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Council hears first reading of 2026 budget amendment showing $2.4M beginning-balance variance
Summary
Finance Director Kristen Reed presented a first reading of Ordinance 2841 noting an almost $2.4 million difference between estimated and actual beginning fund balances, $1.4M in additional revenue (rollovers/grants) and $2.6M in increased expenses; FTE adjustments were proposed.
The council received the first reading of Ordinance 2841, the city’s first budget amendment for 2026, from Finance Director Kristen Reed.
Reed told the council the primary purpose of the amendment is to reconcile almost $2,400,000 between estimated and actual beginning fund balances. She said revenues increased by about $1,400,000—mostly rollovers and grants—not received by the prior year end, while expenses increased by about $2,600,000, leaving a net increase of just over $1,000,000 in the projected ending fund balance.
The amendment includes personnel adjustments: increasing the media services technician from 0.5 FTE to 1.1 FTE and adding a temporary 0.5 FTE administrative specialist in the finance department to assist while new financial software is implemented. Reed noted most items were previously seen in the consent agenda but highlighted the FTE changes and the rollovers chart included with the ordinance.
This was a first reading; Reed said she was available to answer questions. Council asked no substantive questions at the June 22 meeting.
