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Finance director presents first reading of 2026 budget amendment showing $2.4M variance
Summary
Finance Director Kristen Reed presented the first reading of Ordinance No. 2,841, a 2026 budget amendment noting an almost $2.4 million variance between estimated and actual beginning fund balances, FTE adjustments and rollovers; no adoption vote was taken.
On June 22 Finance Director Kristen Reed presented the first reading of Ordinance No. 2,841, the city's first budget amendment for 2026.
Reed told council the primary purpose of the amendment is to reconcile almost $2,400,000 in differences between estimated and actual beginning fund balances, mainly driven by projects estimated to finish in 2025 that did not. The amendment adjusts revenues and expenses: Reed reported a revenue increase of about $1,400,000 and an overall expense increase of roughly $2,600,000, producing an ending fund-balance increase of just over $1,000,000.
Reed highlighted personnel adjustments included in the amendment: increasing the media-services technician position from 0.5 full-time equivalent (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. Many items in the amendment had appeared previously on the consent agenda, Reed added.
Because this was a first reading, council did not vote on final adoption. Reed said she was available to answer questions and that the ordinance will return for further council consideration.
