AGENDA TITLE:
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Receive Presentation Regarding Fiscal Year 2025/26 3rd Quarter Budget Review and Fiscal Year 2026/27 Study Session 1 (IS - BUD)
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MEETING DATE:
May 6, 2026
PREPARED BY:
Jennelle Baker, Budget Manager
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RECOMMENDED ACTION:
Receive presentation regarding Fiscal Year 2025/26 3rd Quarter Budget Review and Fiscal Year 2026/27 Study Session 1.
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BACKGROUND INFORMATION:
Staff has planned three presentations to provide the City Council and public an opportunity to review and comment on basic assumptions within the Fiscal Year 2026/27 budget to be proposed to Council on June 17, 2026. This session is designed to provide information on the following:
1) Fiscal Year 2025/26 3rd Quarter Budget Review
2) Fiscal Year 2026/27 Study Session 1
3) 5-Year Forecast based on Fiscal Year 2026/27 draft budget numbers
FISCAL YEAR 2025/26 3RD QUARTER BUDGET REVIEW
This informational item presents unaudited General Fund revenue and expenditure results through the third quarter of FY 2025/26, or nine periods (July-March). In addition, the report highlights General Fund revenue and expenditure results in comparison to estimates used in the development of the current FY 2025/26 budget.
Through the third quarter of FY 2025/26, General Fund expenditures and encumbrances were $70.5 million, or 71.7% of the adjusted budget of $98.3 million. Of the adjusted budget, $5.1 million was re-appropriated from FY 2024/25 for encumbrances and allocations for the remaining American Rescue Plan Act (ARPA) funding assigned to the operation and planning of the Access Center.
The Revised Budget includes projections for labor-related Memorandum of Understanding (MOU) updates as discussed and approved during the mid-year budget review.
General Fund FY 2025/26 3rd Quarter Expenses Listed by Department:
Through the third quarter of FY 2025/26, General Fund revenues totaled $64.3 million, representing 67.9% of the adjusted budget of...
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