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Council hears first reading of 2026 budget amendment showing $2.4M variance
Summary
Finance Director Kristen Reed presented the first reading of Ordinance 2841, a 2026 budget amendment that reconciles an approximately $2.4 million variance between estimated and actual beginning fund balances and proposes several FTE and roll‑over adjustments.
The council received the first reading of Ordinance No. 2841, the city’s first budget amendment for 2026, during the June 22 meeting.
Finance Director Kristen Reed (speaker 12) told council that the difference between the city’s estimated beginning fund balances and actuals was “almost $2,400,000.” Reed explained that the amendment increases revenues by roughly $1,400,000 (largely rollovers and grants not received by fiscal year‑end) and increases expenses by about $2,600,000, producing a net increase in the ending fund balance of just over $1,000,000. Reed also highlighted staffing adjustments included in the amendment: converting 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.
Reed noted most items had been seen previously on the consent agenda and offered to answer questions; council took no final vote on the budget amendment at first reading.
