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Council hears first reading of 2026 budget amendment with $2.4M beginning‑balance adjustment
Summary
Finance Director Kristen Reed told the council that differences between estimated and actual beginning fund balances necessitate Ordinance No. 2841, a budget amendment that rebalances nearly $2.4 million, increases revenues about $1.4 million and raises expenses by $2.6 million while adjusting two temporary FTEs.
The council heard first reading of Ordinance No. 2841, the city’s first 2026 budget amendment, after a staff presentation by Finance Director Kristen Reed.
"The difference between our estimated beginning fund balances and our actuals was almost 2,400,000," Reed said, explaining most of the variance reflects projects that were not finished by year‑end and therefore rolled over. Reed said the amendment increases revenues by about $1,400,000 and increases expenses by about $2,600,000, leaving the ending fund balance roughly $1,000,000 higher after adjustments.
Reed also noted personnel changes included in the amendment: increasing a media services technician from 0.5 FTE to 1.1 FTE and adding a temporary 0.5 FTE administrative specialist in the finance department while the city implements new financial software. As this was a first reading, councilmembers may ask questions and propose changes before a second reading and final vote.
