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Council reviews first reading of 2026 budget amendment that adjusts fund balances and adds temporary FTEs
Summary
At first reading, the finance director said the proposed Ordinance 2,841 reconciles nearly $2.4 million in differences between estimated and actual beginning fund balances, increases revenues by $1.4 million and expenses by $2.6 million, yielding an ending fund balance increase of just over $1 million and adding two temporary FTE adjustments.
The council held a first reading on Ordinance 2,841, the city’s 2026 budget amendment, on June 22. Finance Director Kristen Reed told council the amendment updates beginning fund balances to reflect actuals and rolls unspent grant and project funds into the current year.
"The difference between our estimated beginning fund balances and our actuals was almost 2,400,000," Reed said. She explained that revenue adjustments total about $1,400,000 — mostly rollovers from grants and other funds — while total expense increases are about $2,600,000, producing a net increase in the city’s ending fund balance of just over $1,000,000 after the amendment.
Reed highlighted staffing adjustments included in the amendment: increasing the media services technician from 0.5 FTE to 1.1 FTE and adding a temporary 0.5 FTE administrative specialist in the finance department to support implementation of new financial software.
The ordinance was presented as a first reading; Reed said most items had been seen by council previously through the consent agenda and she was available to answer questions. No substantive questions were raised during the meeting and the matter will return for a subsequent reading and final vote.
What happens next: The council has completed a first reading; any changes will be made before a second reading and adoption vote at a future meeting.
