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Council hears first reading of 2026 budget amendment showing $2.4 million variance
Summary
Finance Director Kristen Reed presented the first reading of Ordinance 2841, describing nearly $2.4 million in differences between estimated and actual beginning fund balances due to project rollovers; the amendment increases revenues by about $1.4 million and expenses by $2.6 million, raising ending fund balances by just over $1 million. No adoption vote was held.
At the June 22 meeting the council received the first reading of Ordinance No. 2841, the first 2026 budget amendment. Finance Director Kristen Reed told the council the amendment reconciles an approximately $2.4 million difference between estimated and actual beginning fund balances, primarily because projects estimated to finish in the previous year were not completed and amounts were rolled forward.
Key figures from the staff report: Reed said the revenue increase in the amendment was $1,400,000 (largely grant rollovers) and the expense increase was $2,600,000, yielding a net increase in the city's ending fund balance of just over $1,000,000 after the amendment.
Personnel notes: The amendment also includes staffing adjustments: increasing the media services technician position from 0.5 FTE to 1.1 FTE, and authorizing a temporary 0.5 FTE administrative specialist in the finance department to support implementation of the city's new financial software.
Council action: This was the first reading of the ordinance; Reed offered to answer questions and none were raised on the record. No adoption vote occurred during the June 22 meeting.
Why it matters: The amendment formalizes rollovers and staffing shifts and clarifies current-year budget positions; it will return to council for a subsequent reading and potential adoption.
