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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 showing nearly $2.4 million difference between estimated and actual beginning fund balances, several FTE adjustments and rollovers of grant-funded projects.
The council received the first reading of Ordinance 2841, the city’s 2026 budget amendment, during its June 22 meeting. Finance Director Kristen Reed said the ordinance reconciles estimated and actual beginning fund balances and implements several rollovers and staffing adjustments.
Reed told the council that “the difference between our estimated beginning fund balances and our actuals was almost 2,400,000.” She said revenue increases were about $1,400,000 — largely grants and rollovers — and expense increases were about $2,600,000, leaving an increase in ending fund balance of just over $1,000,000 after the amendment. Reed highlighted staffing adjustments included in the amendment: increasing the media services technician from 0.5 FTE to 1.1 FTE and adding a temporary 0.5 FTE administrative specialist in finance to support implementation of new financial software.
As this was a first reading, no adoption vote occurred; council members were invited to ask questions and return for a second reading where final action can be taken.
