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Finance director outlines $2.4 million variance in 2026 budget amendment
Summary
At first reading of Ordinance No. 2,841, Finance Director Kristen Reed said actual beginning fund balances differ from estimates by about $2.4 million; revenue adjustments and rollovers account for most changes and staff proposed FTE changes tied to software implementation.
The council received the first reading of Ordinance No. 2,841 on June 22, a proposed amendment that reconciles the 2026 annual operating budget with actual beginning fund balances.
Finance Director Kristen Reed told the council the estimated beginning fund balances were nearly $2,400,000 different from actuals, mainly because several projects expected to finish within 2026 did not. Reed said revenue increases on the amendment total $1,400,000 (primarily grant rollovers and transfers), while total expense increases are about $2,600,000, resulting in an increase in the projected ending fund balance of just over $1,000,000.
Reed highlighted personnel adjustments included 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 to support implementation of new financial software. She said most items on the amendment had been seen previously on the consent agenda.
This was the ordinance's first reading; council had no substantive questions recorded in the transcript and no adoption vote occurred at this meeting.
