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Board reviews FY2025–26 general fund draft; staff proposes $3 million transfer to streets capital
Summary
City staff presented a draft operating budget showing revenue above expenditures and proposed a $3 million transfer from the general fund to the streets capital fund to help pay near-term road projects; the board had questions but took no formal vote.
Danielle Brown, city staff member, presented the draft operating budget for fiscal year 2025–26 and said the general fund revenue total includes property and local sales taxes, permit income and state revenues.
"So I have $33,000,000 of that carried over into this 2526 Building budget," Brown said, describing carryover and other operating receipts that staff moved into next year’s budget. Brown also noted a 3% increase broadly applied in the operating budget and asked members to direct specific line-item questions to staff after the workshop.
The draft lists $30,093,283 in taxes as a major revenue source and shows revenue-over-expenditures of roughly $1,468,476 before proposed transfers and capital carryovers. Brown pointed board members to department-by-department pages for details and said items above $10,000 are shown on the capital list.
Bruce, city staff member, explained the worksheet of transfers and pointed out a proposed operating transfer of $3,000,000 from the general fund to the streets capital fund; staff said the transfer appears on both the transfers page and the face of the budget to show the outflow. Bruce and Brown said the transfer is intended to help fund near-term street projects and to reduce the amount to be bonded for large road work.
Board members discussed how the transfer affects the bottom line; no motion or formal vote was recorded at the workshop. Staff asked board members to send questions by email to Bruce and Danielle (copying organizational staff) so budget documents can be updated before formal votes.
The workshop included discussion of revenues-to-date (current-year collections are about 96% of budgeted amounts, with a 3% allowance for bad debt) and line-item clarifications such as library and recreation receipts and a $231,500 line for court fines. Brown said questions on specific items would be answered by staff after the meeting.
Next steps: staff will revise the draft where directed, provide updated figures at the next meeting and return with capital details. Board members were asked to email budget guidance to staff before formal votes begin.
