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Council to amend beginning fund balances to match FY2025 audit, adding modest available funds
Summary
Finance presented Operating Budget Amendment No. 10 to true up 2026 beginning fund balances to audited FY2025 results; the adjustment increases general fund availability by about $58,000.
Annie presented Ordinance calendar No. 81‑61 (Operating Budget Amendment No. 10), which adjusts beginning fund balances in the 2026 budget to match audited FY2025 results.
"When we prepared the budget for 2026, this was based on what we thought we would begin the year with... now that the audit is over from fiscal year 2025, we know exactly what the beginning fund balance is as of 01/01/2026," Annie said. She showed an example for the general fund: the original beginning balance estimate was about $15,600,000 and the amendment increases available budget by roughly $58,000, bringing available general fund cash to about $72,000.
The amendment applies across funds to align budgeted beginning balances with audited figures. Council discussion during this item focused on confirming that the change is an audit true‑up rather than a new revenue source; no separate vote was recorded on the amendment at the meeting beyond the later referral motion for the package of budget items.
