Controller projects $276.5 million FY26 ending fund balance, below finance office estimate
Will Jones of the controller's office told the Budget, Finance and Audit committee the projected FY26 ending general fund balance is $276.5 million (10.4% of expenditures excluding debt service and pay-go), $23.5 million lower than the finance department's projection; staff said more adjustments will appear in next month's MOFAR.
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Will Jones, representing the controller's office, presented the monthly financial report for the period ending 05/31/2026 and said, "In the general fund, the controller's office is projecting an ending fund balance of 276,500,000 or 10.4% of expenditures less debt service and pay as you go for f y 26." He added the controller's projection is "$23,500,000 lower than the projection of the finance department."
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