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Council reviews first reading of 2026 budget amendment, finance director cites $2.4M variance
Summary
Finance Director Kristen Reed presented the first reading of Ordinance 2841, explaining an almost $2.4 million difference between estimated and actual beginning fund balances and FTE changes for software implementation; it was presented for later action.
The council on June 22 heard the first reading of Ordinance 2841, a 2026 budget amendment, during which Finance Director Kristen Reed outlined significant reconciliations between the estimated and actual beginning fund balances.
Kristen Reed told the council that the difference between estimated and actual beginning fund balances was almost $2.4 million. “Most of that's due to projects that were estimated to be finished by year end and they were not, which accounts for all the rollovers that you see in there,” Reed said. She described a revenue increase of about $1.4 million—primarily grant rollovers—and an expense increase of about $2.6 million, leaving an increase in the ending fund balance of just over $1 million.
Reed also pointed out personnel funding adjustments in the amendment: increasing the media services technician from 0.5 FTE to 1.1 FTE and temporarily adding a 0.5 FTE administrative specialist in finance while the city implements new financial software. Reed said the ordinance's complete chart of revenues and expenses is on the last page of the ordinance and that this item was presented as a first reading; councilmembers may ask questions and suggest amendments before a final vote.
