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Council hears first reading of 2026 budget amendment showing $2.4M variance
Summary
Finance Director Kristen Reed presented the first reading of Ordinance 2841, showing an almost $2.4 million difference between estimated and actual beginning fund balances and proposed FTE changes to support implementation of a new financial system.
The council received the first reading of Ordinance No. 2841 on June 22, the city's 2026 budget amendment number one.
Finance Director Kristen Reed said the difference between estimated beginning fund balances and actuals was "almost 2,400,000," driven largely by projects that were not completed as estimated and rollovers from other funds. Reed said revenue increases were roughly $1,400,000 (mainly grant rollovers) and expense increases totaled about $2,600,000, producing a net increase in ending fund balance of just over $1,000,000.
Reed also highlighted proposed position and temporary staffing changes: 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. The ordinance was read by title for a first reading; council members were invited to ask questions prior to second reading.
