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Auditor outlines key figures in RDA tentative 2026 budget, flags expired districts
Summary
Auditor Shirlene Larsen presented revenue and expenditure lines in the tentative 2026 RDA budget and said several redevelopment areas have expired; she said staff will explore moving excess funds into affordable housing prior to final adoption. Exhibit A lists tax-increment and appropriated fund-balance figures for several RDA funds.
During the Nov. 19 meeting Auditor Shirlene Larsen walked the board through the tentative FY2026 Redevelopment Agency budget and the supporting Exhibit A. The exhibit shows multiple fund lines including administrative fee revenue (tentative $200,000), interest estimates ($50,000 in the RDA Admin fund), and large tax-increment figures in project funds (for example, approximately $4.3 million listed under one P&G fund's tax-increment line).
Larsen told the board "some RDA's have expired and I will look into the process of putting the excess into affordable housing." She said staff will return with the procedural steps and any statutory requirements before the board acts on reallocating fund balances. The exhibit and tentative numbers will be reviewed as staff prepares the final FY2026 budget for the board's later consideration.
