Finance staff presented the year‑end appropriation resolution (Legistar 90,967) on Dec. 1 and the committee adopted the resolution by unanimous vote.

Christine (finance staff) summarized the general fund projection: revenues were projected to be about $9,000,000 above the revised budget and the combined effect of revenue and underspending led staff to estimate roughly $10,600,000 in surplus at year‑end. The presentation said higher interest earnings and mark‑to‑market adjustments account for the bulk of the unexpected revenue; ambulance Medicaid billings and other variances were also noted.

Because the city's 2025 budget is at its expenditure restraint capacity, staff said the resolution relies on moving underspending and centrally budgeted funds to cover deficits and priorities rather than appropriating entirely new funds. The resolution proposes transferring $1,000,000 to capitalize the first disbursement into a shelter endowment (the city previously committed $2,000,000 to that endowment), increasing the general fund subsidy for Metro Transit by several million dollars to cover projected transit deficits, and making a range of technical and capital budget adjustments (library collections, parks transfers, water and fleet fund adjustments).

Alders asked for an estimate of the fund balance. Finance staff estimated a year‑end fund balance near $120,000,000 (about 28 percent of the general fund). Committee members asked specific questions about Metro Transit operations and labor costs; Eric Neff, former interim Metro general manager, said stability has improved but labor and fare/revenue assumptions remain important uncertainties. Questions about IT and community development underspending were addressed by staff, who identified timing issues for multi‑year contracts and turnover in some community contracts as contributors to underspending.

The resolution was moved, seconded and approved unanimously. Staff said remaining bookkeeping and technical transfers will be completed as part of the year‑end closing.