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Council hears first reading of 2026 budget amendment citing $2.4 million variance and FTE changes
Summary
Finance Director Kristen Reed presented the first reading of Ordinance 2841, describing an almost $2.4 million variance between estimated and actual beginning fund balances, proposed FTE adjustments and a net increase in ending fund balance of just over $1 million.
At the June 22 meeting the council received the first reading of Ordinance 2841, the city's 2026 budget amendment. Finance Director Kristen Reed framed the amendment as a reconciliation of estimated and actual beginning fund balances and described program rollovers and personnel adjustments.
Kristen Reed told the council, "the difference between our estimated beginning fund balances and our actuals was almost 2,400,000." She explained most of the variance resulted from projects estimated to finish by year-end that did not, producing rollovers. The amendment includes personnel changes (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). Reed said revenues on the ordinance increased by $1,400,000 (mostly grant rollovers) while expenses rose by $2,600,000, leaving an increase to the ending fund balance of just over $1,000,000.
This was the ordinance's first reading; no adoption vote was taken tonight. Reed offered to answer questions and scheduled follow-up at the next hearings where council may consider adoption.
