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Finance director presents first 2026 budget amendment, citing $2.4M variance and staff FTE changes
Summary
Finance Director Kristen Reed presented the first 2026 budget amendment (Ordinance 2841), reporting an almost $2.4 million difference between estimated and actual beginning fund balances, proposed FTE adjustments (media services technician to 1.1 FTE, temporary 0.5 FTE administrative specialist), and revenue/expense reconciliations that increase the ending fund balance by just over $1 million.
At the June 22 council meeting Finance Director Kristen Reed presented the first 2026 budget amendment (Ordinance No. 2841), describing reconciliations between estimated and actual beginning fund balances and several personnel and accounting adjustments.
Reed reported an approximately $2.4 million difference between estimated and actual beginning fund balances driven largely by projects estimated to be completed in the prior year that were not finished. She said the amendment increases the media services technician position from 0.5 full‑time equivalent (FTE) to 1.1 FTE and temporarily adds a 0.5 FTE administrative specialist in the finance department to support implementation of the city's new financial software. "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.
The amendment shows a revenue increase of about $1.4 million (largely rollovers and grant receipts) and an expense increase of about $2.6 million, yielding an increase in the ending fund balance of just over $1 million, Reed said. She noted many items on the amendment had already appeared on the consent agenda and offered to answer council questions; this was presented as a first reading.
