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City Council approves FY2026 2nd‑quarter budget amendment with transfers to CIP and fire capital
Summary
The council approved a Q2 budget amendment that increases projected revenues by $1.9M and expenditures by $1.5M, including transfers to the capital improvement fund, fire capital, and funding for Nowicki Park and a property purchase at 884 North Adams Road.
Council approved the fiscal year 2026 second‑quarter budget amendment after Mr. Snyder summarized the packet. The amendment increases total revenues by $1,900,000 and expenditures by $1,500,000, producing a net positive impact of $400,000 to citywide fund balances.
Key revenue and expenditure changes include a $1,000,000 transfer from the general fund to the capital improvement fund to set the general fund balance at 50% for 2026 (the policy phases the target to 35% in 2027); a $500,000 transfer from the fire operating fund to the fire capital fund to maintain fire operating fund balance at 25%; a $775,000 allocation from the CIP for purchase of property at 884 North Adams Road; and an additional $2,500,000 from CIP to Nowicki Park (including $507,000 from the CIP saver reserve to cover inflationary increases).
Offsets listed in the packet include a $2,500,000 decrease in transfers from CIP to the water and sewer capital fund because projects came in under budget, offset by reduced sanitary sewer transfers and fleet capital adjustments. The packet notes $57,000 citywide decreased net operating expenditures and an increase of $725,000 in capital projects driven largely by the property purchase and Nowicki Park adjustments.
The public hearing for the amendment drew no speakers; council moved and adopted the resolution to amend FY2026 fund totals.
