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Council reviews first reading of 2026 budget amendment after $2.4M variance in beginning balances
Summary
Finance Director Kristen Reed told the council that the first 2026 budget amendment reconciles an almost $2.4 million difference between estimated and actual beginning fund balances, proposes several FTE adjustments tied to a software implementation and shows an overall ending fund-balance increase just over $1 million; council took no final vote on first reading.
At the June 22 meeting Finance Director Kristen Reed presented the first reading of Ordinance No. 2841, the city’s 2026 budget amendment, citing an almost $2,400,000 gap between estimated and actual beginning fund balances.
Reed told council that most of the variance stems from projects expected to finish in the prior year that did not, producing rollovers into the current year. The amendment proposes increasing a media services technician position from 0.5 FTE to 1.1 FTE and adding a 0.5 FTE administrative specialist in finance temporarily to support implementation of a new financial software system. Reed said the amendment shows a revenue increase of about $1,400,000, an expense increase of about $2,600,000 and an increase in the ending fund balance of just over $1,000,000.
Council received the first reading and was invited to ask questions; none were raised during the meeting. Because this was a first reading, council will consider the ordinance at a later meeting and no adoption vote was recorded on June 22.
