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Finance director outlines nearly $2.4M variance and staffing changes in 2026 budget amendment
Summary
Finance Director Kristen Reed presented Ordinance No. 2,841 for first reading, describing a roughly $2.4 million variance between estimated and actual beginning fund balances, revenue and expense adjustments and proposed FTE changes to support new financial software implementation.
At the June 22 meeting the council received the first reading of Ordinance No. 2,841, the city’s first 2026 budget amendment.
Finance Director Kristen Reed said the amendment reconciles differences between estimated and actual beginning fund balances, noting, "the difference between our estimated beginning fund balances and actuals was almost 2,400,000." She told council that most of the variance stems from projects not completed by year‑end and resulting rollovers.
Reed described key figures in the staff report: the amendment increases revenues by about $1,400,000 (largely rollovers and grants) and increases expenses by about $2,600,000, leaving an increase in the ending fund balance of just over $1,000,000. Reed also highlighted staffing adjustments: increasing the media services technician position from 0.5 FTE to 1.1 FTE and adding a temporary 0.5 FTE administrative specialist in finance to assist with implementing the new financial software.
Because this was a first reading, council did not take final action; Reed said she was available for questions. The ordinance will return for additional review and potential amendment at second reading.
