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Finance committee reviews late changes, carryovers and remaining budget gaps
Summary
Aurora—inance committee reviewed carryovers and late changes in the proposed 2026 budget, including a $618,882 general-fund surplus before carryovers and a $3,179,161 deficit after them; staff said a final revised budget will be presented on the 20th.
Aurora—inance committee members spent the meeting probing late changes and carryovers in the proposed 2026 budget and asked staff for a final revised proposed budget to be published ahead of a vote on the 20th. Stacy Peterson, the city—hief financial officer, told the committee the carryover and late-change schedule attached to the agenda will be finalized and that staff are continuing to review figures.
Why it matters: Committee members said they want clearer transparency on items that cross departmental lines, the timing of carryovers and the city ebt picture before adopting a final budget. Peterson said incorporating late changes produces a general-fund surplus of $618,882 but that adding carryovers creates a general-fund deficit of $3,179,161. She said staff and the mayor l office would present a final revised proposed budget and discuss the tax levy at a Thursday session.
Key details: Peterson asked colleagues to review the attached late-change schedules and noted the administration will bring a proposed revised budget on the 20th. On departmental salary accounting, staff said some positions' pay is split across funds for legitimate oversight of proprietary funds and said they will review allocations for transparency. On outstanding debt, Peterson said staff are examining bond proceeds and other options to pay down a $6,000,000 line of credit with the goal of reducing or not renewing it in 2026.
Budget math and next steps: The CFO explained that late changes and carryovers can offset each other and that staff continue to adjust numbers; she said a final revised proposed budget and any updated carryover or late-change schedules will be available with the next update. The committee asked staff to post final materials to the meeting portal so members and the public can review them before the next meeting. The next presentation and roundup are scheduled for Thursday.
Provenance: Committee discussion introducing the late-change schedule and the CFO—xplanation of surplus/deficit figures appear in the meeting record; the CFO also described the timeline for presenting a proposed revised budget on the twentieth.
