862.50 - - 24,862.50
 1/1/2026 2020A General Obligation Restructuring Bonds - 24,114.90 - 85,069.70 - - 109,184.60
 1/1/2026 2020B Taxable General Obligation Restructuring Bonds - 83,686.17 - 66,131.08 - - 149,817.25
 1/1/2026 2021 Taxable General Obligation Restructuring Bonds - 175,103.25 - 162,901.00 - - 338,004.25
 Jan Total - 282,904.32 - 338,964.28 - - 621,868.60
 3/1/2026 2021 Special Obligation Bonds - - - - - 811,825.00 811,825.00
 4/1/2026 2014 Limited Obligation Bonds 25,000.00 5,100.00 - - - - 30,100.00
 5/1/2026 2014 General Obligation Refunding Bonds - 18,271.38 - 3,459.87 - - 21,731.25
 5/1/2026 2017 Special Obligation Bonds - 665,250.00 - - - - 665,250.00
 5/1/2026 2024 Tax Increment Financing Revenue Bonds 97,000.00 51,394.25 - - - - 665,250.00
 May Total 97,000.00 734,915.63 - 3,459.87 - - 686,981.25
 6/1/2026 2014A General Obligation Bonds - 115,460.00 - 101,027.50 - - 216,487.50
 7/1/2026 2015 General Obligation Water and Sewer Refunding Bonds - - 780,000.00 24,862.50 - - 804,862.50
 7/1/2026 2020A General Obligation Restructuring Bonds 3,000.00 24,114.90 1,776,000.00 85,069.70 - - 1,888,184.60
 7/1/2026 2020B Taxable General Obligation Restructuring Bonds 104.43 83,686.17 813,895.57 66,131.08 - - 963,817.25
 7/1/2026 2021 Taxable General Obligation Restructuring Bonds - 175,103.25 - 162,901.00 - - 338,004.25
 Jul Total 3,104.43 282,904.32 3,369,895.57 338,964.28 - - 3,994,868.60
 9/1/2026 GRC Line of Credit Interest Payment - 725,000.00 - - - - 725,000.00
 9/1/2026 2021 Special Obligation Bonds - - - - 1,875,000.00 811,825.00 2,686,825.00
 Sep Total - 725,000.00 - - 1,875,000.00 811,825.00 3,411,825.00
 Fiscal Year Total 3,298,983.87 3,077,390.23 4,314,995.57 901,289.80 1,875,000.00 1,623,650.00
 15,091,309.47
 Fiscal Year Fund Total 6,376,374.10 5,216,285.37 3,498,650.00

Debt service payment schedules do not align with the Council Meeting schedule. Issuing payments through the normal Accounts Payable docket approval process will require paying debt service payments well before the payment
deadline and missing out on up to 20 days of interest earnings. For example, ten days interest earnings on the total debt service payments equals approximately $12,500. Issuing debt service payments early will cost the City lost
interest earnings.

The Finance Department advises that it is in the best interest of the financial well-being of the City to be able to issue payment from each of the above debt service payments up to five business days prior to each debt service
payment due date instead of through the normal Accounts Payable docket approval process. By approving this original budget, the governing body for the City authorizes the Finance Department to issue special checks for each of
the above debt service payments no earlier than five business days prior to the respective due date of each of the above debt service payments.

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 Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




 Internal Service Funds
An internal service fund is a fund that primarily provides benefits, goods, or services to other
funds, departments, or agencies of the government on a cost-reimbursement basis with the goal of
“breaking-even” rather than make a profit.
The City utilizes two internal service funds:
 • Employee Group Health Insurance
 • Claims Contingency
The internal service funds account for approximately 4% of the City’s budgeted revenues and
approximately 3% of the City’s budgeted expenditures.




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Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




Employee Group Health Insurance
Budgeted revenues and expenditures for the Employee Group Health Fund are below.
Revenue sources for this fund include employee and employer contributions toward employee
health insurance costs and interest income.
Expenditures for this fund include expenses associated with operating a self-insured group health
fund such as consultant professional fees, specific stop-loss insurance premiums, and claim
payments.




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Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




 City of Gulfport, MS
 Internal Service - Employee Health Insurance Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026




 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
  Contributions $ 5,150,000 $ 5,900,000 $ 6,290,000
  Interest Earned 25,000 30,000 15,000
  Miscellaneous / Other 130,000 460,000 150,000
  Total Projected Revenues $ 5,305,000 $ 6,390,000 $ 6,455,000



Operating Expenses:
  Professional Fees $ 200,000 $ 143,000 $ 200,000
  Specific stop-loss insurance premiums 500,000 515,000 575,000
  Claims 4,600,000 5,950,000 5,950,000
  Total Expenditures $ 5,300,000 $ 6,608,000 $ 6,725,000


 Net Operating Surplus / (Deficit) $ 5,000 $ (218,000) $ (270,000)

 Beginning Fund Balance, September 30, 2025, estimated $ 500,000

 Ending Fund Balance, September 30, 2026, estimated $ 230,000




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Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




Claims Contingency Fund
Budgeted revenues and expenditures for the Claims Contingency Fund are below.
Revenue sources for this fund include billings to other departments / funds toward workers
compensation costs, property casualty costs, and general liability costs, and interest income.
Expenditures for this fund include costs associated with operating a self-insured fund, such as
professional fees and claims payments.




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Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026



 City of Gulfport, MS
 Internal Service - Claims Contingency Fund Proposed Budget
 For the Fiscal Year Ending September 30, 2026




 FY2025 FY2026
 Approved FY2025 Proposed
 Original Estimated Original
 Budget Actuals Budget

Operating Revenues
 Billings to Other Departments $ 3,375,000 $ 3,685,000 $ 3,712,100
  Interest Earned 100,000 205,000 120,000
  Total Projected Revenues $ 3,475,000 $ 3,890,000 $ 3,832,100



Operating Expenses:
 Workers Compensation:
 Professional fees $ 125,000 $ 71,000 $ 125,000
 Specific stop-loss insurance premiums &
 Claims 587,000 863,000 845,000
 Total Workers Compensation: 712,000 934,000 970,000

 Casualty and General Liability:
 Professional fees $ 51,250 $ 9,250 $ 40,000
 Specific stop-loss insurance premiums &
 Claims 2,700,000 2,701,000 1,370,000
 Total Casualty and Gen Liab: $ 2,751,250 $ 2,710,250 $ 1,410,000

 Total Expenditures 3,463,250 3,644,250 2,380,000

 Net Operating Surplus / (Deficit) $ 11,750 $ 245,750 $ 1,452,100

 Beginning Fund Balance, September 30, 2025, estimated $ 5,200,000

 Transfer In/(Out) $ (1,500,000)


 Ending Fund Balance, September 30, 2026, estimated $ 5,152,100

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Proposed Budget (Draft for Council#5) – 2025.9.12
 City of Gulfport Proposed Budget
 For the Fiscal Year Ending September 30, 2026




 Conclusion
On behalf of the Administration and the management team, thank you for your time and
consideration.
Please refer all questions and comments to the Chief Administrative Officer or the Director of
Finance and Accounting.




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Proposed Budget (Draft for Council#5) – 2025.9.12