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First reading: council hears $2.4 million variance in 2026 budget amendment
Summary
Finance Director Kristen Reed presented the first reading of Ordinance 2,841, citing an almost $2.4 million variance between estimated and actual beginning fund balances; the amendment rolls over projects, increases revenues by $1.4 million and expenses by $2.6 million and proposes two temporary FTE adjustments.
On June 22 the council received the first reading of Ordinance 2,841, the 2026 budget amendment, from Finance Director Kristen Reed.
Reed said the variance between estimated and actual beginning fund balances totaled almost $2.4 million, primarily because projects that were expected to finish by year-end were not completed and funds rolled over into the following year. She explained the amendment moves those amounts to the estimated ending fund balances.
Key figures cited by Reed: an increase in revenues of approximately $1.4 million driven largely by grants and fund rollovers; an increase in expenses of about $2.6 million; and a net increase in the ending fund balance after the amendment of just over $1.0 million. Reed also called out staffing adjustments 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 to support the implementation of the city’s new financial software.
Reed said most line items on the amendment had appeared previously in the consent agenda and that she was available to answer questions; council did not object to moving forward with the second reading.
Why it matters: the amendment reconciles multi-year projects and rollovers and includes personnel changes and small operating adjustments; it affects the city's projected ending fund balance for 2026 and operational staffing for the finance department.
