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Council hears first reading of 2026 budget amendment showing $2.4M variance; staff proposes FTE adjustments
Summary
Finance staff told council that actual beginning fund balances differ from estimates by about $2.4 million, driving a budget amendment that increases revenues by roughly $1.4 million and expenses by roughly $2.6 million; staff also proposed two temporary FTE changes tied to software implementation.
At the June 22 meeting, Finance Director Kristen Reed presented the first reading of Ordinance No. 2841, the city’s first budget amendment for 2026.
Reed said the primary purpose of the amendment is to reconcile estimated beginning fund balances with the actuals; the variance between estimated and actual beginning balances was nearly $2,400,000. She explained the changes largely reflect projects estimated to finish in the previous year that did not, producing rollovers to the current year.
On the ordinance’s summary chart Reed identified a revenue increase of roughly $1,400,000 — largely attributable to grants and rollovers — and an overall expense increase of about $2,600,000; the net effect is an increase in the ending fund balance of just over $1,000,000 after the amendment.
Reed also highlighted personnel adjustments included in the amendment: increasing a media services technician from 0.5 full-time equivalent (FTE) to 1.1 FTE, and adding a 0.5 FTE administrative specialist in finance temporarily to support implementation of the city’s new financial software.
Because this was a first reading, the ordinance was not adopted at the meeting; Reed said she was available to answer council questions and no substantive questions were recorded on the transcript.
