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Staff present 2026 budget amendment shifting unfinished 2025 capital funds into 2026
Summary
Finance staff reviewed a 2026 budget amendment that mostly moves incomplete 2025 capital projects and adjusts beginning fund balances. Major changes include an approximately $3.3 million increase to the general fund beginning balance and schedule adjustments for several capital projects; staff recommended placing the amendment on the July 16 consent agenda.
Caitlin presented the proposed amendments to the 2026 budget on July 9, saying most modifications reflect capital project costs forecast in 2025 but not completed, so funding is moved into 2026.
"Most of the modifications are for capital project costs that were forecast in 2025," Caitlin said. She described a roughly $3,300,000 increase to the general fund beginning balance driven by higher revenues and lower expenditures, and noted transfers and timing changes across funds including street, parks capital, REIT, sewer and stormwater construction funds. A transfer from the stormwater fund to parks capital was described to support Evergreen Tennis Courts and Firefighters Park; Caitlin said some vehicle purchases planned for 2025 arrived in 2026 and therefore need to be placed in the 2026 budget.
Staff also discussed fleet purchases and a larger-than-anticipated cost increase for the 2026 vehicle program; the numeric line in the presentation was unclear and staff said they would provide firm figures. Staff recommended the council authorize the amendment and place it on the July 16 consent agenda for adoption.
Council members emphasized the importance of evaluating procurement and tracking long‑term impacts on operations and neighborhoods, and asked staff for clarifying backup numbers that will accompany the consent item.
