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Council hears first reading of 2026 budget amendment; staff cites $2.4 million variance
Summary
The council heard the first reading of Ordinance No. 2,841, a 2026 budget amendment that reconciles a roughly $2.4 million variance between estimated and actual beginning fund balances and includes FTE changes for implementation of new financial software.
Finance Director Kristen Reed presented the first reading of Ordinance No. 2,841 on June 22, describing the city's 2026 budget amendment that reconciles estimated and actual beginning fund balances.
Reed told the council the difference between estimated and actual beginning fund balances was about $2.4 million, mostly attributable to projects expected to finish by year-end that were not completed. The amendment shows a revenue increase of about $1.4 million (primarily rollovers and grants) and an expense increase of about $2.6 million, resulting in a net increase in ending fund balance of just over $1.0 million.
Reed highlighted personnel and technical adjustments included in the amendment: increasing the media services technician position from 0.5 full-time equivalent (FTE) to 1.1 FTE and adding a temporary 0.5 FTE administrative specialist in the finance department to assist with the implementation of the city's new financial software. She said most items in the amendment had appeared previously in the consent agenda and that councilmembers could ask questions at second reading.
This was a first reading by title; the council did not vote to adopt the budget amendment on June 22. Reed invited questions but none were asked during the meeting.
