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Finance director presents first reading of 2026 budget amendment showing $2.4 million variance
Summary
At first reading Finance Director Kristen Reed reported a nearly $2.4 million difference between estimated and actual beginning fund balances, proposed rollovers, a $1.4 million revenue increase and $2.6 million expense increase (net ending fund increase of just over $1,000,000), and FTE adjustments to support a new finance system implementation.
The council received the first reading of Ordinance 2841, the 2026 budget amendment, from Finance Director Kristen Reed.
Reed said the primary purpose of the amendment is to reconcile estimated versus actual beginning fund balances, noting an almost $2,400,000 variance driven largely by projects not completed by year-end and rollovers from other funds. She described a $1,400,000 revenue increase (mostly grants and fund rollovers) and a $2,600,000 increase in expenses, yielding an overall increase in the ending fund balance of just over $1,000,000.
The amendment includes staffing changes: increasing a media-services technician from 0.5 full-time equivalent (FTE) to 1.1 FTE and adding a temporary 0.5 FTE administrative specialist in finance to support implementation of new financial software. Reed said most items in the amendment had appeared through the consent agenda and offered to answer council questions at a later reading.
This was a first reading; no adoption vote occurred and the council took no final action during this meeting.
