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Council approves RDA and city midyear budget amendments; finance director details revenue and capital adjustments
Summary
The council accepted RDA board recommendations and approved two ordinance amendments to the FY25–26 RDA and city budgets after Peter Brown outlined revenue updates, a $100,000 utility-revenue reduction, interest-allocation adjustments and capital-fund reassignments.
Finance Director Peter Brown walked the council through the RDA and city midyear budget amendments, explaining several revenue and expenditure adjustments and the rationale for reclassifying some items into the correct funds.
For the Redevelopment Agency (RDA) budget (ordinance 2026-19), Brown described updated interest-allocation entries and fund-balance adjustments the RDA board recommended to the council. For the city-wide midyear amendments (ordinance 2026-20), Brown highlighted a $100,000 downward revision to utility revenue from the version posted earlier in the week, a $57,000 interest-allocation update for an investment account, and the reclassification of motor-vehicle revenue and expenditures back to the motor pool fund.
Brown said the general fund projected income at this point was "just shy of $12,000,000" and noted that, depending on year-end spending and sales-tax actuals, the city could still end up with an additional $300,000–$400,000 in surplus. He pointed to capital reassignments (including WACOG monies) and transportation utility fee (TUF) transfers into capital to allow public-works spending to proceed.
Council voted separately to accept the RDA board's recommendation and to adopt the city budget amendment; both ordinances passed by roll call as recorded in the meeting.
