AGENDA TITLE:
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Fiscal Year 2025/26 First Quarter Budget Update (IS - BUD)
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MEETING DATE:
December 17, 2025
PREPARED BY:
Jennelle Baker, Budget Manager
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RECOMMENDED ACTION:
This is an informational report; no action is requested on this item.
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BACKGROUND INFORMATION:
This informational item presents unaudited revenue and expenditure results through the first period of FY 2025/26. This report presents City-wide Funds revenue and expenditure results through the first three periods of FY 2025/26 (July-Sept). 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 first quarter of FY 2025/26, General Fund (GF) expenditures and encumbrances were $42.4 million, or 44.5% of the adjusted budget of $95.3 million. Of the adjusted budget, $5.5 million was re-appropriated from FY 2024/25 for encumbrances and allocations for the Assistance to Firefighters Grant, and the remaining American Rescue Plan Act (ARPA) funding was assigned to the operation and planning of the Access Center. Both of these allocations have revenue offset, and the projects or activities were not completed as of June 30, 2025.
The first quarter reporting does not include any assumptions for Memorandum of Understanding (MOU) updates or ongoing negotiations, and is solely based on the original budget and the adjustments mentioned above. As the remaining MOU negotiations unfold, expenditures will continue to be monitored and projections updated to assess the impact on the General Fund. The results of this analysis and potential budget adjustments will be discussed during the mid-year budget review.
1a Only received $2,407 out of the projected $529,370 AFG Grant Reimbursement and No Strike Team
Revenue YTD
1b Rent payment from Peaker plant will be received in March 2026 ($2,800,000)
1c Full Cost of Serv...
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