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Finance director outlines nearly $2.4M variance in 2026 budget amendment
Summary
Finance Director Kristen Reed presented Ordinance No. 2841 (first reading), reporting an almost $2.4 million variance between estimated and actual beginning fund balances, revenue increases of $1.4 million, expense increases of $2.6 million, and FTE adjustments tied to software implementation.
Finance Director Kristen Reed presented the first reading of Ordinance No. 2841, the 2026 operating budget amendment, summarizing the primary drivers and staffing changes.
Reed said council members would see the ordinance’s chart showing that the difference between estimated and actual beginning fund balances was “almost 2,400,000.” She identified a $1,400,000 increase in revenues (mainly grants and rollovers) and a $2,600,000 increase in expenses; after the amendment, the ending fund balance would increase by just over $1,000,000. Reed also pointed out personnel changes 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 while new financial software is implemented.
Why it matters: The amendment recognizes that several projects expected to be finished by year-end were not completed and requires council review before final adoption. The changes affect staffing levels and fund balances across multiple funds; this is the ordinance’s first reading and council may ask questions or propose amendments before final adoption.
What’s next: Reed invited questions; no substantive council questions were recorded on the June 22 first reading. The ordinance will return for a second reading and vote.
