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Finance director outlines $2.6 million in expense rollovers in first 2026 budget amendment
Summary
Finance Director Kristen Reed presented the first 2026 budget amendment showing a nearly $2.4 million difference between estimated and actual beginning fund balances, $1.4 million in revenue increases (mostly grant rollovers), $2.6 million in expense increases and FTE changes to support software implementation.
At the council's June 22 meeting, Finance Director Kristen Reed presented the first reading of Ordinance No. 2841, the 2026 budget amendment, and detailed rollovers and personnel adjustments.
Reed said the difference between estimated and actual beginning fund balances was nearly $2,400,000—largely due to projects not completed by year end—and that the amendment increases revenues by about $1,400,000 (mainly grant rollovers) and increases expenses by about $2,600,000, resulting in a net increase to the ending fund balance of just over $1,000,000. “As I mentioned in the staff report, most of these items on here you've seen through consent agenda,” she said, and invited questions.
Reed also called out FTE changes in the amendment: the media services technician position would increase from 0.5 FTE to 1.1 FTE, and an administrative specialist position in Finance would be added as a temporary 0.5 FTE while new financial software is implemented.
This was a first reading; Reed said she was available to answer questions and the ordinance will return for further consideration. No adoption vote occurred at this meeting.
