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Finance director outlines $2.4 million beginning-balance variance in 2026 budget amendment
Summary
At the June 22 meeting Finance Director Kristen Reed presented the first reading of Ordinance 2841, a 2026 budget amendment that shifts rollovers and recognizes nearly $2.4 million in beginning-balance differences; staff proposed temporary FTE changes tied to financial software implementation.
Finance Director Kristen Reed told the Enumclaw City Council on June 22 that Ordinance No. 2841 is the city’s first 2026 budget amendment and is intended to reconcile estimated beginning fund balances with actual beginning balances.
Reed said the difference between estimated and actual beginning fund balances was ‘‘almost 2,400,000,’’ driven largely by projects not completed by year end and resulting rollovers. She said the amendment shows a revenue increase of about $1,400,000 (largely grant carryovers and fund transfers to cover projects) and an overall expense increase of $2,600,000, which together raise the projected ending fund balance by just over $1,000,000.
Reed highlighted two staffing-related changes included in the amendment: increasing the media services technician from 0.5 FTE to 1.1 FTE and adding a temporary 0.5 FTE administrative specialist in finance while the city implements new financial software.
Because this was a first reading, council did not adopt the budget changes at the meeting; Reed said she would answer questions at a subsequent hearing.
