City finance staff presented the proposed Fiscal Year 2025–26 budget and new monthly enterprise fund reports for water/sewer and solid waste.
The proposed budget covers total revenues across all funds of $321,700,000, operating expenditures of $309,400,000 and one-time supplemental project expenditures of $37,600,000, staff said. Major supplemental allocations include funds for a visitor center and the first-year interest expense for a sports complex; staff said $75 million of unused certificate of obligation proceeds may be applied and that officials do not expect a tax-rate increase for the sports complex from that funding strategy.
Finance staff said they will provide monthly enterprise-fund reports in a standardized format that shows the revised budget, year-to-date actuals, encumbrances and remaining budget, along with a year-over-year comparison. For the water/sewer fund, staff noted timing differences in a Pioneer water account that change apparent revenue collection in monthly snapshots; on the expenditures side, increased spending shows up in line items for water repair and replacement tied to active maintenance work.
For the solid-waste fund, staff said recycling revenue had been miscoded and would be corrected in future reports; they also noted vehicle and equipment purchases had increased expenses in solid waste. Council members generally praised the clearer monthly reporting and asked staff to deliver requested variants for future packets.
No final budget adoption occurred at the meeting; staff said public hearings and formal approvals remain part of the coming process.