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Sacramento Public Library Authority adopts FY25–26 midyear budget update, allocates supplemental funds
Summary
The board approved a midyear budget update projecting $63.1 million in revenues and $70.1 million in expenditures, a $430,000 midyear increase to use of fund balance and supplemental funding allocations for HVAC and other capital projects; the motion passed by roll call with 12 members voting.
The Sacramento Public Library Authority approved a midyear budget update for fiscal year 2025–26 and a supplemental funding allocation after staff outlined revenue and expenditure adjustments and discussed capital and security costs.
Lede: Finance staff presented the midyear update showing projected revenues of $63,100,000 and expenditures of $70,100,000, yielding a projected net use of fund balance of about $7,000,000 and a midyear net increase in use of fund balance of roughly $430,000.
Nut graf: Staff said the midyear adjustments reflect a small projected downtick in county property tax revenue,…
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