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Finance director outlines $2.4M variance and personnel adjustments in 2026 budget amendment
Summary
Finance Director Kristen Reed presented Ordinance 2841, the first 2026 budget amendment, citing an almost $2.4 million difference between estimated and actual beginning fund balances, revenue increases of about $1.4 million, expense increases of about $2.6 million, and temporary FTE adjustments tied to new financial software implementation.
Finance Director Kristen Reed presented the first reading of Ordinance 2841, the 2026 budget amendment, explaining that actual beginning fund balances differed from estimates by nearly $2.4 million and that the amendment reconciles those amounts.
Reed said the amendment increases revenues by approximately $1.4 million — mainly rollovers and grants not received by prior year-end — and raises expenses by about $2.6 million for project rollovers, leaving an increased ending fund balance of just over $1.0 million. The amendment also includes personnel adjustments: increasing the media services technician from 0.5 FTE to 1.1 FTE and adding a temporary 0.5 FTE administrative specialist in the finance department while the city implements new financial software.
Because this was a first reading, council held no final vote on the ordinance; Reed offered to answer questions and said items listed largely appeared in the consent agenda or prior approvals and were intended to reconcile accounting and operational changes.
