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Finance director outlines first 2026 budget amendment; nearly $2.4 million variance cited
Summary
Finance Director Kristen Reed presented the first reading of Ordinance 2841, a 2026 budget amendment that updates beginning fund balances (nearly $2.4 million variance), adjusts rollovers and adds temporary FTEs for software implementation.
The council heard the first reading of Ordinance No. 2841, the city's first budget amendment for 2026, on June 22.
Finance Director Kristen Reed said the primary purpose of the amendment is to reconcile estimated beginning fund balances with actual figures, reporting a nearly $2.4 million variance largely due to projects that were not completed as estimated. The amendment increases revenue estimates by approximately $1.4 million (primarily rollovers and grants) and increases expenses by about $2.6 million, leaving a projected increase in the ending fund balance of just over $1.0 million.
Reed highlighted two staffing changes 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 during implementation of new financial software. Many items listed in the amendment had already appeared on the consent agenda, Reed said; the ordinance is presented as a first reading and council members may ask questions at the second reading.
Because this was a first reading, no vote was taken; council members were invited to submit questions to staff ahead of the next review.
