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Finance director presents first reading of 2026 budget amendment showing $2.4M variance
Summary
Finance Director Kristen Reed presented the first reading of Ordinance 2841, citing a roughly $2.4 million variance between estimated and actual beginning fund balances; the amendment increases revenues about $1.4 million, expenses about $2.6 million, and includes temporary FTE adjustments.
Finance Director Kristen Reed presented the first reading of Ordinance 2841, the city’s 2026 budget amendment, explaining adjustments driven by rollovers and timing differences.
Reed said the difference between estimated and actual beginning fund balances was almost $2,400,000, largely because projects estimated to finish by year-end were not completed. The budget amendment shows a revenue increase of about $1,400,000 and an expense increase of about $2,600,000, leaving an increase in the ending fund balance of just over $1,000,000.
Reed called attention to staffing adjustments included in the amendment: the media services technician position is proposed to increase from 0.5 full-time equivalent (FTE) to 1.1 FTE, and an administrative specialist is proposed as a temporary 0.5 FTE in the finance department while the new financial software is implemented. Reed noted most items in the amendment had appeared previously in the consent agenda and offered to answer questions; no follow-up questions were recorded at the first reading.
This was the first reading; council did not adopt the amendment on June 22. The ordinance will return for additional council consideration before final adoption.
