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Finance director outlines $2.4M variance; council hears first reading of 2026 budget amendment
Summary
At first reading, Finance Director Kristen Reed told council an almost $2.4 million variance between estimated and actual beginning fund balances drove the June 22 proposed 2026 budget amendment, which includes FTE changes and rollovers for unfinished projects.
The council heard the first reading of ordinance 2,841 (2026 budget amendment No. 1) on June 22, 2026.
Finance Director Kristen Reed told the council the amendment updates beginning fund balances to reflect an approximately $2,400,000 variance between estimates and actuals, largely due to projects that were not complete by fiscal year end and are being rolled over. She said revenue increases on the amendment total about $1,400,000 (primarily grant rollovers) while expense increases total about $2,600,000, leaving an increased ending fund balance of just over $1,000,000.
Reed also highlighted staffing changes included in the amendment: increasing a media services technician from 0.5 FTE to 1.1 FTE and adding a temporary 0.5 FTE administrative specialist in the finance department to support implementation of new financial software. Reed noted most amendment line items had been reviewed previously through the consent agenda but offered to answer questions during this first reading.
No final vote occurred on the ordinance at the June 22 meeting; this was a first reading and council did not take formal action to adopt the amendment that night.
