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Council hears first reading of 2026 budget amendment noting $2.4 million beginning-balance adjustment
Summary
Finance Director Kristen Reed presented the first reading of Ordinance 2841 on June 22: beginning fund balances were about $2.4 million higher than estimated, driving rollovers; the amendment increases revenues by roughly $1.4 million and expenses by $2.6 million and includes two temporary staffing FTE changes.
Finance Director Kristen Reed presented the first reading of Ordinance 2841 on June 22, describing the city's 2026 budget amendment. "The difference between our estimated beginning fund balances and actuals was almost 2,400,000," Reed said, explaining that many projects estimated to finish last year rolled into 2026 and account for the bulk of the adjustments.
Reed walked council through the numbers: the amendment increases revenues by about $1,400,000 and expenses by about $2,600,000, producing an ending-fund-balance increase just over $1,000,000. Staffing changes called out in the amendment include increasing a media services technician from 0.5 to 1.1 FTE and adding a temporary 0.5 FTE administrative specialist in finance while new financial software is implemented. The ordinance was presented for first reading; council asked no questions during the hearing and no final vote was taken.
