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Finance director presents first reading of $2.4 million budget amendment, notes FTE changes
Summary
At the June 22 first reading of Ordinance 2,841, Finance Director Kristen Reed outlined a roughly $2.4 million variance between estimated and actual beginning fund balances, with revenue and expense adjustments and temporary FTE changes tied to new financial software implementation.
Finance Director Kristen Reed presented the first reading of Ordinance 2,841 — the city’s first budget amendment for 2026 — explaining a nearly $2.4 million difference between estimated and actual beginning fund balances driven largely by projects that did not finish as projected and resulted in rollovers.
Reed said the amendment shows a revenue increase of about $1.4 million (largely grant rollovers and fund transfers) and an overall expense increase of about $2.6 million, leaving an increase to the ending fund balance of just over $1.0 million. She noted two personnel adjustments included in the amendment: increasing a media‑services technician position from 0.5 FTE to 1.1 FTE, and adding a temporary 0.5 FTE administrative specialist in finance while the new financial software is implemented.
Reed closed by saying this is the first reading and staff were available for questions; none were raised during the meeting. Because this was a first reading, no final action was taken.
What happens next: The ordinance will return for a subsequent reading and potential council action at a later meeting.
