Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Staff outlines FY26 budget amendment; seeks $80,000 contingency for library construction billing
Summary
City staff presented FY26 budget amendment No. 2 showing a general‑fund net increase of $39,004.62, special‑revenue and ARPA adjustments, and requested an $80,000 contingency in the red‑light camera fund to cover unresolved library construction billing differences.
City staff presented a proposed amendment to the fiscal‑year 2026 budget at the council work session, asking the council to consider a net general‑fund expenditure increase of $39,004.62 and several fund‑specific adjustments.
Budget presenter (speaker 10) summarized the amendment: departmental operating expenditures would increase by $44,462 while equipment replacement would decrease by $5,000, for a net general‑fund impact of $39,004.62. The special‑revenue fund shows a reduction of $14,666.45 tied to adjustments on the Sligo Mill Road project and the ARPA fund reflects a decrease of $11,953 due to carryover calculations from FY25.
Deputy City Manager Eubanks described the requested $80,000 increase in the red‑light camera fund as a contingency to cover potential outstanding liabilities tied to final billing and change‑order reconciliation for the library construction: "This $80,000 is the contingency that we think would be necessary to account for those outstanding liabilities," he said, adding that the city has a strong negotiation stance but wants to be fiscally prudent in case the contract process requires payment. Officials said any unspent contingency would remain in the specific fund and be available for council‑approved uses.
Council members asked technical questions about whether flood‑related repairs would be charged to insurance (staff said they expect insurance to cover most) and sought clarification on assigned and unassigned reserves; staff said the assigned reserve set aside earlier remains intact and the combined assigned/unassigned reserve figures are available in the adopted FY26 budget book.
Why it matters: the amendment adjusts current‑year funding for completed and ongoing work, establishes contingency for unresolved construction billing, and affects reserve ratios that shape fiscal flexibility.
What’s next: staff said the amendment will return to the council for a formal vote next week. Residents and council members requested supporting documentation and any further clarifications before final action.
Speakers quoted are staff and council members who questioned the presentation, including Deputy City Manager Eubanks and budget presenter (speaker 10).
