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Finance director outlines $2.4M variance in first reading of 2026 budget amendment
Summary
Finance Director Kristen Reed presented the first reading of Ordinance 2,841 describing nearly $2.4 million in beginning-fund-balance differences and FTE adjustments to implement new financial software.
Finance Director Kristen Reed presented the first reading of Ordinance 2,841 on June 22, the city’s first 2026 budget amendment, describing adjustments to reconcile estimated and actual beginning fund balances.
Reed said the difference between estimated and actual beginning fund balances is nearly $2,400,000, which largely reflects projects not completed by fiscal year end and rollovers. The staff report shows a revenue increase of about $1,400,000 (mostly grants and rollovers) and an expense increase of about $2,600,000, resulting in an increased ending fund balance of just over $1,000,000.
The amendment includes temporary and permanent staffing changes: increasing the media services technician position from 0.5 full‑time equivalent (FTE) to 1.1 FTE and adding a 0.5 FTE administrative specialist in finance temporarily to support implementation of new financial software.
Reed presented the ordinance as a first reading and invited questions; none were raised during the meeting. As a first reading, the amendment was not adopted at the meeting and will return for future council consideration.
