AGENDA TITLE:
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Adopt a Resolution Approving Fiscal Year 2026/27 Financial Plan and Budget; Approving the Fiscal Year 2026/27 Appropriation Spending Limit; Approving new Job Classifications, and Reclass Studies for Requested Positions, Approving the Budget and Fiscal Policies, Approving the Investment Policy and Approving the Annual Gann Spending Limit (IS - BUD)
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MEETING DATE:
June 17, 2026
PREPARED BY:
Jennelle Baker-Bechthold, Budget Manager
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RECOMMENDED ACTION:
Adopt a Resolution approving Fiscal Year 2026/27 Financial Plan and Budget; approving the Fiscal Year 2026/27 appropriation spending limit; approving new Job Classifications, and Reclass Studies for requested positions, approving the Budget and Fiscal Policies, approving the Investment Policy, and approving the annual Gann Spending Limit.
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BACKGROUND INFORMATION:
Staff presented information regarding the Fiscal Year ("FY") 2026/27 budget at Council meetings on May 6t, May 20, and June 3. The draft budget document was made available to Council and released online on May 20, 2026. The full proposed budget is available on the City's webpage at: https://city-lodi-ca-cleardoc.cleargov.com/20014.
The General Fund for FY 2026/27 is proposed with revenues and expenditures of $96,208,300. The remaining fund expenditures are shown in Table 1, bringing the City's total FY 2026/27 budget to $302,351,060.
Staffing Changes - The budget proposes 481 full time employees, a net increase of three from FY 2025/26 authorized positions. The recommended changes are shown in Table 2:
* Add (1) Senior Storekeeper - The Water/Wastewater Division currently utilizes one Senior Storekeeper to manage and maintain inventory for both utility operations. As the City has grown and infrastructure demands have increased, the volume and complexity of inventory management responsibilities now exceed the capacity of a single position. To maintain service levels, support operational ef...
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