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Council approves FY25–26 budget amendments reallocating funds into capital
Summary
City staff presented amendments to the FY25–26 budget that reallocate revenues and expenditures and authorize transfers into capital funds; council approved a package of adjustments that staff said moves roughly $1.6 million into capital funds, raising total transfers to about $4.0 million.
The council considered Resolution 20 26-88, which staff described as a set of adjustments to revenues and expenditures for fiscal year 2025–26. Director Malewski said the amendments reallocate selected appropriations and authorize related transfers based on final year-end financial activity. Staff highlighted a key change moving approximately $1.6 million into capital funds, bringing total transfers to roughly $4.0 million.
Council members asked clarifying questions about whether transactions balance and how the adjustments affect upcoming capital conversations for FY28. Staff responded that many entries balance to zero overall and the net transfers strengthen capital fund positions ahead of next year’s budget process. The council approved the amendment by roll call (8–0, 2 absent).
