Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Rollover topic
No spam. Unsubscribe anytime.
Council approves FY25–26 budget rollover and adjustments after finance presents carryforwards and recurring items
Summary
Finance staff outlined carryforwards, one‑time and recurring budget adjustments and a potential $7.8 million projection shortfall under current assumptions; the council approved the rollover and adjustments with direction for a status update at the Dec. 10 meeting.
City finance staff presented proposed FY25–26 budget carryforwards and adjustments at the Nov. 12 council meeting and requested council approval to roll certain unspent amounts forward and add newly identified recurring items.
Presenter Kevin Bursack (finance staff) told the council that district improvement carryforwards totaled roughly $200,000 and Esperanza Park retention and punch‑list amounts approached $650,000; other encumbered general‑fund carryforwards and outstanding professional‑services commitments brought the total carryforward amounts up further. Staff also proposed several one‑time and recurring adjustments, including event sponsorships, an increased film‑festival contribution (staff said the city was asked to raise its cash commitment to $90,000 plus in‑kind credit), and a website maintenance contract increase from $5,000 to $6,000 per month (a $12,000 annual delta).
Bursack said the staff projection — using conservative assumptions — could reflect a $7.8 million deficit if revenue and expenditure assumptions were not adjusted, and he recommended deliberate review and monitoring. The presentation included Measure W carryforwards (about $45,000) for fire items and equipment that were approved last year but not delivered before fiscal year close.
Council members pressed for more transparent presentation of obligations when preliminary financial results are presented and asked staff to compare current quarter results with prior periods. Council also asked clarifying questions about litigation‑related legal expenses for the balloon festival and whether those costs were primarily legal (staff responded they were about 90% legal and 10% logistics/support).
Mayor Pro Tem Gregory moved to approve the rollover and adjustments as amended during the presentation; Council member Lam seconded, and the council approved the motion. Staff said it will return with a status update at the Dec. 10 meeting and will compare revenues and expenditures to prior‑year quarters to improve transparency.
