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Council adopts midyear budget adjustments after questioning CIP shifts and parking fund stability
Summary
Finance Director Selena Andrus presented the FY 2025–26 midyear budget review showing a revised projected fund balance and recommended CIP transfers and staffing additions; after questions and public comment about CIP reassignments and downtown parking deficits, the council approved the midyear adjustments.
The council reviewed and approved the city's FY 2025–26 midyear budget adjustments on March 24 following a presentation by Finance Director Selena Andrus. The midyear report summarized general fund performance, a revised unassigned fund balance and recommended reassignments and supplemental appropriations.
Andrus reported the city closed 2025 with an $20.4 million unassigned surplus that, after prior appropriations and midyear adjustments, is forecast to leave a roughly $2.7 million balance going into the next fiscal year. Staff recommended reallocating completed CIP project balances to other capital priorities and increasing revenue estimates for utility-related taxes that are trending higher.
Councilmembers and members of the public asked for more transparency about some CIP transfers, the status of specific projects (for example, Garner/Pacific intersection and Harden Parkway), and the $3 million temporary gap-fill for the downtown parking facility. Staff explained many transfers reflect project completion, grant reimbursements, or needed matches for grant-funded projects and said additional detail can be provided on request.
After discussion, the council approved the midyear review and recommended adjustments and directed staff to provide further detail on specific CIP transfers and the downtown parking fund stabilization plan.
