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Emeryville adopts two-year budget; reserves and fund balance will cover near-term gap
Summary
The Emeryville City Council adopted the fiscal years 2025–26 budget after brief discussion. Consultants said first-year spending will be covered by fund balance and the second year by a combination of fund balance and $4 million from reserves if alternative revenue sources are not identified.
The Emeryville City Council on Tuesday adopted the city budget for fiscal years 2025 and 2026 after a presentation from the city's financial consultant and a short public comment from a budget-advisory committee member.
Brian Moore, financial consultant with RGS, summarized the budget's major points and the city's fiscal outlook, saying the five-year projection and the two-year budget were "above the recommended standard for general fund" and that the council had built the budget around priorities established at the city's strategic plan retreat.
Moore said the adopted budget relies on fund balance to support the first year and anticipates using fund balance plus $4,000,000 from reserves in the second year unless the council pursues revenue options. "In the second year, it will be supported by the fund balance and $4,000,000 from your reserves," Moore said. "Hopefully, what will happen is by that time, you will have an opportunity to talk about revenue opportunities."
Public input: A member of the budget advisory committee asked Moore for a brief recap of highlights; Moore reiterated the city's reserve plan, the inclusion of strategic priorities and the plan to return in the fall with more detailed capital-improvement and revenue-option presentations.
Council action: Council Member (recorded as) Preyforce moved to adopt the budget and a second was recorded; a roll-call vote followed. The clerk recorded Aye votes from Council Member Preyforce, Council Member Solomon, Council Member Welch, Vice Mayor Kerr and Mayor Mora; the motion carried.
Clarifying details: Staff added additional appropriations-limit detail at the recommendation of the Budget and Governance Committee. Moore said the city will present a capital-improvement budget in September and follow up on revenue options in the fall.
What comes next: The council's adoption establishes spending priorities for the next two fiscal years. Staff will present capital-improvement details in September and return in the fall with options for new revenue measures if the council chooses to pursue them.
