SUBJECT/RECOMMENDATION:
Title
Amend the City’s fiscal year 2025/26 operating and capital improvement budgets at mid-year and pass Ordinances 9921-26 and 9922-26 on first reading.
Body
SUMMARY:
The fiscal year 2025/26 operating and capital improvement budgets were adopted in September 2025 by ordinances 9849-25 and 9850-25. Section 2.521 of the City’s Code of Ordinances requires the City Manager to prepare a quarterly report detailing income, expenditure estimates, collections, the explanation of significant variances, as well as the financial status of all capital improvement projects.
STRATEGIC PRIORITY:
The budgeting process aligns resource allocation to the advancement of our community in all five strategic priorities: high performing government, economic and housing opportunity, community well-being, environmental stewardship, and superior public service.