REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Travis Hopkins, City Manager
PREPARED BY: Zack Zithisakthanakul, Acting Chief Financial Officer
Subject:
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Fiscal Year 2025/26 Mid-Year Budget Adjustments & 2nd Quarter Forecast
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Statement of Issue:
The Finance Department has prepared a mid-year budget review for the fiscal year that began on July 1, 2025. In interfacing with operating departments, budgetary requests have been assessed across all City departments, and certain adjustments are being recommended based on available resources in respective funds. The proposed adjustments of $1,470,993 across multiple funds address operational needs, infrastructure requirements, and grant-supported programs while maintaining fiscal stability and uninterrupted service delivery.
Financial Impact:
Fiscal Year 2025/26 Mid-Year Adjustments
Approval of the proposed mid-year adjustments will appropriate a total of $1,470,993 across multiple funds. The Infrastructure Fund adjustments totaling $530,000 will be funded through available Infrastructure Fund fund balance. These requests address needs that were not originally programmed as part of the adopted Fiscal Year 2025/26 Budget. These requests are one-time in nature and do not create ongoing structural commitments beyond the current fiscal year.
The $499,000 in Grant Fund appropriations are fully supported by external grant revenues and therefore do not impact City fund balance. The $441,993 in Special Revenue Fund adjustments are funded by restricted revenues designated for their intended purposes.
Recommended Action:
recommendation
Approve mid-year budget adjustments to the Fiscal Year 2025/26 Revised Budget in the funds and by the amounts contained in Attachment 1.
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Alternative Action(s):
Do not approve the recommended action(s) and direct staff accordingly.
Analysis:
The purpose of this item is to present the City's mid-year budget request and...
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