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Finance director presents first reading of 2026 budget amendment showing $2.6 million in increased expenses
Summary
Finance Director Kristen Reed presented Ordinance 2841 (first reading), noting a $2.4 million difference between estimated and actual beginning fund balances, a $1.4 million revenue increase and $2.6 million in added expenses, yielding an ending fund balance rise of just over $1 million.
The council received the first reading of Ordinance No. 2841 on June 22, the city’s first budget amendment for 2026. Finance Director Kristen Reed said staff prepared the amendment to reconcile estimated beginning fund balances with actuals and to roll over incomplete projects.
"The difference between our estimated beginning fund balances and our actuals was almost 2,400,000," Reed said, noting that most of the variance is due to projects estimated to finish by year-end that did not. Reed explained the amendment increases revenues by about $1,400,000—largely grants and rollovers—and raises expenses by about $2,600,000, producing an overall increase in the ending fund balance of a little more than $1,000,000. The changes include temporary FTE adjustments: the media services technician position is proposed to increase from 0.5 FTE to 1.1 FTE, and a 0.5 FTE administrative specialist would be added to finance while new financial software is implemented.
This item was presented for first reading; council members were invited to ask questions at second reading before any adoption vote.
