Finance Committee, 1/15/26

Norman Finance Committee · January 16, 2026

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Meeting called to order; agenda overview

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Meeting opened and chair noted Council Member Hickel absent and that there were two items on the agenda: midyear budget review and monthly revenue/expenditure reports.

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Speakers:Unidentified Meeting Chair

The Finance Committee met Jan. 15, 2026, for a midyear budget review and monthly revenue/expenditure report. Staff reported an audited FY25 ending general fund balance of $11.6 million (about $400,000 below the adopted estimate), rising health-insurance claims creating a risk-fund deficit, and options to freeze expenditures or adjust reserves ahead of FY27 budget development.

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