AGENDA TITLE:
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Adopt a Resolution Approving Fiscal Year 2025/26 Financial Plan and Budget; Approving the Fiscal Year 2025/26 Appropriation Spending Limit; Approving the Classifications, Job Descriptions, and Salary Ranges for Five New Positions; and Approving the Annual GANN Spending Limit (ISD - BUD)
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MEETING DATE:
June 4, 2025
PREPARED BY:
Jennelle Baker-Bechthold, Budget Manager
recommendation
RECOMMENDED ACTION:
Adopt a resolution approving Fiscal Year 2025/26 Financial Plan and Budget; approving the Fiscal Year 2025/26 Appropriation Spending Limit; approving the classifications, job descriptions, and salary ranges for four new positions; and approving the Fiscal Year 2025/26 Investment Policy.
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BACKGROUND INFORMATION:
Staff presented information regarding the Fiscal Year ("FY") 2025/26 budget at Special Meetings on May 27 and May 28, 2025. The draft budget document was made available to Council and released online on May 22, 2025. The full proposed budget is available on the City's webpage at: https://city-lodi-ca-budget-book.cleargov.com/19303.
The General Fund for FY 2025/26 is presented with revenues and expenditures of $89,724,060. The remaining fund expenditures are shown in Table 1, bringing the City's total FY 2025/26 budget to $291,383,160.
Staffing Changes - The budget proposes 478 full time employees, a net increase of five from FY 2024/25 authorized positions. The recommended changes are shown in Table 2:
* Add (1) Librarian II - A restructuring of the Lodi Public Library results in the addition of a Librarian to manage the Library Services Division within the Library. This was a recommendation by the Baker-Tilly assessment report and the addition of the position and the restructuring of the Library shown in the budget book were approved by the Library board on May 12, 2025. The position will oversee day to day operations of the Library Services Division and will provide staff management for the Library...
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