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Finance Committee: FY26 unaudited results show $2.9M general fund underspend
Summary
The finance director told the committee the general fund closed FY26 at 93.8% of budget—about $2.9 million under—and revenues showed a $1.16 million positive balance, yielding roughly $3.1 million in preliminary savings before audit reconciliations.
The Finance Committee reviewed unaudited fiscal year 2026 results at its Aug. 4 meeting. The finance director reported that "the total expenses for the general fund were at 93.8%, which was, under budget by 2,900,000," and that revenues showed "a positive balance of 1,160,000," producing an estimated $3,100,000 in preliminary savings before final reconciliations and audit entries.
The director cautioned the figures remain unaudited and subject to adjustment. Fund-level detail included Fund 601, which the director said had an overage driven by audit fees but nonetheless showed stronger revenues than expenses, leaving a positive balance of $845,000. Committee members pressed staff on whether the underspend reflected conservative spending or budget errors and asked for follow-up data and reconciliation once the audits are complete.
