Placement: First Reading of Ordinances / Public Hearing
Action Requested: Motion / Vote
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Ordinance 26-72, Public Hearing, Approving A Budget Amendment for Fiscal Year (FY 2025-26).
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Submitted By: Ivy Ladyko, CGFO, Deputy Budget Director
Strategic Plan Link: The City's Goal of a high-performing city government organization.
Executive Summary (General Business): Budget amendments are essential to address new funding sources, grants, emergencies, and the carryforward of projects from previous fiscal years. This amendment will modify the operating and capital budgets for each designated department or fund, detailing the sources and uses of funds required to achieve a balanced Fiscal Year 2025-26 budget. These revisions reinforce transparency and accountability, consistent with government fund accounting standards and requirements.
Presentation Information: A brief PowerPoint presentation will be given by Caroline Sturgis, Director, Office of Management & Budget, Procurement.
Staff Recommendation: Move that the Council approve the Fiscal Year 25-26 budget amendment.
Alternate Recommendations:
Move that City Council amend the recommendation and approve the Fiscal Year 25-26 budget amendment.
Move that the City Council provide staff with direction.
Background: Adjustments to the City’s budget are routine and anticipated throughout the fiscal year to address operational needs. The budget amendment will address several projects that received funding in prior years but were neither encumbered nor expended, resulting in their carryforward into the current fiscal period. The amendment also recognizes new funds and increased project costs. In accordance with the City Charter, budget amendments must be enacted by ordinance, which necessitates two City Council meetings/readings.
Issues/Analysis: Changes to the budget total need to be approved by City Council.
Financial Information: The Adopted Budget for the Fiscal Year 2025-26 is $869.8 million. The ...
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