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Finance director outlines $2.6 million expense increase in 2026 budget amendment
Summary
At first reading of Ordinance 2841, Finance Director Kristen Reed said estimated beginning fund balances differed from actuals by about $2.4 million; revenue increases totaled $1.4 million (mostly grant rollovers) and expenses increased $2.6 million, producing an ending fund balance increase just over $1 million.
Finance Director Kristen Reed presented the first reading of Ordinance 2841, the city’s 2026 budget amendment. She told the council the difference between estimated and actual beginning fund balances was almost $2,400,000 and that revenue adjustments totaled $1,400,000 (largely grant rollovers), while expenses increased by $2,600,000.
Reed highlighted staffing 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 finance while new financial software is implemented. She summarized that the net effect on the ending fund balance after the amendment would be just over $1,000,000 and said the item is before the council as a first reading; she offered to answer questions and none were raised at this meeting.
The amendment will return for a later reading and potential adoption; the first reading was informational and no final vote was taken June 22.
