Finance director outlines $2.6 million expense increase in 2026 budget amendment
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.
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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.
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