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Committee flagged $555,000 general-fund shortfall, asked for prioritized cuts and clearer fund-balance reports
Summary
Finance staff told the committee the general fund deficit moved from $384,000 to $555,000 in draft FY26 numbers; members asked for structurally balanced budgeting, clearer fund-balance breakdowns and a dashboard of key metrics.
City finance staff told the Budget and Finance Advisory Committee that the draft FY26 general fund shows a $555,000 shortfall after recent changes, up from an earlier $384,000 deficit.
Miss Holden said she circulated fund reports and noted the draft numbers could change when final property-assessment figures from county assessors are received; those numbers are expected to be finalized in the coming week. She asked the committee for guidance on whether to reduce the…
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